Model Validation

2 weeks ago

Singapore Deriv Full time

Job Information

Industry
- Trading Operations

City
- Singapore

Country
- Singapore

You will be in charge of executing model validation across a wide range of financial and synthetic derivative instruments. Your job is to ensure that the models used for the valuation and management of the company’s trading positions are of a high standard, especially from a risk perspective.

Currently, we offer more than 220 derivative instruments to over 2.5 million customers who trade at a monthly rate of over 200 million trades. Being a fast-paced company with a culture of innovation, we have new complex products in the pipeline at all times and are rapidly adding to the range of our offerings. Your careful model validation is essential to this fast growth: you evaluate the conceptual soundness of our pricing models, design and conduct experiments to compare a model’s prediction against actual outcomes or against the output of alternative benchmark models, and design and monitor model performance metrics to help us manage risk, make insightful business decisions, and grow in scalability.

**What will you be doing?**
- Validate the methodology of our pricing models, the data feed, and the markup adjustments through proprietary series of tests.
- Review and monitor our pricing models periodically.
- Assist in analyzing any risk-related matter on an ad-hoc basis.
- Work closely with the Quants team to develop model risk policy and control procedures, provide guidance on a model's appropriate usage in the business context, evaluate ongoing model performance testing, and ensure that the Quants team are aware of the model’s strengths and limitations.
- Engage in new product development processes to evaluate model and data-feed risks and suggest a risk mitigation plan.
- Create and update any documentation related to pricing for business-continuity purposes.
- Screen new potential risk management tools.
- Develop independent tools for model validation.

**Requirements**:

- Strong mathematical skills
- In-depth knowledge of financial markets
- Deep understanding of derivatives
- Solid knowledge of pricing models

**Technical Skills**
- Expertise in Python
- Knowledge of C++

**Benefits**:

- Market-based salary
- Exciting work challenges
- Annual performance bonus
- Health benefits
- Casual dress code

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