My client a Top Tier American Investment Bank is seeking an experienced individual with a background in model validation to join the highly technical Derivatives Mod Val group in New York. The role will allow the successful applicant to further develop their knowledge of derivatives pricing models review with a specific focus on interest rates and FX. Working directly with the Head of Model Validation, you will assume a senior position (Vice President) within the team and will have a degree of responsibility for the supervision of more junior members of the group. This is a progressive and dynamic role with superb opportunities for promotion and future levels of remuneration.

Responsibilities:
-Candidate will be analysing and benchmarking current models, and be given the opportunity to build their own models, which will be largely used by the trading desk.
-Stress testing current models and identifying any potential risks that might affect the trading products.
-Managing all risk scenarios by planning solutions in advance.
-Supporting and assisting all senior traders, working closely with them most days.
-Candidate will be working predominantly with FX/Interest Rate and Inflation products, and will be gaining valuable insight into the rest.

Ideal experience of candidate:
-The successful applicant will ideally be able to demonstrate a proven track record validating and reviewing models for front office trading and structuring teams preferably with a direct experience of interest rates or FX derivatives.
- Excellent programming skills e.g. C++, VBA or Java
- PhD or equivalent in Mathematics, Physics or similar discipline.
- Excellent level of Financial Mathematics i.e. stochastic calculus, PDE modelling, binomial trees, etc.

To apply, or for further information, please submit your CV in word document format to quantexotic@selbyjennings.com or call +44 (0) 207 019 4137