Manager | Financial Risk | Bengaluru | Regulatory & Financial Risk

• *The Team**

Discover the various Financial Risk services, we offer to help organizations across the full life cycle of financial transaction. From governance and processes to technology and reporting, our services can enhance transparency, efficiency, compliance and financial integrity.

• *Work you’ll do**

We are seeking a Market Risk Quant to support model development and validation. The role involves developing, reviewing/validating Market Risk (FRTB IMA, SA and Basel 2\.5\), Counterparty Credit Risk and Pricing models. Candidate must have relevant experience in statistical modelling, quantitative research, stochastic calculus, market risk management, FRTB or any other related field.

* Conducting independent reviews and validation of

• Market Risk Models (FRTB – IMA \& SA, Basel 2\.5, VaR, Expected Shortfall, Sensitivities)
• Counterparty Credit Risk Models, including IMM / internal exposure models (EPE, EE, PFE), XVA models, Margin models (DIM, SIMM)
• Stress Testing Models (CCAR, DFAST, ICAAP)
• Assess model inputs, outputs, and assumptions; evaluate conceptual soundness and methodological appropriateness

• Perform performance testing, benchmarking, sensitivity analysis, and back\-testing

• Review model implementation and identify potential model risks and remediation actions

• Prepare and review comprehensive validation and model risk reports aligned with regulatory expectations (e.g., SR 11\-7, ECB, PRA)

• *Skills**

• The candidates will be required to have sound knowledge and close to 2\-7 years of experience in either of the areas below.

• Market Risk models: VaR / RNIV models, IRC, SA\-CVA, FRTB models: SA, IMA
• Stress testing and Capital models: CCAR, DFAST, ICAAP
• CCR: SACCR, XVA models, Risk factor simulation models, margin models like IM, VM, SIMM, Exposure models
• The candidate should have strong understanding of:

• Market Risk metrics (VaR, Expected Shortfall, sensitivities, FRTB, back\-testing)
• CCR metrics (EPE, EE, PFE, EAD, SA\-CCR, margin models)
• Stochastic calculus, probability theory, change of measure, numerical methods Statistical techniques and tests (ADF, KPSS, Durbin\-Watson, etc.)
• Stress testing, scenario analysis, and risk management strategies
• Derivatives and financial instruments across equities, fixed income, FX, and commodities
• Regulatory and model risk management frameworks (SR 11\-7 and global regulatory standards)
• Strong programming and analytical skills using **Python, C\+\+, R, SQL, VBA**
• Excellent communication, documentation, and stakeholder management skills

• *Job Purpose**

Within the SRT practice, risk quants are responsible for developing methodologies and validating methodologies for risk models including value\-at\-risk, expected shortfall, Exposure model, XVA and capital. Candidate will join the Regulatory and Financial Risk team that partakes in model development over the full life\-cycle of models: from methodology to design to local implementation and validation. More specifically the candidate will support validation activities related to a wide spectrum of businesses, including Interest Rates, FX, Equities, XVA, Banking, and Securitized Products.

• *Qualifications**

• Master’s Degree in Quantitative Finance, Financial Mathematics, Statistics, Economics, Engineering, MBA or a related field

• Others \- Certifications: FRM, CFA, CQF are a plus

• *Your role as a leader**

At Deloitte India, we believe in the importance of leadership at all levels. We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters.

In addition to living our purpose, Consultant or Assistant Manager across our organization:

• Builds own understanding of our purpose and values; explores opportunities for impact

• Demonstrates strong commitment to personal learning and development; acts as a brand ambassador to help attract top talent

• Understands expectations and demonstrates personal accountability for keeping performance on track

• Actively focuses on developing effective communication and relationship\-building skills

• Understands how their daily work contributes to the priorities of the team and the business