Financial Risk Analyst

Role overview

BDO India is looking for a meticulous and analytical Financial Risk Analyst to contribute to model development, model validation, and analytics work within Capital Markets. This position focuses on building derivatives pricing models, statistical models, and liquidity and treasury models, along with performing data-led analysis to strengthen risk management outcomes. Familiarity with policy review and procedures is important, and exposure to machine learning and AI-based models is an added advantage.

Core responsibilities

• Create reliable, well-structured models using advanced statistical methods and algorithmic programming.
• Validate current models through back-testing, then assess their strengths, limitations, and improvement opportunities.
• Work with model risk management processes, model inventories, and associated risk controls.
• Prepare clear documentation covering model methodology, inputs, and outputs for audit and regulatory purposes.
• Collect, clean, and analyse large datasets to support assumptions and validation work.
• Build efficient dashboards and reporting tools to monitor model performance.
• Carry out ad hoc analysis and reporting for Valuation and Analytics teams.
• Support risk analysis through statistical modelling of mortgage asset behaviour.
• Evaluate hedge activity, including interest rate risk tied to financial instruments.
• Assist in the design and structuring of hedge programmes.
• Use macroeconomic indicators to run scenario analysis and stress-testing exercises.

Experience and qualification requirements

• A Master’s or Bachelor’s degree in statistics, econometrics, or quantitative finance is required.
• Strong programming capability in Python, R, SAS, or a similar language is expected.
• Hands-on experience working with large datasets and data analysis tools is needed.
• Working knowledge of capital markets, mortgage assets, and risk management concepts is preferred.
• The role calls for strong analytical reasoning, problem-solving ability, and communication skills.
• Applicants should have 2 to 3 years of experience in consulting, investment banking, or asset management firms.

Additional information

This is a full-time onsite role based in Mumbai, Maharashtra, India. Experience with machine learning and AI models is desirable.