Financial Risk Analyst

Overview

BDO India is looking for a meticulous and analytical individual to join as a Financial Risk Analyst in Mumbai. The role involves supporting model development, validation, and analytics within the capital markets domain. Responsibilities include building derivatives pricing models, statistical and liquidity/treasury models, conducting data-driven analyses, and aiding risk management activities. Familiarity with machine learning and AI models is advantageous.

Key Responsibilities

• Create and validate comprehensive models using advanced statistical methods and programming algorithms.
• Perform model validation and back-testing to evaluate current models, identifying their strengths and potential weaknesses for enhancement.
• Understand and contribute to Model Risk Management practices, maintain Model Inventory, and support Risk Control procedures.
• Document model methodologies, inputs, and outputs thoroughly for audits and regulatory compliance.
• Process, clean, and analyze extensive datasets to support assumptions and validation of models.
• Develop efficient dashboards for tracking model performance and reporting outputs.
• Conduct specialized analyses and reporting for valuation and analytics teams as required.
• Support risk management efforts via statistical analysis and modeling of mortgage asset behavior.
• Analyze hedge activities including interest rate risks associated with different financial instruments and assist in structuring hedge programs.
• Perform scenario analysis and stress testing leveraging macroeconomic indicators.

Qualifications & Skills

• A Master's or Bachelor's degree in statistics, econometrics, quantitative finance, or a related quantitative discipline.
• Proficient in programming languages such as Python, R, SAS, or equivalents.
• Experience handling large datasets and using data analysis tools.
• Understanding of capital markets, mortgage assets, and risk management concepts is preferred.
• Strong analytical capabilities, problem-solving aptitude, and communication proficiency.
• 2 to 3 years of professional experience in consulting, investment banking, or asset management environments.