Algo Trading Strategist - Model Validation

WHO WE ARE

Quanteam Group is a Consulting firm specialised in the Capital Markets industry, in Paris, London, Brussels, New York and North Africa.

Since 2007, our 800 consultants provide major clients (Corporate & Investment Banks, Asset Managers, Hedge Funds, Brokers, and Insurance Companies) with expertise in several projects such as Financial Engineering, Quantitative Research, Regulatory Implementation, IT Transformation & Innovation.

The firm mainly takes part in:

• Business consulting: Quantitative research, Risk management (e.g., Market risk, credit risk, counterparty risk), Banking regulations (e.g., Basel III, Solvency II, FATCA, EMIR, MiFID), Pricing & Valuation, Organisational Transformation & Process Improvement.
• IT & Information systems consulting: Business Analysis, Project Management, Change management, Front Office Support (functional and technical), Development (e.g., C++, Python, C#, Java, VBA), Financial Software (e.g., Sophis, Murex, Summit, Calypso), IT Transformation & Innovation.

As part of Quanteam Group, Quanteam UK (incorporated in 2010) has today more than 80 consultants, working for major Capital Markets institutions in London.

JOB DESCRIPTION

We are looking for a skilled resource with experience in Algorithmic model validation for one of our global Investment Banking clients.

KEY RESPONSIBILITIES

• Review, testing and validation of existing algo trading models covering FX, repo and equity products
• Update model documentation for existing models to align with the new governance framework
• Collaborate with Model Risk Framework team and other Risk teams to set up Model Risk KRIs for senior management reporting
• Collaborate closely and collect all essential documents and information required for model development documentation and validation of algo trading models.
• Compile a thorough model submission pack, encompassing model development documents, ongoing monitoring plans, implementation testing details, and model risk assessment reports.
• Execute ongoing model monitoring and generate comprehensive reports, aligning with SR 11/7 regulatory guidelines and the specific MRM guidelines of the bank.
• Utilise your extensive hands-on experience with programming languages such as Python and SAS to facilitate model validation and documentation processes.

PROFILE REQUIREMENTS

• 5 + years of hands-on experience in model validation and especially Algo trading models
• In-depth knowledge of SR 11/7 guidelines and AI/ML model validation best practices
• Knowledge of RTS 6 would be a plus
• Proficiency in Python coding and other general purpose programming languages (preferably Java)
• Proficiency in SAS for model validation and documentation.
• Understanding of algo/e-trading models from a quantitative development, technology, trading or model validation perspective
• Proven FX, Fixed Income or Equities product knowledge
• Strong communication skills and the ability to collaborate effectively with cross-functional teams (traders,…)
• Attention to detail and a commitment to maintaining the highest standards of model validation and compliance.
• Degree in Mathematics, Physics, Engineering, Computer Science, Statistics, Data Science, or Financial Engineering