Randstad is the global leader in HR services. We know how important work is in a person's life and we put all our energy into helping you find the right one for you. A job in which you will flourish and which will allow you to develop your full potential.
We are currently looking for, for one of our clients located in Luxembourg:
Quantitative Modeler (M/F)
Responsibilities:
· Develop and implement quantitative risk models to measure, monitor and manage financial risk and capital.
· Gain an in-depth understanding of the business and risk processes that are in place.
· Infer therefrom the requirements that the quantitative models should adhere to.
· Translate those requirements into mathematical formulations that are in line with the theories and practices from the literature and best market practices.
· Implement these formulations in a prototype using a programming language to demonstrate their viability and performance.
· Provide guidance to the IT staff for implementation of the model in robust production IT systems.
· Carry out all essential tasks across the model's lifecycle in line with model risk management policies and procedures (like monitoring the models’ predictive performance, preparing and maintaining the relevant documentation, etc.).
· Where needed, provide guidance to the users when they operate the models in their daily operations.
Profile sought:
· Possess strong quantitative modeling skills (including programming), combined with a strong knowledge and experience in financial risk management.
· Be able to communicate effectively with a wide range of stakeholders.
· University degree in a quantitative field, preferably at postgraduate level, in Economics, Finance, Actuarial Science, Mathematics, Statistics, Physics or related subjects.
· At least five (5) years of relevant post-graduation professional experience (after obtaining your initial university diploma) - or postgraduate academic experience - in quantitative modeling of financial products and/or financial risk modeling and programming (e.g., in Python, Matlab, etc.).
· Excellent knowledge of English, both oral and written, with good drafting skills.
Randstad attaches great importance to equal opportunities. We recruit candidates on the basis of their skills, regardless of age, sexual orientation, nationality, religious beliefs, gender, disability, etc.
Ready to take up this new challenge? Do not hesitate to apply for this offer. We can't wait to get to know you!