Model Validation

Model Validation page is loaded## Model Validationlocations:
MUFG Global Service Private Ltd.

- Bengaluru (BCIT) time type:
Full time posted on:
Posted Todaytime left to apply:
End Date:
December 31, 2025 (11 days left to apply) job requisition :
-WDDiscover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

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Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
** About the Role
*
* Position Title:

Model Validation Corporate

Title:

Analyst / Assistant Vice President
Reporting to:
Head of Model Risk Management

Location:

Bengaluru                          
** Job Profile
** Enterprise Risk Management (ERM) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk governance framework across MUFG EMEA, and providing a holistic view of the risks facing MUFG in EMEA, including environmental and social risk management.

The Model Risk Management (MRM) within ERM is responsible for model governance and the validation of models used by MUFG in EMEA. This includes, among others, risk models which are used for risk measurement and decision-making purposes. MRM works closely with Risk Analytics and Front Office quants to ensure that all risk models are validated on a periodic basis as well as at inception and changes.

MRM provides regular model risk reporting to model oversight committees and the Board.
** Position details
**** Purpose of the role:
** Independent model validation of quantitative methodologies, both initial and periodic, across all asset classes and model types (derivative pricing models, credit and market risk, capital models, AI models, etc. ) and in line with regulatory requirements and industry best practice. The validation regularly requires an independent implementation of the models and the implementation of alternative challenger models.
** Roles and Responsibilities
*** Initial and periodic validation of quant models
* Designing, modelling and prototyping challenger models
* Quantitative analysis and review of model frameworks, assumptions, data, and results
* Testing models numerical implementations and reviewing documentations
* Checking the adherence to governance requirements
* Documentation of findings in validation reports, including raising recommendations for model improvements
* Ensuring models are validated in line with regulatory requirements and industry best practice.
* Tracking remediation of validation recommendations
** Job Requirements
**** Experience : 0 to 7 years
** Essential:
* At least a first relevant experience in quantitative modelling (model development or validation) in one or more of these topics:  + Market risk models  + Counter party credit risk models  + Derivatives pricing models  + Corporate credit risk models (IRB, PD/LGD/EAD)
Optional:
* Capital models (Economic/Regulatory)
*
* Competencies:

** Essential:
* Good background in Math and Probability theory - applied to finance.
* Good knowledge of Data Science and Statistical inference techniques.
* Good understanding of financial products.
* Good programming level in Python or R or equivalent.
* Good knowledge of simulation and numerical methods
* Awareness of latest technical developments in financial mathematics, pricing, and risk modelling

Beneficial:
* Experience with C++ or C# or equivalent

Optional:
* Experience with AI models
* Up-to-date knowledge of regulatory capital requirements for market and credit risk
** Education :
*** A Postgraduate degree in a quantitative discipline (e.g., statistics, mathematics, mathematical finance, econometrics)
** Personal requirements
*** Strong problem solving skills.
* Strong numerical skills
* A structured and logical approach to work
* Excellent attention to detail
* Excellent written and oral communication skills
* Ability to clearly explain technical matters.
* A pro-active, motivated approach

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.
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