About the role

We have a fantastic opportunity for a highly motivated and ambitious professional with 2 to 8 years of relevant work experience to join our Credit Risk - Model Development/ Model Risk Management team at Qfin, based in Nicosia, Cyprus.

You will work alongside Quant Analysts/Developers and Financial Engineers from the first and second line of defence on Credit Risk models from an accounting (IFRS 9), capital (IRB) and regulatory stress testing perspective. We are looking for individuals with professional experience, a genuine interest in Model Development and Model Risk Management with a particular focus in developing, validating and auditing Credit Risk models.

Your day to day activities as a Senior Associate/ Manager in the Credit Risk - Model Risk Management team will include:

Performing validation of Credit Risk models by verifying conceptual soundness, methodology and implementation, and identifying applicable model limitations and uncertainties
Developing or enhancing existing Credit risk models
Ensuring compliance with recent regulatory requirements
Documenting model methodologies and assumptions
Performing back/stress testing and assessing the results to ensure transparency and compliance

Essential Skills and Experience

Bachelor's degree (at least 2:1 grade or equivalent), Masters or PhD in Mathematics, Engineering, Physics or Quantitative Finance
At least 2 years of work experience in a Credit Risk Management / Model Validation / Model Development role
Strong problem solving, analytical skills and attention to detail but tempered with an ability to think laterally
Excellent communication skills and the ability to present complex issues in a clear and articulate way to a non-technical audience
Ability to thrive in a fast-paced environment by having excellent multitasking skills, be able to manage different priorities simultaneously and work under time pressure
Ability to balance detailed day-to-day activities and higher level, longer term activities and objectives
Awareness of key Regulatory Directives addressing Credit Risk
Team player with strong interpersonal skills

About the company

Qfin’s core offerings include financial instrument and business valuation services. Our company was founded in 2019 in Nicosia, Cyprus and has been growing strongly since. We have expanded geographically by opening an office in Greece and into new markets by adding data science and AI to our services offering.

Qfin provides business valuation, financial instrument valuation, valuation governance advisory and model support services to our clients. We value financial instruments such as liquid traded shares and bonds through to complex derivatives along with the related valuation adjustments. Our team engages in projects that involve Pricing, Market and Credit Risk model design, implementation, documentation, validation, model governance for both traditional financial models and AI models for a broad spectrum of end clients from corporates to insurers, asset managers and Tier 1 investment banks.

What we offer

Competitive salary and discretionary bonus
Potential for fast career progression
Flexible working arrangements from our base in Nicosia, Cyprus
Critical illness health insurance
Pension fund
Sponsorship of the Chartered Financial Analyst (CFA) qualification or Financial Risk Manager (FRM) certification (if desirable and applicable)

At Qfin, we seek to attract and employ exceptional people from a global talent pool. Our people are at the forefront of everything we do – solving problems and creating value for our clients. We encourage inclusiveness and are proud of our flexible, caring and supportive work culture.

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Credit Risk - Model Risk Management - Experienced Senior Associate/Manager

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