Contract Model Validation Quant - XVA/CVA

Job Title: Model Validation Quant (CVA/XVA)

Location: London
Contract Type: Inside IR35

Role Overview:
We are seeking a highly skilled Model Validation Quant to join a Model Risk team, with the ability to contribute from day one. The role will focus on validating a backlog of models and supporting the implementation of new CVA models.

Key Responsibilities:

• Validate existing CCR/CVA/XVA models and ensure alignment with risk and regulatory standards.

• Support the development and implementation of new CVA models.

• Collaborate with the Model Risk team to maintain and update the book of model validations.

• Provide guidance and insights based on experience with risk models and XVA frameworks.

Required Experience & Skills:

• Strong experience in XVA, CCR or CVA modelling

• Proficiency in Python (mandatory); C++ is useful but not required.

• Familiarity with risk models, including PFE (simulation/Monte Carlo), XVA (American Monte Carlo), and VAR (historical simulation and pricing).

• Proven track record of working in a similar context; able to contribute immediately.