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Quantitative Analyst - Pricing Model Validation

  • Location

    Zurich, Switzerland

  • Sector:

    Financial Services and Banking

  • Job type:


  • Salary:

    Competitive + Bonus

  • Contact:

    Charlie Morris

  • Contact email:

  • Salary high:


  • Salary low:


  • Published:

    4 months ago

  • Expiry date:


Market Risk & Product Control is focused on the trading and treasury activities of our client, an international private bank headquartered in Zurich. Daily risk calculations and limit adherence checks for the units carrying market risk together with independent compilations of profit and loss figures allow for a transparent and safe business environment that ensures ‘checks and balances. Reconciliations of positions, cash accounts, and profit and loss statements ensure data integrity across systems; parameter checks and model validation ensure proper and consistent valuations.

Within the Market Risk & Product Control department, the Model Validation & Trade Approval team is responsible for the validation and certification of the mathematical pricing models and provides trade approval for various trading products.


Participation in new product approval process including: risk assessment, requirements specification and ensuring that internal risk models are adequate

Validation and control of in-house developed pricing models for Equity and FX contracts

Development and implementation reference pricing models

Assessment of model risk based on model limitations and mathematical assumptions

Review quality of risk and stress information as well as independent price verification


Higher university degree in a quantitative area (Physics, Mathematics, Engineering, Quantitative Finance), Master or PhD level

At least 2-5 years experience in risk modelling

Experience in the trading environment (market risk, valuation control, model validation).

Deep knowledge of financial markets, products and their representation in trading systems

Strong background in quantitative finance (stochastic calculus, derivative pricing, differential equations, etc).

Programming knowledge, preferably Python, C++ and Java

Good language skills (German and English)

Team and customer-oriented personality

Self-driven, independent

Good communication skills