Financial Risk Analyst - Model Risk & Capital Markets

Role Overview

BDO India is seeking a skilled Financial Risk Analyst with a focus on Model Risk and Capital Markets to join their growing risk advisory practice in Mumbai. This role involves working closely with clients and internal teams to assess, validate, and manage financial risk models used across capital markets, ensuring regulatory compliance and robust risk governance frameworks.

Key Responsibilities

Perform independent model validation and review of quantitative models used in capital markets, including pricing, valuation, and risk models
Conduct model risk assessments to identify conceptual soundness, implementation accuracy, and limitations
Support the development and enhancement of model risk management frameworks and governance policies
Analyze market risk, credit risk, and counterparty risk exposures across various financial instruments
Prepare detailed model validation reports and present findings to stakeholders
Collaborate with quantitative analysts, traders, and risk managers to ensure models align with business and regulatory requirements
Monitor regulatory developments (e.g., Basel, RBI guidelines) and assess their impact on model risk and capital requirements
Assist in stress testing, scenario analysis, and sensitivity analysis for capital markets portfolios

Requirements & Qualifications

Bachelor's or Master's degree in Finance, Mathematics, Statistics, Engineering, or a related quantitative field
Prior experience in model risk, financial risk analysis, or capital markets roles
Strong understanding of financial instruments including derivatives, fixed income, and structured products
Proficiency in quantitative modelling and statistical techniques
Experience with programming or analytical tools such as Python, R, MATLAB, or similar
Familiarity with regulatory frameworks such as Basel III/IV, FRTB, or similar capital markets regulations
Strong analytical, problem-solving, and communication skills
Relevant certifications such as FRM, CFA, or CQF are an advantage

About the Company

BDO India is the Indian member firm of the BDO global network and offers a comprehensive suite of professional services including audit, tax, advisory, and risk consulting. The firm serves clients across diverse industries, delivering tailored solutions in financial advisory, risk management, and regulatory compliance.