Job Description: Senior Manager – Loan Trading Market Risk Model Location: New York, NY (Hybrid work flexibility) Position Summary: We are seeking a highly skilled and experienced Senior Manager to join our Market Risk Modeling team, focused on loan trading and fixed income products, particularly leveraged loans. This role will play a critical part in developing, enhancing, and validating pricing and risk models, ensuring compliance with regulatory standards, and supporting trading and risk management activities with robust modeling solutions. Key Responsibilities: <ul> <li>Lead the development, testing, and validation of pricing and market risk models for leveraged loans and other fixed income trading products.</li> <li>Apply advanced modeling techniques, including one-factor interest rate models (e.g., Hull-White), for accurate pricing and scenario analysis.</li> <li>Develop and maintain Profit and Loss (PnL) attribution frameworks, ensuring alignment with risk factors and trading desk expectations.</li> <li>Collaborate closely with risk management, model validation, front office, and quantitative research teams to ensure consistency and accuracy of model outputs.</li> <li>Conduct model sensitivity analysis (Greeks), Value at Risk (VaR) using historical simulation methods, and contribute to comprehensive model validation in accordance with SR 11-7 and other regulatory standards.</li> <li>Document model assumptions, calibration methods, implementation logic, and validation test results in line with internal and external audit expectations.</li> <li>Utilize Python and Numerix (or equivalent modeling platforms) for model development and backtesting.</li> <li>Prepare and deliver technical presentations and documentation for internal governance committees and regulatory reviews.</li> <li>Contribute to the ongoing improvement of the firm’s model risk management framework and practices.</li> </ul> Required Qualifications: <ul> <li>7–10 years of hands-on experience in developing and/or validating market risk models for trading book products, with a strong focus on leveraged loans.</li> <li>Proven expertise in pricing models, interest rate modeling, and PnL attribution techniques.</li> <li>In-depth knowledge of market risk metrics, including VaR, Greeks, and scenario analysis.</li> <li>Experience with Numerix or similar vendor-based quantitative libraries and modeling environments.</li> <li>Strong proficiency in Python for financial model development and testing.</li> <li>Advanced user of Excel, Word, and PowerPoint.</li> <li>Outstanding written and verbal communication skills with the ability to explain complex concepts to both technical and non-technical stakeholders.</li> <li>A collaborative mindset with a demonstrated ability to take initiative and deliver under pressure.</li> </ul> Education: Master’s or Ph.D. in a quantitative field such as Finance, Engineering, Physics, Mathematics, Statistics, Computer Science, or Quantitative Finance

NTT Data

Senior Manager, CIB

NTT Data