7 Stochastic Modeling Jobs

You are a skilled Principal Data Scientist with 10-13 years of experience in developing enterprise-grade optimization solutions. Your expertise lies in mathematical optimization, Python programming, and bridging the gap between technical and business teams. You will be responsible for leading the design and deployment of scalable optimization engines to solve complex business problems across various domains. Key Responsibilities: - Design & Development: Architect and implement optimization models (LP, MILP, CP, metaheuristics) using solvers like Gurobi, CPLEX, or open-source equivalents. - Platform Building: Lead the design and development of optimization-as-a-service platforms with modular,...

We are looking for a talented and dynamic individual to join our Catastrophe Modelling team at Marsh Mc Lennan. This role is based in Mumbai/Gurgaon This is a hybrid role that has a requirement of working at least two days a week in the office. We will count on you to: Be the Single point of contact for a specific region or product or line of business Needs to manage large/complex clients with ability to understand all the intricacies of the client requirements Conduct checks and edits on client-supplied data. Produce a detailed exposure profiling. Run catastrophe analyses using (not limited to) RMS, AIR and RQE / commercially available vendor models to estimate potential cat losses Develop ...

As a member of the Internal Audit Model Risk team, you will be responsible for the execution of audits related to model risk management . This requires effective time management and adherence to the department's internal audit methodology. You will support the project manager in defining and executing the audit scope through walkthroughs and discussions with various modeling and model validation teams. Furthermore, you will present and discuss audit findings with both local and global management within the firm. Specific Responsibilities Develop and maintain an in-depth technical knowledge of modeling encompassing both theory and coding. Critically review models , including their conceptual ...

Perform validation and approval of the firm's models by verifying conceptual soundness, methodology, and implementation, and by identifying limitations and uncertainties Assess and quantify model risk by developing alternative benchmark models Oversee monitoring of ongoing model performance Communicate validation outcomes to key stakeholders and management SKILLS AND RELEVANT EXPERIENCE Excellent quantitative problem solving skills Experience in stochastic modeling, numerical simulation, and data analysis Machine learning knowledge Good communication skills with the ability to explain complex problems in a simple way Eagerness and ability to learn new technologies and programming languages E...

This business is ideal for collaborative individuals who have strong ethics and attention to detail. Whether assessing the creditworthiness of the firm s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm s success. The MRM group looks for people with strong quantitative and technical backgrounds and a strong interest in financial markets. We seek bright and dynamic individuals with a degree in quantitative fields such as math, physics, engineering, computer science, or financial engineering. RESPONSIBILITIES Perform validation and approval of the firm s models by veri...

The Risk Business identifies, monitors, evaluates, and manages the firm s financial and non-financial risks in support of the firm s Risk Appetite Statement and the firm s strategic plan. Operating in a fast paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence. BUSINESS UNIT : The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Warsaw, Hong Kong, and Bangalore. The MRM group is responsible for independent oversight of Model Risk at the firm, ensuring...

We are looking for a talented and dynamic individual to join our Catastrophe Modelling team at Guy Carpenter. This role is based in Mumbai. This is a hybrid role that has a requirement of working at least two days a week in the office. We will count on you to: Be the Single point of contact for a specific region or product or line of business Needs to manage large/complex clients with ability to understand all the intricacies of the client requirements Conduct checks and edits on client-supplied data. Produce a detailed exposure profiling. Run catastrophe analyses using (not limited to) RMS, AIR and RQE / commercially available vendor models to estimate potential cat losses Develop in-depth ...