Director - Quantitative Analysis (- Banking - Treasury focus)- in Oracle India Development Center (IDC) - Bangalore

Job Description

Department Description                               
Are you a risk management professional with financial engineering experience in Asset Liability Management, Treasury or Credit Risk?  Do you enjoy working on a high-performance team to solve tough technical and analytical challenges? Our team is building powerful software to help financial services companies measure and manage their businesses. We want to transform how the industry does business, leveraging the newest technologies and the brightest minds. Join us and help realize this vision.
The Oracle Financial Services Global Business Unit is responsible for the development and marketing of industry specific profitability, risk management, regulatory compliance and budgeting and planning, business intelligence and data warehousing solutions.  As a key member of this team, you will help design, build and deliver the next generation of these vital business solutions for the Financial Services industry!
Brief Posting Description
The Director of Quantitative Analysis will be a key member of the team responsible for developing our next generation Enterprise Risk and Performance Applications.  Oracle has defined market leading applications for almost all major financial services analytical functions across risk, finance, and customer analytics.  We are looking for a Director, of Quantitative Analysis who will help us shape the future direction our Application Suite.   
In this role, you will be responsible for defining product requirements and coordinating, engineers, quality assurance, other product managers, to successfully deliver product to market.  At the core, the Director of Quantitative Analysis will be responsible building successful, state of the art quantitative models to be used in our applications.
Detailed Description
As a member of the Financial Services Global Business Unit division, you will be responsible for defining model requirements and documenting their results including the methodologies, conclusions, and recommendations.  You will promote the exchange of ideas and application of best practices in financial modeling strategies, and create and review design specifications,. You will communicate product/model strategy and functionality, initiate and foster relationships with other groups and review product documentation and collateral. Finally, you will ensure successful product releases based on corporate priorities.
Job Requirements
The duties and tasks of the position are varied and complex requiring independent judgment.  You must be fully competent in ALM and Liquidity Risk Management fundamentals, especially as they relate to valuation techniques, You will have a project lead role and may supervise lower level personnel.  A minimum of 5 years of model development, model validation, or hands on ALM experience at a bank is required.  A PhD and/or a graduate degree in Mathematics / Statistics, Finance or Economics with an equivalent number of years hands on experience preferred. CFA or FRM is a plus.
 
Desired Skills & Experience

Given this job description, we're looking for a Director of Quantitative Analysis with the following qualifications:
  - You must have a strong quantitative background with financial engineering experience.
  - You will need to perform robust proof of concepts for quantitative related projects: VaR, EaR, CFaR utilizing Historical, Variance-Covariance, and Monte Carlo Methods.
  - Hands on experience in developing and using single factor and multi-factor term structure models such as Hull White, Black Karasinski, and/or others.
  -  You must to possess good communication skills including the ability to translate complex computations into an understandable format.
  - You must have a strong grasp of current Asset Liability Management concepts needed to support the global financial services community.
  - Hands-on experience with one or more of the market leading ALM software applications currently available in the market, such as QRM or Bancware is a plus.
  - You should have a deep understanding of standard banking products, treasury instruments and derivative instruments commonly used by global banking firms
  - You should have a deep understanding of Interest Rate Risk Management measures and related calculations such as Market Value, Duration, Convexity, GAP, Stress Testing
  - Possess a clear understanding of the fundamentals of different statistical estimation methods, have hands-on experience working with data and an appreciation of practical data and estimation problems.
  - You should have Strong Statistical and PC skills, including Oracle Data Mining, SAS programming, SQL, and/or MATLAB (or similar)
  - Enthusiasm is critical.  It's important for you to demonstrate passion for your work and the motivation to solve hard problems.
  - A strong track record of achievement is critical. Be prepared to explain successful model development and implementations from previous endeavors.
  - You need to be highly detailed oriented and you need to love solving problems.  Our customers expect extremely high quality products.  We don’t believe that you can deliver great products without individuals who are passionate about getting each detail right.
  - You should be a team player and a good communicator.  Part of the job is about defining the right product and features.  The other part of the job is about communicating your ideas to the rest of the team.
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