As a model validator, I can say this is exactly what we do, atleast on the credit side. Great video!!
@kajalverma8825 Жыл бұрын
Will you be able to share few details on this?
@user-aggarwalsajal099 ай бұрын
Hey Saurabh, Is it possible that you can share the generic validation documentation pdf with us?
@josephhigh2504 жыл бұрын
I'm a validator in Model Risk Management, and I approve this message.
@vardansimonyan9669 ай бұрын
I am a PhD candidate in Economics and I want to start working in the risk modelling type of jobs. I currently;y can choose among 2 positions: risk modeler and model validator. which one would you recommend for a better career and from the effort/benefits ratio point of view?
@nicolasjorquera8465Ай бұрын
Again, commented on ur video. U sir are a blessing!
@adityashankarfilm Жыл бұрын
Thanks for making this video - really appreciate it. A few questions come to mind: 1. How many models do you usually validate in a year? Are you concurrently working on multiple models? 2. What drives the number of model validator a bank needs? Is it their revenue, or the number of models, or...?
@user-do5vi8nw9qАй бұрын
3 more steps after validation of development code (validation of output, validation of implementation testing, ongoing performance monitoring)
@amj8644 жыл бұрын
Thanks for the super detailed video. Can you do a complete video on technical skills ? :D
@rajanshankar50854 жыл бұрын
Hey Dimitri, cheers for the detailed insight! I've had a question on my mind as of recently though: have you had any experience with Bayesian methods and probabilistic programming in finance? I'd love to hear your thoughts on this, as Bayesian methods appear to be quite powerful but just lack computational efficiency.
@sumitomoO0O Жыл бұрын
You work 7 hours per day. Check your employee manual, it specifically says lunch hour is not included. You work 40 hours a week per contract, but you get away with 35 hours. 9 to 5 is the easiest to hide your 35hours/week. Try doing 7am to 3pm and your management would immediately realize you have been slacking off 1 hour per day
@DimitriBianco Жыл бұрын
Lol, all I care is that the job gets done. We're salaries employees not hourly. I let my employees come and go whenever they want. I also don't track their lunches or hours.
@sumitomoO0O Жыл бұрын
@@DimitriBianco Yes, eventually that's right. I see people who is "on" all day and they do lousy work. I even saw somebody who installed programs that makes your mouse move on the screen just to look "on" in Skype
@saikiranhr3 жыл бұрын
Hi Dimitri Big fan of your videos. Can you please make a video on PD, LGD & EAD for credit risk? Thanks
@DimitriBianco3 жыл бұрын
I'll consider this however it would take a lot of time to create such videos. Credit risk could actually be an entire KZbin channel.
@x3vanessaax3 Жыл бұрын
Amazing video!
@xxxfengjiawei Жыл бұрын
I really want to say thank you for the super deatiled-video introducing the daily work as a model validator! I do also wan to learn about the typical exit options as a MV. Are there any possibilities that a model validator can jump to the front office in order to gain more insights about the market and business?
@DimitriBianco Жыл бұрын
For the banking side it is common to jump to Model Development which would be considered front line. Many validators actually start in Model Development and move to validation later on.
@xxxfengjiawei Жыл бұрын
@@DimitriBianco Thank you so much for your reply! It really helps me a lot! I also do want to ask is it possible to transfer to other divisions in the banking such as the investment division, sales&trading or the asset management?
@DimitriBianco Жыл бұрын
@@xxxfengjiawei from a modeling perspective yes. If you are trying to switch from say building trading models to working as an investment banker, the switch can be tough.
@xxxfengjiawei Жыл бұрын
@@DimitriBianco I really want to say thank you so much for your informailn. Model validation is definitely a good job. But as a young-aged person, I still want to be exposed more in the front office. Thank you so much and hope that I could have the chance to move to the front office soon~😁
@randybrickson42904 жыл бұрын
hey Dimitri, could you do a video showing what a high-quality model validator resume looks like? Not your resume, but a mock resume showing elements, layout, presentation, et cetera. For instance, how would the resume best demonstrate programming skills, work experience, education and certifications. Less important (but not inconsequential) topics: one page versus two pages, font/size/margins and so on. The resume books I browsed at the public library all have lame or uninformative examples.
@DimitriBianco4 жыл бұрын
I'm actually working on a book about quant finance job hunting. If you contact me on LinkedIn I can send you a mock resume to look at.
@hungcapitalll4 жыл бұрын
Hey dimitri, I love your videos, theyre very informative. Question though: im currently a finance student in a no name school. My goal is simply to be marketable going into my masters. Im working on landing an internship right now for about 6 months. Would you recommend a masters in finance vs MBA? Which is provides more utility in a broad sense. Next question is tied to first-> what does a masters in finance focus on vs an MBA? Is one discipline broad whereas the other is more focused? Which specialty serves best for banking/management. Not IB banking (i want a life)
@jimmy44734 жыл бұрын
There’s a video about this. Check it out!! Look it on his playlist
@gangaadhikari94914 жыл бұрын
First comment ;) I am currently a Statistics major with Data Science minor and I enjoy basic python but don't like the programming that I do at work as a software engineer intern, what role would you suggest for me? I am leaning towards BI analyst as I am into finance and business domain in general. Are there other roles that could possibly fit my interest?
@MrKnockout664 жыл бұрын
Data engineer maybe
@randybrickson42904 жыл бұрын
Chapeau!
@user-aggarwalsajal099 ай бұрын
Hey Dimitri, Can I get the generic validation document, it will be helpful for referencing.
@vardansimonyan9669 ай бұрын
I am a PhD candidate in Economics and I want to start working in the risk modelling type of jobs. I currently;y can choose among 2 positions: risk modeler and model validator. which one would you recommend for a better career and from the effort/benefits ratio point of view?
@leonjashari6764 Жыл бұрын
Great video sir, i have a question. Cab you change career then from model verification to developer in the same bank and is that hard?
@DimitriBianco Жыл бұрын
Yes. I've worked on both sides and have had offers to move internally.
@shukailu67314 жыл бұрын
I am recently moving into the validation team in my research institute, this makes me excited for the process! I especially love your habit on reading up during slow days. Do you think Risk Model Validation - Christian Meyer & Peter Quell would be a good starting book for someone moving into validation?
@johnmatthew_g4 жыл бұрын
I have an educational pathway sort of question. I'm transferring to uc berkeley studying data science undergrad and wanting to pursue MFE after. Is this a good path for a potential Quant?
@DimitriBianco4 жыл бұрын
It can be a good path as long as you get enough math and statistics.
@amj8644 жыл бұрын
Thanks for the super detailed video. Can you do a complete video on technical skills ? :D
@DimitriBianco4 жыл бұрын
I'll consider it. The issue is the skills vary depending on your role and company. Being able to read and understand technical papers and textbooksv quickly is a real advantage.