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Risk / Model Validation

Checks risk and models at banks, with interviews on statistics and finance.

The interview process

  1. 1Test or video interviewOnline · no reliable public figureA first filter before the technical rounds.
  2. 2Technical roundsVideo or on site · no reliable public figureValue at risk and expected shortfall, Greeks, the limits of a model.
  3. 3Final roundOn site · several interviews with senior staffStress tests, regulation, and naming the weak points of a model.

Rounds no reliable public figureTotal no reliable public figure

Difficulty4/5

My difficulty rating, based on public candidate reports, for the firms where this role is most common. 1 is easy, 5 is hard.

Question categories

Sorted by how often they come up for this role, my own estimate from public reports.

01StatisticsVery commonEasy7Medium6Hard602Finance TechnicalsVery commonEasy5Medium5Hard503ProbabilityCommonEasy7Medium7Hard704Coding (Python)CommonEasy6Medium6Hard605BehavioralCommonEasy5Medium5Hard506Questions about your projectsCommonEasy5Medium5Hard507BrainteasersSometimesEasy7Medium6Hard608Stochastic CalculusSometimesEasy5Medium5Hard509Mental MathRarePractice generator10Market Making and Betting GamesRareEasy6Medium6Hard6
All roles