Bijay Kumar Naik

Background

About Bijay Kumar Naik

I am a Senior Consultant in the Market Risk team at EY’s London office. I bring over three years of specialized experience in Derivatives Pricing, Counterparty Credit Risk (CCR)/ Market Risk modeling. At EY, I collaborate closely with front office quantitative and risk teams of global investment banks, providing critical support during validation cycles. My experience also involves PRA Model Risk S166 review of IMM models for a top-tier global investment bank, where I managed pricing, simulation, and calibration-based UAT test cases.I hold an MSc in Finance from EDHEC Business School, and a dual degree (BTech + MTech) in Mining Engineering from the Indian Institute of Technology, Kharagpur.Before joining EY, I was a futures trader at OSTC, actively trading STIRS futures (Short Sterling, Euribor), soft commodities, metals, and energy products across UK and European markets. My trading approach involved sophisticated hedged strategies such as butterflies and condors, informed by: • Fundamental analysis (supply/demand, political and weather news) • Technical analysis of short, medium, and long-term trends • Macro data releases and fiscal policy impacts • Market correlationsDriven by a passion for mastering derivatives and quantitative finance, I pursued advanced studies at EDHEC. Throughout my academic and professional journey, I have gained hands-on experience in option pricing, historical simulation VaR computation, portfolio return analysis, and portfolio allocation strategies. I leverage my technical skills to enhance efficiency through automation using Python, VBA, and Excel. Contact: E-mail: bijaykumarnaik1992@gmail.com