Model Risk Manager - Intercontinental Exchange

Jobs via eFinancialCareers; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

ICE Clear Europe is looking for a Quantitative Risk Manager to oversee the validation and monitoring of risk models within the clearing house. The role involves comprehensive model risk assessment and offers an engaging environment for technical experts seeking to navigate regulatory standards and improve model performance. Candidates should have strong academic backgrounds and extensive experience in model validation and quantitative risk analysis. This is an exciting opportunity for professionals eager to contribute to a critical area of finance within a collaborative team.

Qualifications

• MSc or PhD in Mathematics, Statistics, Quantitative Finance or related fields.
• Extensive experience in model validation and quantitative analysis.
• Proficiency in Python and SQL for data analysis.

Responsibilities

• Conduct validation of risk and pricing models including stress testing.
• Monitor model performance and document validation findings.
• Guide model usage and act as liaison for new models.

Skills

Model validation

Quantitative analysis

Risk analytics

Python

SQL

Communication skills

Education

Degree (MSc/PhD) in Mathematics, Statistics, or Quantitative Finance

Job description

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Job Purpose

ICE Clear Europe is seeking a Quantitative Risk Manager to join its Model Risk Management team. This role is responsible for validating and monitoring risk models used in the clearing house, ensuring their accuracy, robustness, and compliance with regulatory standards. The position involves end-to-end model risk assessment across initial margin, add-ons, and stress testing frameworks, with a focus on market, credit, and liquidity risk. This is an exciting opportunity for a technical expert looking for broader model and management exposure in a collaborative and flat organizational structure.

Job Purpose

ICE Clear Europe is seeking a Quantitative Risk Manager to join its Model Risk Management team. This role is responsible for validating and monitoring risk models used in the clearing house, ensuring their accuracy, robustness, and compliance with regulatory standards. The position involves end-to-end model risk assessment across initial margin, add-ons, and stress testing frameworks, with a focus on market, credit, and liquidity risk. This is an exciting opportunity for a technical expert looking for broader model and management exposure in a collaborative and flat organizational structure.

Responsibilities

• Conduct independent validation of risk and pricing models and review of stress testing frameworks, including conceptual soundness, assumption reasonableness, and performance benchmarking.
• Continuously monitor model performance and review first-line risk management monitoring approaches.
• Document validation findings, communicate risks, and recommend improvements.
• Provide guidance on model usage and act as a key stakeholder liaison for new models and changes.
• Stay updated on evolving market practices, regulatory requirements, and quantitative methodologies.
• Mentor and support junior team members.
  
  
  

Knowledge And Experience

• Degree (MSc/PhD preferred) in Mathematics, Statistics, Quantitative Finance, or related field.
• Extensive experience in model validation, quantitative analysis, or risk analytics.
• Strong knowledge of market, credit, and liquidity risk frameworks.
• Proficiency in Python (NumPy, Pandas, etc.) and SQL for data analysis.
• Strong understanding of option pricing theory and statistical risk modelling techniques (VaR, Backtesting, Stress Testing).
• Excellent verbal and written communication skills.
  
  
  

Preferred

• Industry certifications (PRM, FRM, CFA).
• Experience in a clearing house, trading firm, or similar financial institution.
• Familiarity with SR 11-7 model risk guidelines and exchange-traded derivatives.
  
  
  

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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