Senior Manager, Model Risk Management (FTC)

LSEG (London Stock Exchange Group); City Of London; On-site; GBP 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Senior Manager in Model Risk Management to lead model validation efforts across various asset classes. This role is pivotal in ensuring the integrity and reliability of pricing and risk models, supporting a diverse range of financial products. As part of a collaborative team, you will engage in critical assessments, communicate key risks to senior management, and contribute to the development of junior team members. Join a forward-thinking organization that values integrity, excellence, and innovation, where your expertise will help shape the future of financial markets.

Benefits

Healthcare

Retirement Planning

Paid Volunteering Days

Wellbeing Initiatives

Qualifications

• PhD or MS degree in relevant fields required.
• Extensive experience in model validation or risk quant roles.

Responsibilities

• Lead model validation for pricing and initial margin models.
• Assess risks and document findings in validation reports.

Skills

Applied Mathematics

Model Validation

Python

R

C/C++

Statistical Analysis

Risk Management

Education

PhD in Applied Mathematics

MS in Finance

Tools

Statistical Software

Job description

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About Us:

LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a dedication to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services – and our open-access model – we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.

About Us:

LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a dedication to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services – and our open-access model – we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.

LSEG is headquartered in the United Kingdom, with significant operations in over 60 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific.

Our People

People are at the heart of what we do and drive the success of our business. Our values of Integrity, Partnership, Excellence and Change shape how we think, how we do things and how we help our people fulfil their potential. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We break down barriers and encourage teamwork, enabling innovation and rapid development of solutions that make a difference. Our workplace generates an enriching and rewarding experience for our people and customers alike. Our vision is to build an inclusive culture in which everyone feels encouraged to fulfil their potential.

We know that real personal growth cannot be achieved by simply climbing a career ladder – which is why we encourage and enable a wealth of avenues and interesting opportunities for everyone to broaden and deepen their skills and expertise. As a global organisation spanning over 60 countries and one rooted in a culture of growth, opportunity, diversity and innovation, LSEG is a place where everyone can grow, develop and fulfil your potential with meaningful careers.

The Role;

As the Group’s operations grow in footprint and complexity, Group Risk is expanding its Model Risk Management Validation function. LSEG’s Model Risk has oversight of a diverse array of model types across all asset classes. For the term of the contract, Senior Manager will work on conducting the validation and independent review of Pricing and Risk models across LSEG to provide independent assurance that the covered models are fit for purpose. Key areas of coverage are:

• Pricing suite of models across multiple asset classes with focus on Equity/FX/Commodity within Post Trade (Solutions – Acadia), D&A (Price-It library)
• Margining suite of models for Post Trade (LCH Ltd and LCH SA)
  
  

Tasks / Responsibilities

• Model validation lead with focus on Pricing (Equity/FX/Commodities focus) and Initial Margin models
• Lead pricing model validation underlying key libraries,
• Review and validate models and products across Post Trade (Solutions – Acadia, LCH Ltd and LCH SA – Margining) and D&A (Price-It library).
• Assess mathematical and technical considerations in models and quantitative methods,
• Identify and escalate risks and issues in the assessed models,
• Effectively document the testing and conclusions (validation report that includes the issues)
  
  

Development of the Junior Quant Team

• Support model specific knowledge build-up,
• Provide oversight of the validation progress for the assigned projects.
  
  

Model management

• Support all work related to pricing and initial margin models for senior Committees,
• Communicate to senior management key risks identified as part of the validation.
  
  

Model governance support

• Liaise with Pricing/Post Trade senior mgmt. and senior Pricing/Post Trade developers on validation-related topics for models covered,
  
  

Assess and quantify effective controls, ensure adequate testing that certifies closure of issues by the business.

Skills / Experience

• PhD or MS degree in Applied Mathematics, Finance, Statistics, Physics, Engineering or similar years’ experience in a Model Validation, Front Office Quant, or Risk Quant role in Equity, FX or Commodity products,
• Extensive quant experience with pricing or market risk models,
• Good coding skills within a professional environment (Python, R, C/C++),
• Knowledge of initial margin or value at risk / expected shortfall models and CCP regulatory environment,
• Theoretical understanding and familiarity with Equity, FX or Commodity pricing models,
• Strong analytical and problem-solving skills, good attention to detail, solid writing skills,
• Consistently delivers on commitments and has a collaborative mindset.
  
  

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.

If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  IT Services and IT Consulting and Financial Services

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