Senior Model Risk Analyst - Derivatives & Clearing

NCSL International; Greater London; Hybrid; GBP 90,000 - 125,000; Full time

Job summary

ICE Clear Europe is seeking a Senior Model Risk Analyst to join the Model Risk Management team. You will validate and monitor pricing and risk models used by the clearing house, ensuring accuracy, robustness, and regulatory compliance across initial margin, add-ons, and stress testing within market, credit, and liquidity risk.

This role requires independent validation, documenting findings, and driving model changes, with collaboration across risk and front-office teams.

Qualifications

• Advanced degree (MSc/PhD) in Mathematics, Statistics, Quantitative Finance, or related field.
• Experience in model validation, quantitative analysis, or risk analytics.
• Strong knowledge of market, credit, or liquidity risk frameworks.
• Proficiency in Python (NumPy, Pandas) and SQL for data analysis.
• Solid understanding of option pricing theory and statistical risk modelling techniques.

Responsibilities

• Conduct independent validation of risk and pricing models and review stress testing frameworks.
• Document validation findings, communicate risks, and recommend improvements.
• Continuously monitor model performance and drive model changes or risk mitigating actions.
• Provide guidance on model usage and act as a key stakeholder liaison for new models.
• Review model change and calibration proposals.
• Stay updated on evolving market practices, regulatory requirements, and quantitative methodologies.
• Provide technical interpretations to regulatory text.
• Utilise programming skills to execute validation tasks and develop tools for model testing and monitoring.

Skills

Python

SQL

Model validation

Data analysis

Risk analytics

Communication

Education

MSc/PhD in quantitative field

Tools

NumPy

Pandas

SQL

Job description

ICE Clear Europe is seeking a Senior Model Risk Analyst to join the Model Risk Management team. You will validate and monitor pricing and risk models used by the clearing house, ensuring accuracy, robustness, and regulatory compliance across initial margin, add-ons, and stress testing within market, credit, and liquidity risk.

This role requires independent validation, documenting findings, and driving model changes, with collaboration across risk and front-office teams.