Senior Model Risk Analyst: Derivatives Model Validation

CFA Institute; Greater London; On-site; GBP 85,000 - 115,000; Full time

Job summary

ICE Clear Europe is seeking a Senior Model Risk Analyst to join its Model Risk Management team. This role validates and monitors pricing and risk models used in the clearing house, ensuring accuracy, robustness, and regulatory compliance.

The role covers end‑to‑end model risk assessment across initial margin, add-ons, and stress testing frameworks, with a focus on market, credit, and liquidity risk. It offers broad model exposure in a collaborative environment.

Qualifications

• Advanced degree (MSc/PhD) in Mathematics, Statistics, Quantitative Finance, or related field.
• 3+ years of experience in model validation, quantitative analysis, or risk analytics.
• Strong knowledge of market, credit, or liquidity risk frameworks.
• Proficiency in Python and SQL for data analysis.
• Solid understanding of option pricing theory and risk modelling techniques (VaR, Backtesting, Stress Testing).
• Excellent verbal and written communication skills.

Responsibilities

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

Skills

Quantitative analysis

Risk frameworks

Education

MSc/PhD in Mathematics, Statistics, Quantitative Finance, or related field

Tools

Python

SQL

Job description

ICE Clear Europe is seeking a Senior Model Risk Analyst to join its Model Risk Management team. This role validates and monitors pricing and risk models used in the clearing house, ensuring accuracy, robustness, and regulatory compliance.

The role covers end‑to‑end model risk assessment across initial margin, add-ons, and stress testing frameworks, with a focus on market, credit, and liquidity risk. It offers broad model exposure in a collaborative environment.