Senior Model Risk Analyst - Quant Validation Expert

CFA Institute; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

ICE Clear Europe (ICEU) is seeking a Senior Model Risk Analyst to join the Model Risk Management team within Risk Oversight. You will validate and monitor pricing and risk models across initial margin, add-ons, and stress testing, ensuring accuracy and regulatory compliance.

The role involves end-to-end risk assessment for market, credit, and liquidity risk, with exposure to diverse model frameworks in a leading clearing house 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 (NumPy, Pandas) and SQL for data analysis.

Responsibilities

• Conduct independent validation of risk and pricing models and review stress testing frameworks, including conceptual soundness, assumption reasonableness, and performance benchmarking.
• Document validation findings, communicate risks, and recommend improvements.
• Continuously monitor model performance, review first-line risk management monitoring approaches, and identify and drive model changes or 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 and develop tools for model testing and monitoring.

Skills

Python

SQL

Model validation

VaR/Stress Testing

Education

MSc/PhD in Mathematics, Statistics, Quantitative Finance

Tools

NumPy

Pandas

Job description

ICE Clear Europe (ICEU) is seeking a Senior Model Risk Analyst to join the Model Risk Management team within Risk Oversight. You will validate and monitor pricing and risk models across initial margin, add-ons, and stress testing, ensuring accuracy and regulatory compliance.

The role involves end-to-end risk assessment for market, credit, and liquidity risk, with exposure to diverse model frameworks in a leading clearing house environment.