Senior Model Risk Analyst – Validation & Stress Testing

Intercontinental Exchange (ICE); Greater London; On-site; GBP 75,000 - 110,000; Full time

Job summary

Intercontinental Exchange (ICE) Clear Europe seeks a Senior Model Risk Analyst to join the Model Risk Management team. The role validates and monitors pricing and risk models used by the clearing house, ensuring accuracy, robustness, and regulatory compliance across margin, add-ons, and stress testing.

You will assess market, credit, and liquidity risk, develop validation tools, and contribute to continuous model improvement within a collaborative, flat organization at the heart of financial

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.
• Understanding of option pricing theory and statistical risk modelling (VaR, Backtesting, Stress Testing).
• Excellent verbal and written communication skills.

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 risk-mitigating actions.
• Provide guidance on model usage and act as liaison for new models and changes.
• Review model change and calibration proposals.
• Stay updated on evolving market practices and regulatory requirements.
• Provide technical interpretations to regulatory text.
• Utilise programming skills to execute validation tasks and develop tools.

Skills

Python programming

Statistical analysis

Communication skills

Education

Master's/PhD in Mathematics, Statistics, Quantitative Finance

Tools

Python (NumPy, Pandas)

SQL

Job description

Intercontinental Exchange (ICE) Clear Europe seeks a Senior Model Risk Analyst to join the Model Risk Management team. The role validates and monitors pricing and risk models used by the clearing house, ensuring accuracy, robustness, and regulatory compliance across margin, add-ons, and stress testing.

You will assess market, credit, and liquidity risk, develop validation tools, and contribute to continuous model improvement within a collaborative, flat organization at the heart of financial