FRTB IMA Quant & Tech Consultant — Remote Hybrid

Energy Jobline ZR; Mundelein (IL); On-site; USD 130,000 - 180,000; Full time

Benefits offered by this job

Remote/hybrid work environment support

Job summary

BIP US Consulting seeks an experienced FRTB IMA Quantitative Risk & Technology Consultant to support a 2027 Internal Models Approach submission, focusing on Rates, FX and Credit desks. You will collaborate with quantitative strategists, risk, finance, front-office and regulatory teams to define IMA scope, remediation needs, and upgrade front-office risk and analytics platforms.

The role involves model validation, RFET enhancements, PLAT diagnostics, and regulatory documentation, with

Qualifications

• Strong experience with FRTB IMA, RFET, PLAT, backtesting, expected shortfall, risk-factor modellability and market risk capital frameworks.
• Background in Rates, FX, Credit, FICC, macro trading products or GSIB market risk environments.
• Experience working with quantitative analytics platforms, pricing models, market data, risk systems and front-to-back controls.
• Strong understanding of modellable and non-modellable risk factors, historical data requirements, sensitivity calculations and P&L attribution.
• Ability to assess complex products, illiquid instruments, volatility surfaces, yield curves, credit exposures and exotic payoffs.
• Experience with large-scale implementation programs involving risk, finance, front office, model validation, technology and regulatory teams.
• Strong documentation, stakeholder management, problem-solving and delivery skills.

Responsibilities

• Define and document IMA scope, milestones, dependencies and stakeholder engagement plans.
• Assess desk and product readiness across Rates, FX and Credit, prioritizing high-impact desks based on capital impact, ROI and implementation feasibility.
• Evaluate modellable and non-modellable risk factors, RFET coverage, historical data sufficiency and time-series quality.
• Review front-to-back trade coverage, booking consistency, risk-factor, model inputs/outputs and data reconciliation across front office, risk and finance.
• Analyze PLAT, backtesting results, unexplained P&L drivers and early indicators of IMA approval risk.
• Assess model assumptions, calibration, sensitivity calculations, parameter estimation, numerical implementation and configuration across asset classes.
• Analyze volatility surfaces, yield curves, FX and credit exposures, including illiquid, exotic and regional products.
• Identify NMRF risks for complex books, sparse data environments, EM volatilities, single-name liquidity, embedded options and exotic payoff structures.
• Develop remediation roadmaps with clear owners, dependencies, mitigating actions and delivery milestones.
• Support front-office risk and analytics implementation, including pricing and risk model integration, RFET enhancements, PLAT diagnostics, testing, release management and BAU runbooks.
• Prepare model validation, audit and regulatory documentation, leveraging automation and GenAI where appropriate.
• Support reporting automation, regulatory submission evidence, audit trails, jurisdictional parameterization and infrastructure performance optimization.

Skills

FRTB IMA

RFET

PLAT

Backtesting

Expected shortfall

Risk factor modellability

Market risk capital

Regulatory submissions

Documentation

Tools

Python

SQL

Data pipelines

GenAI documentation

Job description

BIP US Consulting seeks an experienced FRTB IMA Quantitative Risk & Technology Consultant to support a 2027 Internal Models Approach submission, focusing on Rates, FX and Credit desks. You will collaborate with quantitative strategists, risk, finance, front-office and regulatory teams to define IMA scope, remediation needs, and upgrade front-office risk and analytics platforms.

The role involves model validation, RFET enhancements, PLAT diagnostics, and regulatory documentation, with