Hybrid Model Risk & Validation Analyst

CME Chicago Mercantile Exchange Inc.; Chicago (IL); Hybrid; USD 98,000 - 135,000; Full time

Benefits offered by this job

Health benefits

401(k) + Pension

Education reimbursement

Paid time off

Mental health benefit

Equity program

Job summary

CME Group is seeking a Financial Risk Specialist to support day-to-day model risk management, validation, and policy drafting in a hybrid work setting. You will maintain the model inventory and collaborate with validators and developers on remediation efforts.

The role requires a Master’s in a quantitative field and 2+ years in financial risk; expected salary ranges from $97,739 to $135,100 per year with a strong benefits program.

Qualifications

• Master’s degree required in Financial Math, Financial Engineering, or related quantitative field.
• 2+ years of experience as a Financial Risk Specialist or related occupation.
• Experience with risk management tools and validation techniques.

Responsibilities

• Support day-to-day implementation of model risk management practices and validation processes.
• Draft model risk management policies and procedures.
• Refine and maintain the model inventory and respond to third-party inquiries.

Skills

Model risk management

VaR analysis

Stress testing

Scenario analysis

Data analysis

Education

Master’s degree in Financial Math/Financial Engineering or related quantitative field

Tools

C++

C#

Java

Python

SQL

Job description

CME Group is seeking a Financial Risk Specialist to support day-to-day model risk management, validation, and policy drafting in a hybrid work setting. You will maintain the model inventory and collaborate with validators and developers on remediation efforts.

The role requires a Master’s in a quantitative field and 2+ years in financial risk; expected salary ranges from $97,739 to $135,100 per year with a strong benefits program.