Model Risk Analyst: Quantitative Validation & Insights

Rekruitd; Illinois; On-site; USD 95,000 - 160,000; Full time

Job summary

REKRUITD is seeking a Quantitative Model Risk Analyst to provide independent oversight of models used in banking and risk functions. You will review design, data, and performance, challenge results, and communicate findings to stakeholders. Strong Python skills and a quantitative advanced degree are required.

This full-time role in Illinois offers exposure to lending, credit risk, regulatory compliance, and other financial models, with opportunities to advance in model governance and automation.

Qualifications

• 1–3 years of experience in quantitative analysis, model validation or related fields.
• Hands-on experience with financial services models and data analysis.
• Advanced degree in a highly quantitative discipline required.

Responsibilities

• Review and validate quantitative models and methodologies across banking and risk functions.
• Assess design, data, calculations, controls and ongoing performance of models.
• Ch allenge model results with independent analysis and document conclusions.
• Perform quantitative testing and develop approaches to evaluate accuracy and stability.
• Collaborate with model developers, risk stakeholders, and business teams.
• Contribute to model governance, reporting, and regulatory support.
• Identify opportunities to improve validation processes and tooling.

Skills

Quantitative analysis

Model validation

Data science

Python

Strong communication

Education

Master's degree or PhD in Mathematics/Statistics/Economics or similar

Tools

Python

Job description

REKRUITD is seeking a Quantitative Model Risk Analyst to provide independent oversight of models used in banking and risk functions. You will review design, data, and performance, challenge results, and communicate findings to stakeholders. Strong Python skills and a quantitative advanced degree are required.

This full-time role in Illinois offers exposure to lending, credit risk, regulatory compliance, and other financial models, with opportunities to advance in model governance and automation.