Model Risk Management & Validation Policy Analyst (Multiple Openings)

CME Group; Chicago (IL); Hybrid; USD 98.000 - 135.000; Vollzeit

Zusammenfassung

CME Group in Chicago seeks a professional to support day-to-day implementation of model risk management practices, incl. validation processes and review of model changes. The role involves drafting policies, maintaining the model inventory, and coordinating with third-party validators.

The position supports remediation activities with model developers and users, and develops knowledge of CME Group's risk models and best practices in model risk management.

Qualifikationen

• Master's degree in Financial Math, Financial Engineering, or related quantitative field.

Aufgaben

• Support day-to-day implementation of model risk management practices, including internal and third-party model validation processes and review of model changes.
• Assist in drafting model risk management policies and procedures.
• Refine and maintain the model inventory.
• Collaborate with third-party validators to respond to inquiries and review findings for severity and accuracy.
• Assist in review and oversight of validation responses and remediation activities with developers and users.
• Develop knowledge of CME Group's risk models and best practices in model risk management.

Kenntnisse

C++

C#

Java

Python

Model risk practices

Validation tools

Financial markets knowledge

Risk methods (VaR, stress testing)

Database queries

Ausbildung

Master's degree in Financial Math/Financial Engineering

Jobbeschreibung

Support the day-to-day implementation of the model risk management practices, including the internal and third-party model validation processes and review model changes. Support the drafting of model risk management policies and procedures. Refine and maintain the model inventory. Work with third-party validators to respond to their inquiries and review identified findings for severity and accuracy. Support the review and oversight of model validation responses and related remediation activities by working with model developers and users. Develop knowledge of CME Clearing's risk models and best practices in model risk management.

MINIMUM REQUIREMENTS Master's degree in Financial Math, Financial Engineering, or a related quantitative field and 24 months of experience as a Financial Risk Specialists or related occupation.

Must have two (2) years of experience with/in:

• Programming languages, including at least one of the following: C++, C#, Java, or Python;
• Utilizing model risk management best practices, including building validation tools;
• Knowledge of financial markets and derivatives products, including risk management methods (e.g., VaR scenario analysis);
• Exercising risk management methods (including value-at-risk, stress testing, and scenario analysis);
• Developing database queries and scripts for data analysis.

Must have one (1) year of experience with/in:

• Working at a bank, major financial institution, or as a management consultant for the financial services industry.

Telecommuting permitted on a hybrid schedule as determined by the employer.

SALARY: $97,739 - $135,100.00 per Year.

The pay range for this role is $81,100-$135,100.

From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued.

As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes foreign exchange energy agricultural products and metals.

We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world.

For U.S. employment, CME Group is legally required to validate a new hire’s employment eligibility by having them complete an Employment Eligibility Verification (Form I-9) companied with legally acceptable proof of identity and work authorization (as listed on the Form I-9).

CME Group uses E-Verify, which is an online system operated by the U.S. Department of Homeland Security in partnership with the Social Security Administration to verify employment eligibility and validate social security numbers.

Through participation in the E-Verify program, information entered on Form I-9 will be provided and compared to information available at both of these agencies.

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