Model Risk Policy & Validation Analyst

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

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.