Senior Principal, Model Risk & Validation (Hybrid)

OCC; Chicago (IL); Hybrid; USD 111,000 - 156,000; Full time

Benefits offered by this job

Hybrid work environment

Up to 2 days remote per week

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

Generous PTO and Parental leave

401k Employer Match

Health benefits (medical, dental, and視

Job summary

The Options Clearing Corporation (OCC) is seeking a skilled Model Risk Management professional to analyze model risk spanning pricing, margin, liquidy, and stress testing. You will conduct independent reviews, design benchmark models, and develop model-testing tools using RStudio and SQuirrel SQL Client, ensuring robust validation and governance across risk teams.

Collaborating with CRO teams and data/technology staff, you will validate model performance, backtest portfolios, and assess

Qualifications

• Master’s degree in finance, financial engineering, financial mathematics, or related field.
• Two years of experience as a model risk management associate, quantitative risk management analyst, or related role.

Responsibilities

• Analyze model risk across pricing, margin, clearing fund, stress testing and liquidity models.
• Design and implement benchmark models and model-testing tools, including backtesting.
• Write and review validation documentation.
• Perform model performance testing, including portfolio back-testing using historical data.
• Communicate model risk analysis to CRO teams and collaborate with cross-functional departments.

Skills

Model risk analysis

Backtesting

RStudio

SQuirrel SQL

Monte Carlo

Education

Master’s degree in finance

Tools

RStudio

SQuirrel SQL

Job description

The Options Clearing Corporation (OCC) is seeking a skilled Model Risk Management professional to analyze model risk spanning pricing, margin, liquidy, and stress testing. You will conduct independent reviews, design benchmark models, and develop model-testing tools using RStudio and SQuirrel SQL Client, ensuring robust validation and governance across risk teams.

Collaborating with CRO teams and data/technology staff, you will validate model performance, backtest portfolios, and assess