Lead Quantitative Risk Analyst for Model Governance
1 day ago
Job Overview
We are seeking a seasoned Senior Model Risk Analyst to join our team at Network Recruitment. As a key member of our Quant Risk team, you will play a pivotal role in ensuring the integrity and accuracy of our models.
Salary: £70,000 - £90,000 per annum
About the Role
The Senior Model Risk Analyst will be responsible for monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. This involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities.
Key Responsibilities:
- Model Performance Monitoring: Ensure compliance with model risk governance by continuously monitoring model performance and identifying potential risks.
- Limitations Identification: Collaborate with the Quant Risk team to identify and address limitations in models, ensuring they remain robust and well-documented.
- Cross-Functional Collaboration: Work closely with cross-functional teams to ensure models are properly documented, version-controlled, and validated for a clear audit trail.
- Performance Reviews: Conduct regular performance reviews, including convergence tests and other performance evaluations defined in the model.
Requirements
To succeed in this role, you will need:
- A Bachelor's degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering.
- A minimum of 3-7 years of experience in model risk management, validation, and control, with in-depth knowledge of regulatory frameworks (e.g., IFRS, PRA) and experience using risk modeling tools (e.g., Python).
What We Offer
As a valued member of our team, you can expect:
- A competitive salary range of £70,000 - £90,000 per annum.
- The opportunity to work with a dynamic and experienced team in the field of quantitative risk management.
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