Remote Opportunity

Senior Analyst, Model Risk Management

Join Intercontinental Exchange Holdings, Inc. as a senior professional working remotely from Worldwide. Explore the role, benefits, and apply in one place.

Full Time
$120,000 - $180,000*
3 months ago
Worldwide
Model Risk Management & Validation
Senior
Python
NumPy
Pandas
+2 more

Job Description

Job Description Job Purpose With approximately 5 million contracts cleared every day across multiple asset classes, ICE Clear Europe (ICEU) is one of the world’s most diverse and leading clearing houses. As a clearing house, ICEU performs a critical role in ensuring market stability especially through periods of volatility and increased uncertainty. It provides central counterparty clearing and risk management services for global energy, interest rate, equity index, and agricultural derivatives. We leverage advanced quantitative models to effectively manage market risk for exchange-traded derivatives, credit risk of clearing members and counterparties, and liquidity risk associated with posted collateral. Our risk framework ensures resilience in dynamic market conditions while upholding the highest regulatory and operational standards. The Model Risk Management team, part of the Risk Oversight Department, is responsible for all aspects of model risk, encompassing model governance & control, model validation, and model performance monitoring across a wide range of applications. ICE Clear Europe is seeking a Senior Model Risk Analyst to join its Model Risk Management team. This role is responsible for validating and monitoring pricing and risk models used in the clearing house, ensuring their accuracy, robustness, and compliance with regulatory standards. The position involves end-to-end model risk assessment across initial margin, add-ons, and stress testing frameworks, with a focus on market, credit, and liquidity risk. This is an exciting opportunity for a technical expert looking for broad model exposure in a collaborative and flat organizational structure at the centre of financial markets. Responsibilities Conduct independent validation of risk and pricing models and review of stress testing frameworks, including conceptual soundness, assumption reasonableness, and performance benchmarking. Document validation findings, communicate risks, and recommend improvements. Continuously monitor model performance, review first-line risk management monitoring approaches, and identify and drive model changes or risk mitigating actions. Provide guidance on model usage and act as a key stakeholder liaison for new models and changes Review model change and calibration proposals Stay updated on evolving market practices, regulatory requirements, and quantitative methodologies. Provide technical interpretations to regulatory text Utilise programming skills to execute validation tasks and develop technical capabilities and tools for model testing, model monitoring and other related analytics. Knowledge and Experience Advanced degree (MSc/PhD) in Mathematics, Statistics, Quantitative Finance, or related field. Experience in model validation, quantitative analysis, or risk analytics. Strong knowledge of market, credit, or liquidity risk frameworks. Proficiency in Python (NumPy, Pandas, etc.) and SQL for data analysis. Strong understanding of option pricing theory and statistical risk modelling techniques (VaR, Backtesting, Stress Testing). Excellent verbal and written communication skills. Desirable Knowledge and Experience Industry certifications (PRM, FRM, CFA). Experience in a clearing house, trading firm, bank or similar financial institution. Knowledge of SR 11-7 model risk guidelines and exchange-traded derivatives.

Requirements

  • Conduct independent validation of risk and pricing models
  • Review stress testing frameworks
  • Document validation findings and communicate risks
  • Provide guidance on model usage
  • Stay updated on evolving market practices and regulatory requirements

Benefits

  • 401k Matching
  • Health Insurance
  • Paid Time Off
  • Performance Bonus
  • Remote Work

Skills

Python
NumPy
Pandas
SQL
Option Pricing Theories

About AI-Estimated Salary

The salary range shown was not provided by the employer. Our AI has estimated it based on the job title, required experience, location, and industry standards (confidence: 80%). This estimate should be used as a general guide only and may not reflect the actual compensation. Always confirm salary details directly with the employer during the application process.

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Join Intercontinental Exchange Holdings, Inc. today

Salary Range (AI-Estimated)*
$120,000 - $180,000
80% confidence
Posted 3 months ago

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