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- Tasks: Validate and monitor pricing and risk models to ensure accuracy and compliance.
- Company: Join a leading clearing house at the heart of global financial markets.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with a flat structure and exposure to diverse financial models.
- Why this job: Be part of a dynamic team ensuring market stability through innovative risk management.
- Qualifications: Strong analytical skills and experience in model validation or risk assessment.
The predicted salary is between 60000 - 80000 £ per year.
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.
Senior Analyst, Model Risk Management - Intercontinental Exchange in London employer: eFinancialCareers
Contact Detail:
eFinancialCareers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Analyst, Model Risk Management - Intercontinental Exchange in London
✨Tip Number 1
Network like a pro! Reach out to professionals in the industry, especially those at ICE or similar firms. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Be ready to discuss model validation and risk management concepts in detail. We want to see your expertise shine through!
✨Tip Number 3
Showcase your passion for the role! When you get the chance to speak with hiring managers, let them know why you're excited about model risk management and how you can contribute to their team.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace Senior Analyst, Model Risk Management - Intercontinental Exchange in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Analyst role. Highlight your experience with model validation and risk management, and don’t forget to mention any relevant quantitative skills. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about model risk management and how your background aligns with our needs at ICE Clear Europe. Keep it engaging and personal – we love a good story!
Showcase Your Technical Skills: In this role, technical expertise is key. Be sure to highlight your experience with pricing models, stress testing frameworks, and any regulatory standards you've worked with. We’re looking for someone who can hit the ground running!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at ICE Clear Europe!
How to prepare for a job interview at eFinancialCareers
✨Know Your Models Inside Out
As a Senior Analyst in Model Risk Management, you'll need to demonstrate a deep understanding of risk and pricing models. Brush up on the models relevant to ICE Clear Europe, especially those related to market, credit, and liquidity risk. Be prepared to discuss your experience with model validation and how you've ensured compliance with regulatory standards.
✨Showcase Your Analytical Skills
During the interview, highlight your analytical skills by discussing specific examples where you've conducted independent validations or performance benchmarking. Use quantifiable results to illustrate your impact, such as improvements in model accuracy or efficiency. This will show that you can bring value to their team.
✨Understand the Regulatory Landscape
Familiarise yourself with the regulatory standards that govern model risk management. Be ready to discuss how these regulations influence model governance and control. Showing that you’re aware of the broader context will demonstrate your commitment to maintaining high operational standards.
✨Prepare Questions That Matter
Interviews are a two-way street, so prepare insightful questions about the Model Risk Management team's processes and challenges. Ask about their approach to stress testing frameworks or how they ensure model robustness. This not only shows your interest but also helps you gauge if the role aligns with your career goals.