At a Glance
- Tasks: Validate and monitor risk models, ensuring accuracy and compliance with regulations.
- Company: Join ICE Clear Europe, a leading clearing house in the financial markets.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Dynamic role with opportunities for growth in a flat organisational structure.
- Why this job: Be at the forefront of financial stability and make a real impact in model risk management.
- Qualifications: Advanced degree in a quantitative field and experience in model validation or risk analytics.
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, 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.
- 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.
- Industry certifications (PRM, FRM, CFA).
- Experience in a clearing house, trading firm.
Senior Analyst, Model Risk Management in London employer: NCSL International
ICE Clear Europe is an exceptional employer, offering a dynamic work environment at the heart of financial markets. With a strong emphasis on employee growth and collaboration, we provide opportunities for continuous learning and development in model risk management. Our commitment to maintaining high regulatory standards and fostering a culture of innovation ensures that our team members are equipped to thrive in a fast-paced, ever-evolving industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Analyst, Model Risk Management in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like NCSL International. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Analyst, Model Risk Management in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to NCSL International.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on NCSL International's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at NCSL International
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with NCSL International.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at NCSL International will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former NCSL International employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
