Risk Model Validation Expert

2 tygodni temu


Kraków, Lesser Poland IG Markets Ltd Pełny etat

At IG Markets Ltd, we are seeking a highly skilled Senior Risk Model Validator to join our Risk and Compliance AI & Analytics Team. As a key member of this team, you will be responsible for the validation of market and credit risk models, ensuring accuracy, regulatory compliance, and reliable performance.

Job Description:
  • Assess the performance and validity of risk models to ensure they accurately represent the variables, markets, or risks under consideration
  • Work closely with models' developers to improve code quality
  • Design and implement a set of tests to detect the limitations and misbehaviors of the models
  • Learn various approaches to Stress-Testing, Sensitivity Analysis, VaR & Expected Shortfall used across the industry and compare them with the models implemented at IG
  • Critically read and understand a codebase of over 60k lines of code used to manage credit, market, and capital risk
  • Create model validation reports
  • Work closely with the Financial Risk team located in London
  • Collaborate with data scientists, AI engineers, and other stakeholders to optimize AI model performance and ensure alignment with business goals
  • Actively share knowledge with other team members

Key Requirements:

  • Fluent oral and written English language skills
  • 5+ years' experience in model risk management in banking or financial services
  • Strong knowledge of Model Validation techniques & regulatory standards covering risk models (i.e. Stress testing / VaR / Capital & liquidity models)
  • Knowledge & practical experience in Python / SQL / MongoDB / GitLab
  • Ability to adapt to evolving technologies, willing to embrace new tools and methodologies as needed, particularly in AI and machine learning
  • Proven capability to mentor junior team members, promote skill development, and ensure continuous learning within the team


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