Risk Model Validation Expert
2 tygodni temu
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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