Model Risk Management & Validation Policy Analyst (Financial Risk)

Location: Chicago, United States of America; hybrid schedule with telecommuting permitted as determined by the employer.

Salary: $97,739–$135,100 per year. A second stated pay range is $81,100–$135,100.

Company

hirify.global operates a derivatives marketplace and supports financial markets, risk management, and clearing.

What you will do

• Support the day-to-day implementation of model risk management practices, including internal and third-party model validation.
• Review model changes and support the drafting of model risk management policies and procedures.
• Refine and maintain the model inventory.
• Work with third-party validators to respond to inquiries and assess the severity and accuracy of findings.
• Support oversight of validation responses and remediation activities with model developers and users.
• Develop knowledge of CME Clearing risk models and model risk management best practices.

Requirements

• Master’s degree in Financial Mathematics, Financial Engineering, or a related quantitative field.
• At least 24 months of experience as a Financial Risk Specialist or in a related occupation.
• Two years of experience with programming languages, including at least one of C++, C#, Java, or Python.
• Two years of experience applying model risk management best practices, including building validation tools.
• Two years of experience with financial markets and derivatives products, including risk management methods such as VaR scenario analysis.
• Two years of experience applying value-at-risk, stress testing, and scenario analysis.
• Two years of experience developing database queries and scripts for data analysis.
• One year of experience working at a bank, major financial institution, or as a management consultant for the financial services industry.

Culture & Benefits

• Hybrid work arrangement with telecommuting permitted according to the employer’s schedule.
• Standard company benefits, including comprehensive health coverage and retirement benefits with a 401(k) and pension plan.
• Annual target bonus opportunity and broad-based equity program.
• Education reimbursement, paid time off, and mental health benefits.
• Equal-opportunity workplace that values employees’ different experiences and perspectives.