Model Validation – Senior Associate

Location: Rome, Italy — via Tomacelli

Company

hirify.global operates capital-market infrastructure, including clearing and financial risk management activities.

What you will do

• Independently validate LoD1 risk models measuring market, credit, and liquidity risk.
• Develop and maintain Python replications of margin and stress-testing models for benchmarking and challenger analyses.
• Analyse significant model changes and issue recommendations or alternative approaches.
• Design sensitivity analyses, backtesting, anti-procyclicality, and stress-testing analyses.
• Validate input data and improve processes for data analysis and reporting.
• Liaise with regulators, model designers, developers, consultants, management, and other stakeholders; present findings and draft validation reports.

Requirements

• Master’s degree in Quantitative Finance, Engineering, Mathematics, Statistics, Physics, or an equivalent field.
• 3–5 years of experience in banking or financial services, including regulatory or consultancy work.
• Strong knowledge of financial markets and instruments, pricing, risk indicators, and market-risk techniques including VaR, Expected Shortfall, and backtesting.
• Strong programming skills in Python and other quantitative programming languages such as SQL or Julia; ability to build and document models from scratch.
• Fluent spoken and written English, including technical report writing.
• Strong analytical, communication, teamwork, and problem-solving skills, with the ability to work under pressure.

Nice to have

• Experience with clearing houses.
• Familiarity with the EMIR regulatory framework and ESMA technical standards.
• CFA and/or FRM certification.
• Knowledge of Bloomberg and Reuters.

Culture & Benefits

• Permanent employee position within the Model Risk LOD2 Team.
• Collaboration with internal model developers and external consultants.
• Exposure to regulators, management, and supervisory reporting standards.