Job Description

***Hybrid, 3 days onsite, 2 days remote***

***We are unable to sponsor as this is a permanent full-time role***

A prestigious company is looking for a Principal – Modeling, Financial Risk, Internal Audit. This principal will be the subject matter expert for internal audit, financial risk, modeling, risk assessments, model validation, Python, R, Matlab, derivatives, etc.

Responsibilities: 

· Support the implementation of strategic plans and advise on the Internal Audit procedures and guidelines.

· Assess and opine on company implementation and maintenance of its financial risk management framework, confirming alignment with organizational objectives and regulatory requirements.

· Coordinate the risk assessment activities with the Quantitative Risk Management (first-line) and Model Risk Management (second-line) teams.

· Develop and execute assessments related to company Prefunded Resources (e.g., margin requirements, clearing fund contributions, stress testing of resource sufficiency, and liquidity risk monitoring).

· Provide technical expertise and guidance to the IA team in executing their responsibilities

· Leverage advanced mathematical and statistical modeling and analysis techniques to assess model design and performance (e.g., model methodologies, assumptions, parameter calibration, input data quality, and model outputs).

· Maintain the Internal Audit quality standards across all deliverables and collaborate with stakeholders to ensure that financial and operational risks are effectively identified, assessed, and managed.

Qualifications 

· Minimum of 8 years working in a dynamic business environment

· Experience in financial risk model analysis or assessments and stress testing methodology.

· Master’s degree in finance, economics or a quantitative field possessing strong quantitative, analytical, and problem-solving skills.

· Experience with assessments or audits of Financial Risk Management or Models.

· Certification such as Financial Risk Manager (FRM), Certificate in Quantitative Finance (CQF), Chartered Financial Analyst (CFA), Certified Financial Services Auditor (CFSA), Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or equivalent. 

· Strong proficiency using Archer or other audit or Governance Risk and Compliance (GRC) software.

· Seasoned expertise on understanding and managing financial risks related to financial derivatives portfolios, particularly options on equities.

· Experience in evaluating the pricing of complex derivatives and performing advanced statistical analysis on underlying risk factors.

· Experience with reviewing and auditing risk management models for derivatives using methodologies such as Historical VaR, Monte Carlo simulation, TIMS and SPAN.

· Proficiency in quantitative or statistical tools (e.g., Python, R, MATLAB, SAS) to support model audit and testing procedures.

· Familiarity with model risk management practices including validation, backtesting, and performance monitoring.

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