Model Risk Audit Lead
Model Risk Audit Lead
Location: Chicago or Dallas
Compensation: 170-230k base
A leading financial services firm looking to bring on a Lead within their Internal Audit team specializing in Financial and Model Risk. This role involves executing audits and validations, assessing risk frameworks, and providing technical expertise to ensure compliance with regulatory standards and organizational objectives.
Responsibilities:
- Execute audits and validations related to financial risk and model risk.
- Assess risk management frameworks and recommend improvements.
- Collaborate with first- and second-line risk teams on risk assessments.
- Apply quantitative techniques to evaluate model design, assumptions, and performance.
- Ensure audit quality and timely delivery of multiple projects.
- Maintain compliance with professional standards and stay informed on emerging risks.
Requirements:
- Minimum 8 years of experience in financial risk, audit, or related fields.
- Experience with reviewing and auditing derivatives/pricing models (Historical VaR, Monte Carlo, etc.)
- Strong analytical, communication, and project management skills.
- Proficiency in Microsoft Office and GRC tools (e.g., Archer).
- Expertise in derivatives risk, quantitative modeling, and statistical tools (Python, R, MATLAB).
- Familiarity with model risk management practices (validation, backtesting).
- Advanced degree in finance, economics, or quantitative field preferred.
- Professional certifications (FRM, CFA, CIA, CPA) highly desirable
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