Associate, Model Risk Audit
We are currently partnered with a financial services institution to build out their Model Risk Audit group in Chicago or Dallas. This role will cover Financial and Model Risk while executing audits and validation, assessing risk frameworks, and ensuring compliance with regulatory standards.
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 4+ 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
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your resume and details on file so when we see similar roles or see skillsets that drive growth in organizations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your resume so you can be considered for roles that have yet to be created.
Yes, we help with resume and interview preparation. From customized support on how to optimize your resume to interview preparation and compensation negotiations, we advocate for you throughout your next career move.