Risk Analyst, Model Risk Management

Job Description:

Job Purpose

The Model Risk Management (MRM) team, a part of the global Enterprise Risk Management function at Intercontinental Exchange (ICE), is looking for a Risk Analyst. The successful candidate will assist the MRM team in performing independent validation of quantitative models used across ICE’s business units, as well as communication of testing results within the group and beyond. In addition, MRM also provides targeted analytics services for financial risk models. MRM applies processes and activities using analytic methods including statistical, mathematical, and computational methods, to verify that models are performing as expected in line with their design objectives and business uses.

Responsibilities

Work with the MRM group to validate and support models, methodologies, and reporting of risks throughout the organization

Produce and analyze validation reports by extracting meaningful insights from data and synthesize them into a compelling validation narrative

Provide detailed analysis and documentation of methods, techniques, and findings

Ensure the clarity, consistency, and accuracy of model validation reports by applying strong technical writing skills to articulate key takeaways

Develop and deliver engaging presentations of analytical findings to stakeholders

Identify opportunities for improvement and automation in reports and implement enhancements as needed

Engage with domain experts to develop and refine risk best practices, policies, and procedures

Knowledge and Experience

Master’s degree or higher in Economics, Finance, Statistics, Mathematics or related field

Strong analytical and problem-solving skills with a solid understanding of statistical concepts - descriptive statistics, data visualization, probability, distributions, linear models, time series, etc.

Competent in programming with either Python or R, as well as SQL

Excellent presentation, verbal communication, and business writing skills

Demonstrated ability in data exploration and critical thinking, with a keen eye for detail

Preferred Knowledge and Experience

3+ years of experience with financial/economic data analysis

Demonstrated progress towards industry certifications, such as FRM and CFA

Working knowledge of Tableau for visual analytics