Senior Model Risk Analyst

SUMMARY:
This is a leader in commodity trading and mining, specializing in the production and marketing of metals, minerals, and energy.

POSITION INFO:
A Senior Model Risk Analyst ensures compliance with model risk governance by monitoring model performance, identifying limitations, and collaborating with the Quant Risk team to resolve issues. The role involves re-certifying models, addressing shortcomings, and aligning with market changes and new business opportunities, while working with cross-functional teams to ensure models remain robust, well-documented, and updated as needed.

Job Purpose:

• Recertification & Review: Perform full recertification or affirmation of model parameters and performance based on inventory and review schedules.
• Identify Model Risks: Assess model risks during certification reviews.
• Materiality Assessments: Design and implement materiality assessments and monitoring for limitations with the Quant Risk team.
• Understand Operational Constraints: Analyze and incorporate physical operational constraints into model representations when necessary.
• Performance Review: Conduct performance reviews, including convergence tests and other performance evaluations defined in the model.
• Documentation & Version Control: Ensure models are properly documented, version-controlled, and validated for a clear audit trail.

• Bachelor’s Degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering.
• A minimum of 3-7 years of experience in model risk management, validation, and control, with in-depth knowledge of regulatory frameworks (e.g., IFRS, PRA) and experience using risk modeling tools (e.g., Python) and model validation methodologies.