Model Risk Program Analyst​/Associate

Are you ready to make a significant impact in the world of model risk management? At Model Risk Governance and Review Group (MRGR), we are at the forefront of assessing and mitigating model risks across the globe. With a presence in major financial hubs like New York, London, Mumbai, Paris, and Hong Kong, our team collaborates with top professionals in Risk, Finance, and Model Development.

This is your chance to work in a dynamic environment, gain exposure to various business areas, and contribute to critical decision‑making processes.

As a Model Risk Analyst/Associate in the Model Risk Governance and Review team, you will play a crucial role in reviewing equity derivatives models and enhancing model risk governance. You will collaborate with model developers, trading desks, and risk professionals to ensure the soundness and suitability of complex pricing models. Together, we will drive innovation and maintain robust model risk controls.

• Analyse the conceptual soundness of complex pricing models and reserve methodologies.
• Develop and implement alternative benchmark models.
• Liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage.
• Serve as the first point of contact for the coverage area.

• Excellence in probability theory, stochastic processes, statistics, and numerical analysis.
• Strong understanding of option pricing theory and quantitative models for derivatives.
• Experience with numerical methods such as Monte Carlo and PDE.
• Strong analytical and problem‑solving abilities.
• MSc or equivalent in a relevant field.
• Proficiency in Python and C++ programming.
• Inquisitive nature with excellent communication skills.
• Teamwork‑oriented mindset.

• Experience with equity derivatives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal‑opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law.

We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs.

Great chance to develop in our Model Risk Team!