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Model Risk Audit Lead
Model Risk Audit LeadSelby Jennings • Chicago, IL, United States
Model Risk Audit Lead

Model Risk Audit Lead

Selby Jennings • Chicago, IL, United States
7 days ago
Job type
  • Full-time
Job description

Vice President - Internal Audit, Operational Risk, Enterprise Risk and Analytics

Location : Chicago or Dallas

Base pay range

$170,000.00 / yr - $230,000.00 / yr

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.
  • Seniority Level

    Mid-Senior level

    Employment Type

    Full-time

    Job Function

    Accounting / Auditing

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