Financial Model Risk Expert

1 month ago


London, Greater London, United Kingdom Capco Full time
Job Summary

We are seeking a skilled Financial Model Risk Expert to join our team at Capco. As a key member of our model risk team, you will be responsible for ensuring the accuracy and integrity of our financial models.

About Us

Capco is a global consulting firm that specializes in financial services technology and business process consulting. Our clients include some of the world's leading banks, insurers, and investment firms.

Key Responsibilities
  • Conduct annual review and revalidation of existing models to ensure they remain accurate and relevant
  • Provide effective challenge to model assumptions, mathematical formulation, and implementation to identify potential risks and areas for improvement
  • Assess and quantify the model risk arising from model limitations to inform stakeholders of their risk profile and development of compensating controls
  • Contribute to strategic, cross-functional initiatives within the model risk team to drive business growth and improve risk management practices
Requirements
  • 4+ years of experience in financial modeling, with a focus on validation and/or front-line development of derivatives pricing models at a leading financial institution
  • Strong derivative pricing skills, including stochastic calculus, numerical techniques, and coding in VBA/Python
  • A solid theoretical understanding of pricing models, as well as experience with benchmarking, process verification, and outcome analysis
  • Excellent communication and interpersonal skills, with the ability to work effectively with stakeholders at all levels
What We Offer
  • An estimated salary range of $120,000 - $180,000 per year, depending on experience
  • Ongoing learning opportunities to help you acquire new skills or deepen existing expertise
  • A work culture focused on innovation and building lasting value for our clients and employees
  • Enhanced and competitive family-friendly benefits, including maternity / adoption / shared parental leave and paid leave for sickness, pregnancy loss, fertility treatment, menopause, and bereavement


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