Director, Market Risk Quant (Chicago)
- ON, Canada
- Ontario, Canada, Canada
$170,000 to $210,000 USD / year · Full-time
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Job details
- Pay
- $170,000 to $210,000 USD / year
- Job type
- Full-time
- Apply by
- Experience
- Significant experience in market risk quantitative analytics, ideally 10+ years, with a strong track record of technical delivery and leadership.
- Posting language
- English
- Posted
Original job description
Managing Director – Market Risk Quantitative Analytics
CHICAGO, IL - RELOCATION PACKAGE AVAILABLE
3 days per week (4 for the first 6 months)
An opportunity for an experienced Market Risk Quant leader to join a growing global financial institution, combining deep quantitative expertise with hands-on model development, team leadership and strategic regulatory initiatives.
Key Responsibilities
- Lead, mentor and develop a team of market risk quants, providing technical guidance and acting as a senior role model.
- Develop, enhance and implement quantitative market risk models, with a strong focus on VaR, statistical modelling and regulatory capital.
- Drive strategic initiatives across model development, analytics infrastructure, automation and evolving regulatory frameworks, including FRTB.
- Oversee model performance, backtesting, benchmarking and remediation of model issues.
- Partner with trading, risk, technology and model risk teams, engaging with senior stakeholders and regulators.
Skills & Experience Required
- Significant experience in market risk quantitative analytics, ideally 10+ years, with a strong track record of technical delivery and leadership.
- Deep understanding of VaR, statistical estimation and derivatives valuation.
- Strong hands-on programming and quantitative development skills, particularly in Python.
- Proven ability to lead and coach quantitative professionals while remaining technically involved.
- Experience delivering complex modelling projects and navigating regulatory requirements.
- FRTB and commodities market risk experience advantageous, but not essential for candidates with strong transferable expertise.
More about this job
Responsibilities
Lead and develop a team of market risk quants while building and enhancing quantitative models, particularly for VaR, statistical modeling, and regulatory capital. Oversee model performance and remediation, and drive strategic initiatives while partnering with trading, risk, technology, model risk teams, senior stakeholders, and regulators.
Requirements
Requires ideally 10 or more years of market risk quantitative analytics experience, deep knowledge of VaR, statistical estimation, and derivatives valuation, and strong hands-on Python and quantitative development skills. Candidates should have a record of technical delivery, leadership, coaching, complex modeling projects, and navigating regulatory requirements; FRTB and commodities risk experience are advantageous.
Skills
- Market Risk Quantitative Analytics
- VaR Modeling
- Statistical Modeling
- Regulatory Capital
- Python
- Derivatives Valuation
- Quantitative Development
- Model Development
- Backtesting
- Benchmarking
- Model Remediation
- Team Leadership
- Regulatory Frameworks
- FRTB
- Commodities Market Risk
- Stakeholder Management
Benefits
- Relocation Package
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Data & Analytics
- Management & Leadership
Keywords
- Market Risk
- Quantitative Analytics
- VaR
- Statistical Modeling
- Regulatory Capital
- Python
- Derivatives Valuation
- Quantitative Development
- Model Development
- Backtesting
- Benchmarking
- Model Remediation
- FRTB
- Commodities Market Risk
- Model Risk
- Regulatory Frameworks
- Analytics Infrastructure
- Automation
- Trading
- Risk Management
- Technology
- Team Leadership
- Stakeholder Management