Job Description Job Purpose The Model Risk Manager is a member of the Model Risk Management Team at ICE Clear Europe (‘the firm’), a second line risk function, which facilitates setting risk boundaries and provides independent risk oversight to the business. It is proactive in identifying, assessing and independently escalating risks when necessary. ICE Clear Europe uses models to measure, analyze and monitor counterparty credit risks, market risk, credit risks and liquidity risks arising from its first line functions. The Model Risk Management team is responsible for all aspects of financial risk as well as model risk, encompassing model validation, performance monitoring and governance. This new hire will be instrumental in the development and execution of analytics supporting financial risk management activities. The role requires both in-depth technical programming expertise and a good understanding of risk management techniques with substantial knowledge of financial products. It provides an exciting opportunity for a technical expert looking for more breadth in a small team in a complex organization. You will gain experience in models covering market, credit, liquidity risk, and stress testing. Responsibilities Monitoring of the firm’s market risk exposures which include Futures and Options encompassing Financial and Softs, Commodities (especially Energy segment i.e. Oil, Power, Gas and Emissions). Analyse and monitor Credit Risk exposure across various financial instruments and counterparties. Assess the adequacy of collateral posted by counterparties, challenging, escalating, and proposing mitigating actions to senior management. Conduct in dept valuations of the credit worthiness of counterparties considering financial statements, market data and other relevant information. Performing deep dive analysis in Market & Liquidity Stress Testing. Performing validation of pricing and risk models and writing high quality validation reports. Developing and maintaining analytics library used to support validation and on-going monitoring activities. Proactively engage and collaborate with various key internal stakeholder e.g., Quants, Clearing Risk, Treasury, Credit and Operations / IT departments in the firm and associated Exchanges. Support junior team members on day-to-day activities and providing subject matter expertise to first line functions. Knowledge and Experience Essential Demonstrate experience in Market Risk management of Exchange Traded (Futures and Options) and/or OTC derivatives in at least one of the following asset classes; Equities, Intertest Rates, FX, Credit and Commodities (Softs and Energy). Strong understanding of derivatives pricing, valuation, and risk models in at least one of the asset classes mentioned above. Experience in either Model Development or Validation role at a financial institution with good understanding of Model Governance Standards (e.g., SR 11 7), Clearing Rules and Regulatory Frameworks as well as industry best practices. Professional experience working with analytical libraries, Python and SQL. A degree in a quantitative discipline (i.e., mathematics, computer science), additional degree in Financial Mathematics will be preferred. Teamwork and a collaborative attitude with the ability to provide effective challenge to the first line functions. Highly analytical skills, deep understanding of mathematical/statistical models and their implementation in finance. Previous experience working on large applications both contributing to their function and developing from scratch. Excellent verbal and written communication skills, in particular in translating complex technical concepts and facts into clear understandable written reports. Desirable Advanced degree in the field of Financial Mathematics and/or PhD. Certifications like PRM, FRM, or CFA. Previous experience in a similar role at a Central Clearing House will be preferred. Schedule This role offers work from home flexibility of one day per week.