Request Technology, LLC ยท 1 week ago
Quantitative Analyst - Modeling and Audit
Chicago, IL
Full-time
Hybrid
Senior Level
5+ years expRequest Technology, LLC is seeking a Quantitative Analyst specializing in Modeling and Audit. The role involves leading quantitative reviews and audits, supporting financial risk management audits, and effectively communicating complex analyses to stakeholders.
Information ServicesInformation TechnologyRecruiting
Hiring Manager
Steven Delvalle
Responsibilities
Lead or execute quantitative reviews/audits/validations (conceptual soundness, documentation, data, methodology, development code, testing, and implementation for accuracy) of models or financial risk tools used for credit risk, market risk, liquidity risk and stress testing
Support financial risk management audits and validations as required
Effectively communicate complex technical quantitative analysis (based on data and models), principles, methods, and approach to relevant stakeholders
Perform audit activities including risk assessments, audit planning, audit testing, control evaluation, and complete work paper documentation in accordance with Internal Audit requirements (e.g. IIA GIA)
Communicate identified findings and enhancements to audit management and key stakeholders
Draft audit reports clearly communicate overall conclusions, key risks, findings and their root cause, and impact on company overall risk exposure
Perform continuous monitoring of model risk identifying patterns and trends to understand their impact on company overall risk level and controls
Effectively challenge risk management (first and second lines of defense) to adopt appropriate policies, procedures, and effective controls designed to mitigate financial risk
Support the development or enhancement of audit procedures and templates for auditing financial risk management
Support in developing and implementing data analytics and automated testing
Ensure audit quality, accuracy of results, and delivery in a timely manner
Proactively identify regulatory, operational, and/or strategic risks to the organization and present them to IA leadership
Coach and develop junior audit staff in financial risk management practices as part of their on-going development
Maintaining an understanding of policies, procedures, standards, and supporting technologies, and educating staff accordingly, to effectively identify potential risks and alternatives to mitigate risk exposure leveraging leading practices
Ability to understand and apply professional principles and standards (e.g., AICPA, IIA GIA, COSO) and the relevancy to risk management and impact on policies and procedures. In addition, leveraging these principles and standards to test and evaluate corporate risk management processes and controls
Qualification
Required
Bachelor's degree required
Master's degree in mathematics or Statistics, Financial Engineering, Economics, or other field possessing strong quantitative, analytical, and problem-solving skills
Alternatively, a Ph. D degree majored in quantitative field and over 1 year of work experience
5+ years of experience in model risk management methodology
Experience using the principles, practices, and techniques involved in conducting audits in accordance with the requirements set forth in the Global International Audit Standards (IIA GIA)
Experience in Internal Audit, Model Risk Management, Financial Services/Securities Industry and working with regulatory organizations such as: Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), Federal Reserve
Experience in evaluating complex derivatives and performing advanced statistical analysis on underlying risk factors
Experience with reviewing credit/counterparty risk and stress testing models for derivative instruments (e.g., Historical VaR, Monte Carlo, TIMS and SPAN)
Experience in data analysis and programming languages such as Python, C++, and Java
Experience in executing model risk audits
Company
Request Technology, LLC
With over 39 years of experience, Request Technology, LLC, formerly Quest Enterprises, Inc., is an established entrepreneurial executive search firm that specializes in recruiting Information Technology professionals for organizations throughout the United States.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase