Selby Jennings · 9 hours ago
Quantitative Risk Management Director
Chicago, IL
Full-time
Hybrid
Senior Level, Lead/Staff
$225K/yr - $235K/yr
10+ years expSelby Jennings is a leading Clearing Corporation seeking a Director level candidate to join their Quantitative Risk Management group. This role involves driving model innovation and managing a team to develop and enhance advanced models for margin, clearing fund, pricing, and stress-testing across derivatives and financial products.
BankingEmploymentRecruiting
Hiring Manager
Max Nicholson
Responsibilities
Direct and oversee development of pricing, margin, and stress‑testing models for derivatives and financial products
Lead research on model methodologies, assess industry best practices, and drive prototype development for new model features
Design tools, procedures, and performance‑monitoring frameworks to evaluate model effectiveness
Lead implementation of model analytics within the QRM Library and support integration into firmwide risk systems
Lead remediation of model validation or regulatory findings and prepare materials for regulatory inquiries
Qualification
Required
Master's degree in a quantitative field required (Math, Financial Engineering, Computer Science, Physics, etc.); PhD preferred
10+ years of quantitative model development/research experience in financial markets
Deep expertise in derivatives pricing, stochastic calculus, probability, statistics, and advanced linear algebra
Strong background in econometrics, time‑series analysis, GARCH, copulas, and machine learning techniques
Proficiency with risk management methods: VaR, Expected Shortfall, stress testing, and backtesting
Ability to challenge modeling assumptions, identify limitations, and articulate complex concepts clearly
Strong documentation skills, including technical papers, methodology documents, and user guides
Preferred
PhD preferred
Company
Selby Jennings
Global recruitment firm specialising in Banking
1001-5000 employees
Funding
Current Stage
Late StageRecent News
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