Request Technology, LLC · 1 day ago
Principal Internal Audit Financial Risk Modeling SME
Chicago, IL
Full-time
Onsite
Lead/Staff
8+ years expRequest Technology, LLC is a prestigious financial company seeking a Principal Internal Audit Financial Risk Modeling SME. The candidate will provide subject matter expertise and execution skills to the Internal Audit team, focusing on financial risk assessments, model validation monitoring, and detailed model testing to support internal audits and validations.
Information ServicesInformation TechnologyRecruiting
No H1B
Hiring Manager
Craig Johnson
Responsibilities
Support the implementation of strategic plans and advise on the Internal Audit procedures and guidelines
Assess and opine on the implementation and maintenance of its financial risk management framework, confirming alignment with organizational objectives and regulatory requirements
Coordinate the risk assessment activities with the Quantitative Risk Management (first-line) and Model Risk Management (second-line) teams
Develop and execute assessments related to Prefunded Resources (e.g., margin requirements, clearing fund contributions, stress testing of resource sufficiency, and liquidity risk monitoring)
Provide technical expertise and guidance to the IA team in executing their responsibilities
Confirm proper scope and resource allocation to deliver on schedule
Leverage advanced mathematical and statistical modeling and analysis techniques to assess model design and performance (e.g., model methodologies, assumptions, parameter calibration, input data quality, and model outputs)
Maintain the Internal Audit quality standards across all deliverables and collaborate with stakeholders to ensure that financial and operational risks are effectively identified, assessed, and managed
Support and maintain IA infrastructure (Policies, Procedures, Standards, Guidance, Audit Universe, Risk Assessments, Co-Sourcing Management, Service Quality, Regulatory Management and Stakeholder Management) in alignment with Regulators, IIA Standards and designation requirements
Contribute to the development of annual budget recommendations supporting the risk-based audit plan
Coordinate with the Operations team and Co-Source relationship to manage staffing needs for plan execution
Support the design and implementation of strategic initiatives related to audit programs/processes, technology, or other initiatives related to assurance and consultative services for Financial and Model Risk
Plan, execute, and report on risk-based and special request audit assignments
Identify regulatory, operational, and/or strategic risks to the organization and develop recommendations for improvements
Build and maintain effective relationships with business groups and management
Contribute to the development of risk assessment and comprehensive audit plan
Manage multiple audits and validations simultaneously
Execute audit projects in accordance with the annual audit plan
Confirm audit quality, accuracy of results, and timely delivery
Apply professional principles and standards (e.g., AICPA, IIA GIA, COSO, SR 11-7) in risk management activities and control evaluations
Maintain knowledge of policies, procedures, standards, and supporting technologies in risk identification and mitigation
Stay informed of industry practices, model methodologies, and emerging risks within financial services and propose improvement recommendations
Participate in department-wide activities such as peer reviews of audit deliverables
Qualification
Required
Strong verbal and written communication skills with the ability to effectively convey complex information to various stakeholders
Proven analytical and critical thinking abilities to address business challenges
Ability to develop and present comprehensive reports and recommendations based on data analysis
Demonstrated capability to manage multiple projects while meeting deadlines
Ability to manage the assessment of quantitative models approaches and tools
Ability to work independently or as part of a team, prioritizing multiple audit assignments to simultaneously complete each in a timely fashion
Proficiency in Microsoft Office applications
Strong proficiency using Archer or other audit or Governance Risk and Compliance (GRC) software
Minimum of 8 years working in a dynamic business environment
Proven track record of implementing and overseeing operational processes and procedures
Experience in developing and maintaining professional relationships with internal and external stakeholders
Experience in financial risk model analysis or assessments and stress testing methodology
Certification such as Financial Risk Manager (FRM), Certificate in Quantitative Finance (CQF), Chartered Financial Analyst (CFA), Certified Financial Services Auditor (CFSA), Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or equivalent
Preferred
Seasoned expertise on understanding and managing financial risks related to financial derivatives portfolios, particularly options on equities
Experience in evaluating the pricing of complex derivatives and performing advanced statistical analysis on underlying risk factors
Experience with reviewing and auditing risk management models for derivatives using methodologies such as Historical VaR, Monte Carlo simulation, TIMS and SPAN
Proficiency in quantitative or statistical tools (e.g., Python, R, MATLAB, SAS) to support model audit and testing procedures
Familiarity with model risk management practices including validation, backtesting, and performance monitoring
Industry-specific experience in relevant field (e.g., Financial Services, Technology, or related sectors)
Master's degree in finance, economics or a quantitative field possessing strong quantitative, analytical, and problem-solving skills
Experience with assessments or audits of Financial Risk Management or Models
Benefits
Position is bonus eligible
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