Associate Vice President, Model Risk & Validation

The Company is seeking an Associate Vice President, Model Risk & Validation to manage the end-to-end model risk process for a defined portfolio of models. Responsibilities include conducting validations and ongoing monitoring, reviewing model changes and calibrations, assessing design and assumptions, and evaluating benchmarking, backtesting, and stress-testing results. The role also involves communicating findings to senior management, recommending practical improvements, and developing Python tools to strengthen validation and monitoring. The successful candidate will collaborate with teams responsible for developing, using, and overseeing models across market risk, liquidity risk, and initial margin. Candidates should hold an MSc or PhD in mathematics, statistics, quantitative finance, or a related field, and have relevant experience in model validation, quantitative analysis, or risk analytics. They must be able to lead complex model reviews independently and demonstrate strong knowledge of market risk, liquidity risk, or initial margin models. Proficiency in Python and SQL, along with an understanding of option pricing, statistical risk modelling, backtesting, and stress testing, is required. Strong communication skills are essential for presenting complex findings to technical and non-technical stakeholders; experience with exchange-traded derivatives or an FRM, PRM, or CFA qualification is an advantage.