Principal, Financial Risk and Audit

Principal, Financial Risk and Audit

Salary: Open + Bonus

Location: Chicago, IL or Coppell, TX

Hybrid: 3 days onsite, 2 days remote

Minimum Qualifications

• Bachelor's degree
• 8+ years of related experience
• Strong proficiency using Archer or other audit or Governance Risk and Compliance (GRC) software.
• Experience in financial risk model analysis or assessments and stress testing methodology.
• Experience with assessments and audits of Financial Risk Management or Models.
• Industry experience in capital markets, banking, or financial services
• Proven track record of implementing and overseeing operational processes and procedures.
• Knowledge and understanding related to financial derivatives and options on equities
• Familiarity with model risk management practices including validation, backtesting, and performance monitoring.

Highly Preferred

• Master's degree in finance, economics or a quantitative field possessing strong quantitative, analytical, and problem-solving skills.
• 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 (eg, Python, R, MATLAB, SAS) to support model audit and testing procedures.