Managing Director, Market Risk Quant (Chicago)

Managing Director – Market Risk Quantitative Analytics

CHICAGO, IL - RELOCATION PACKAGE AVAILABLE

3 days per week (4 for the first 6 months)

An opportunity for an experienced Market Risk Quant leader to join a growing global financial institution, combining deep quantitative expertise with hands-on model development, team leadership and strategic regulatory initiatives.

Key Responsibilities

• Lead, mentor and develop a team of market risk quants, providing technical guidance and acting as a senior role model.
• Develop, enhance and implement quantitative market risk models, with a strong focus on VaR, statistical modelling and regulatory capital.
• Drive strategic initiatives across model development, analytics infrastructure, automation and evolving regulatory frameworks, including FRTB.
• Oversee model performance, backtesting, benchmarking and remediation of model issues.
• Partner with trading, risk, technology and model risk teams, engaging with senior stakeholders and regulators.

Skills & Experience Required

• Significant experience in market risk quantitative analytics, ideally 10+ years, with a strong track record of technical delivery and leadership.
• Deep understanding of VaR, statistical estimation and derivatives valuation.
• Strong hands-on programming and quantitative development skills, particularly in Python.
• Proven ability to lead and coach quantitative professionals while remaining technically involved.
• Experience delivering complex modelling projects and navigating regulatory requirements.
• FRTB and commodities market risk experience advantageous, but not essential for candidates with strong transferable expertise.