Principal, Financial Risk and Audit

Chicago, IL

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.
Posted 2025-10-23

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