Job Description

Lead Model Risk

Indianapolis, IN (Relocation Support Available)

$100,000 – $130,000 Base + 10% Bonus

We are partnering with a well-established financial institution seeking a Lead Model Risk professional to join their Enterprise Risk function.

This is a high-impact role where you will independently assess and validate complex financial models used across the organisation. You’ll play a key part in ensuring models are robust, accurate, and aligned with regulatory expectations.

The Role

You will:

• Lead validations of financial models including credit risk, interest rate, mortgage, and asset-liability management models
• Conduct quantitative testing including backtesting, stress testing, benchmarking, and scenario analysis
• Assess model methodology, assumptions, controls, and documentation
• Produce detailed validation reports and present findings to stakeholders
• Review and challenge model changes
• Support regulatory exams and audit reviews
• Develop benchmarking tools and potentially leverage machine learning techniques
• Contribute to model inventory oversight and ongoing model performance monitoring

This role sits within Enterprise Risk and offers strong exposure to senior stakeholders.

What We’re Looking For

• 3–7+ years’ experience in Model Risk, Model Validation, or quantitative financial modelling
• Strong understanding of capital markets / market risk models
• Experience with fixed income products, interest rate models, credit risk models, or mortgage models
• Proficiency in Python (strongly preferred), R, MATLAB, or similar
• Strong analytical and report-writing skills
• Ability to clearly communicate complex technical concepts
• Advanced quantitative degree preferred (Finance, Statistics, Mathematics, Economics, Computer Science or similar).

Why Consider This Role?

• Strong visibility within Enterprise Risk
• Broad exposure across complex financial models
• Stable, well-capitalised institution
• Competitive compensation with relocation support

If you’re looking to step into a lead-level validation role with real ownership and regulatory exposure, this is an excellent opportunity.

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