Model Risk Quant Analyst

Main Purpose and Accountability of the Role As a Quantitative Analyst within Markets Engineering EMEA, you will support remediation of model risk management gaps with respect to PRA SS1/23, focusing on valuation models used across trading and middle office. You will produce regulator-grade documentation, perform testing and analysis of model performance, support issue remediation, and partner closely with independent model validators. Key Responsibilities You will be accountable and responsible for taking appropriate action with respect to model risk and valuation models, including: Contribute to remediation planning to close gaps versus PRA SS1/23 and internal Model Risk Policy. Identify model assumptions, limitations and usage constraints, and; quantify impacts and propose mitigations/remediations. Maintain complete, regulator-ready documentation: purpose, methodology, mathematical specification, input data, implementation, usage, assumptions and limitations, safe operating boundary. Conduct work in line with internal policies and procedures, and applicable regulatory requirements (e.g., PRA SS1/23; awareness of SR 11-7 concepts). Analyze pricing model outputs across asset classes (Rates, Equities, XVA) including P&L attribution, sensitivities, and stress behavior. Design, implement, and execute test plans; interpret results and present clear, concise findings with evidence packs for model validation. Develop reproducible scripts/notebooks to automate testing and analysis. Collaborate effectively with independent model validators to address findings, and close issues on time. Communicate complex quantitative concepts to diverse audiences in a clear, business-oriented manner. Duties may evolve; the role holder will perform other tasks consistent with the scope and purpose of the role as requested by their manager. Essential Requirements Experience working in a financ