Algorithmic Trading Model Risk Analyst

Company/ Firm Name



London, UK

Published Date

16 February 2022

About the job:


Model Risk Management is a group within Risk Management headed by the Global Head of Model Risk responsible for:

(1) Executing and maintaining an effective Model Risk management framework.

(2) Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite.

(3) Independently validating the integrity and comprehensiveness of the Models in the Firm.


Due to the extension of the scope of the Model Risk Management process, the Firm is seeking to recruit a member of the newly established Algorithmic Trading Model Validation Group. The successful candidate will have a strong quantitative background and will be responsible for the independent validation of Nomura’s Algorithmic Trading Models across a wide variety of asset classes / business lines. 

The team is responsible for:

  • Independent Validation of Algorithmic Trading Models, including

  • Assessment of conceptual soundness of Algorithmic Trading Models, including the integrity and suitability of Model parameters

  • Implementation testing

  • Model Risk Analysis – to identify, analyse and quantify Model Risk

  • Development and Execution of Model Performance Monitoring to ensure that Algorithmic Trading Models are performing as intended

  • Design and implementation of Model Risk Control processes for Algorithmic Trading Models


  • A working experience in a quantitative environment

  • A PhD/postgraduate degree in a quantitative discipline

  • Established experience in quantitative financial models as a Model Developer or Model Validator

  • Practical knowledge of optimization, statistics and machine learning

  • Excellent verbal and written communication skills in English

  • Self-motivated work attitude

Only successful candidates will be contacted