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Senior Analyst for Model Governance and Risk

2 months ago

Chicago, Illinois, United States Interactive Brokers Full time
Job Overview

About Interactive Brokers

This position is a hybrid role (three days in the office/two days remote).

Interactive Brokers Group has been a leader in trading innovation since 1983, renowned for our technological advancements and commitment to excellence. As a technology-driven firm, we continuously challenge conventional practices to provide our clients with a superior trading platform that boasts advanced features at competitive prices. Our software development capabilities are central to our success, evidenced by our industry-leading brokerage platform.

We are seeking a Senior Analyst for Model Governance and Risk to join our Chicago team. This role offers significant growth opportunities for driven and exceptional individuals. The selected analysts will report to a Model Governance Manager and play a critical role in ensuring compliance with both regional and global regulations pertaining to anti-terrorist financing, sanctions, AML, and securities laws related to Model Governance and Risk.

Key Responsibilities:
  • Perform testing and optimization for AML and Trade Surveillance Reports/Models.
  • Conduct performance evaluations of machine learning (ML) and artificial intelligence (AI) models.
  • Validate algorithms and programming logic using Python, SQL, and Java.
  • Develop scripts in Python and SQL for quantitative analysis of financial crime data and data quality assessments.
  • When necessary, independently develop ML and other models for validation or internal research purposes.
  • Create and maintain comprehensive documentation for tuning reports, schedules, and data analyses.
  • Review ML/AI model documentation to ensure alignment with governance procedures and regulatory standards during testing and tuning.
  • Formulate and update model tuning strategies.
  • Maintain the model governance framework and all associated documentation.
  • Engage in discussions with key stakeholders in model governance and regional leadership to ensure effective oversight of model identification, development, utilization, and evaluation processes.
  • Evaluate model documentation, including development, monitoring, and implementation records, for completeness against established program standards.
Preferred Qualifications:
  • Bachelor's degree in a quantitative field (e.g., computer science, physics, mathematics, or engineering).
  • 3+ years of practical experience in programming and/or ML/AI implementation.
  • Basic understanding of AML risks and Trade Surveillance principles.
  • Ability to convey technical information to a non-technical audience.
  • Intermediate proficiency in programming languages: Python and SQL.
  • Intermediate knowledge of ML/AI concepts, including model algorithms, feature importance, and sensitivity analysis (precision-recall).
  • Familiarity with Java and Python libraries (e.g., scikit-learn, Plotly, catboost, seaborn).
  • Capability to work independently and collaboratively, effectively prioritizing tasks in a dynamic environment.
Success Factors:
  • Self-motivated with the ability to manage tasks with minimal oversight.
  • Exceptional analytical and problem-solving abilities.
  • Strong collaboration and communication skills (both verbal and written).
  • Outstanding organizational and time management capabilities.
Company Benefits & Perks:
  • Competitive salary, annual performance-based bonuses, and stock grants.
  • 401(k) retirement plan with a competitive company match.
  • Comprehensive health and wellness benefits, including medical, dental, and vision coverage, along with a company-paid medical premium.
  • Wellness screenings, health coaching, and counseling services through an Employee Assistance Program (EAP).
  • Generous paid time off and parental leave policies.
  • Daily lunch allowance and a fully stocked kitchen with healthy options.
  • Corporate events, including team outings, dinners, volunteer activities, and sports teams.
  • Education reimbursement and opportunities for professional development.
  • Modern office environments equipped with multi-monitor setups.
Company Overview

Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services firm headquartered in Greenwich, CT, USA, with a presence in over 15 countries. For more than four decades, we have been at the forefront of financial innovation, recognized for our advanced technology and dedication to client service.

Our affiliates provide global electronic brokerage services around the clock across various asset classes, including stocks, options, futures, currencies, bonds, and funds, serving clients in over 200 countries and territories. We cater to individual investors and institutions, including financial advisors, hedge funds, and introducing brokers. Our cutting-edge technology, competitive pricing, and global market access empower our clients to maximize their investment potential.

Barron's has named Interactive Brokers the #1 online broker for six consecutive years. Join our dynamic, multinational team and contribute to a company that simplifies and enhances financial opportunities through state-of-the-art technology.