Kraken

London

1,001-5,000 employees

We put the power in your hands to buy, sell, and trade digital currency

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Model Validation Analyst - Compliance Systems

Kraken

Model Validation Analyst - Compliance Systems

Other

This job is no longer open

About Kraken

Our mission is to accelerate the adoption of cryptocurrency so that you and the rest of the world can achieve financial freedom and inclusion. In our first decade, Kraken has risen to become one of the largest, most successful and respected crypto exchanges on the planet.

We are changing the way the world thinks about finance and our range of successful products are playing a critical role in the mainstream adoption of crypto assets. We continue to trail-blaze into new territory with the introduction of Kraken Bank, providing a more seamless integration between crypto and the traditional financial system. This makes us the first crypto company (ever) to be awarded a U.S. state banking charter.

Our diverse group of 2,000+ Krakenites are distributed all over the world as part of our 'remote first' culture, united by a shared passion for delighting customers, upholding crypto values and achieving our meaningful mission. We attract people who push themselves to improve, are radically transparent and think differently in order to unlock their potential.

Crypto is a rapidly evolving industry and we’re just getting started. We’re growing fast and you're invited to join the revolution!

About the role:

We are looking for a Model Validation Analyst with a background in statistics, model validation, or technical systems testing. In this role, you will be responsible for carrying out model validation on our in-house and third-party vendor models. You will work closely with stakeholders in Compliance, Product and Engineering - as well as with vendors - to help Kraken be compliant with model validation requirements in all of the areas we service.

The ideal candidate should have some familiarity using Python and SQL to design and implement output testing in a professional setting, ideally in the banking sector or with a similar financial services provider.

Responsibilities

Helping Kraken demonstrate effective challenge for the models it uses in support of mitigating customer and compliance risk
Perform and document rule testing and tuning activities including back-testing, above- and below-the-line testing, benchmarking and sensitivity analysis.
Lead and document formal model validation review meetings with Compliance stakeholders and ensure that agreed recommendations are implemented.
Develop and implement test scripts for model validation backtesting and output analysis
Prepare technical and systems documentation in collaboration with other teams (Product, Engineering).
Conduct timely ad-hoc and scheduled data analysis to support the Compliance team.

Requirements

2+ years experience using Python or SQL in a professional environment
Experience with rule testing and threshold tuning in a Financial Compliance or Fraud setting
Proven ability to perform model validation work according to OCC/NYDFS standards, or according to other similar regulatory requirements globally
Ability to thrive in an environment of ‘freedom with responsibility’.
Ability to collaborate effectively with colleagues across functions.
Experience with Gitlab or similar version control software
Experience with Jira and Confluence.

Location Tagging: #US #EU

We’re powered by people from around the world with their own unique backgrounds and experiences. We value all Krakenites and their talents, contributions, and perspectives.

Check out all our open roles at https://www.kraken.com/careers. We’re excited to see what you’re made of.

Learn more about us

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This job is no longer open