ONLY ON W2 Job Title Model Validation Analyst Position Summary Reason for contingent headcount? Support model validation projects What is the project(s) name? IFRS 9 Model Validation (PD, LGD, Prepayment, Cash Flow, Stress Test) What are the key objectives for this resource (project summary)? Provides subject matter expertise on modelsrsquo strength and weakness and recommend practical solutions What specific client departments will they interact with? Risk Department, Customer Analytics, Capital and Modeling Department Overview The client Customer Analytics, Capital and Modeling Department is looking for a highly motivated and qualified Model Validation Consultant to support its objectives. The primary responsibility of this role is to support the model validation team to mitigate the model risks under the model governance for the entire client. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions. Key Responsibilities bull Support the model validation team to mitigate the model risks bull Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation bull Provides subject matter expertise on modelsrsquo strength and weakness and recommend practical solutions bull Validates models assigned by model governance committee bull Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed bull Utilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc. bull Review model documents, and conduct test runs on model codes bull Provide different view on methodology and calculations, and provide feedback to model developers bull Work on model validation reports with hiring manager and provide ad hoc support to him bull Requirements Requirements Must Have bull Advanced Degree. Specify Masterrsquos Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is preferred bull 5+ years of financial model development or model validation experience bull 3+ years of work experience in using SAS and SQL bull Quantitative analysis skills bull Work experience in Financial Industry bull Model development or validation experience in PD, LGD, Prepayment and Cash Flow models Preferred Nice-to-haves bull Working experience in CECL or IFRS 9 bull Working experience in CCAR bull Working experience in using R
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.