Address
Form of workImmediate need for a Model Validation Analyst for a position in the Banking & Financial Industry. This is a 6+ month’s contract opportunity with long-term potential located in Plano , TX. Please review the job description below:
Job ID: 18-23304
Key Responsibilities/ Technology Experience:
Our client is a leading Banking & Financial Industry and we are currently interviewing to fill this and other similar contract positions. Qualified candidates should apply online for immediate consideration.
Job ID: 18-23304
Key Responsibilities/ Technology Experience:
- Support the Model Validation team to mitigate the model risks
- Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
- Provides subject matter expertise on models strength and weakness and recommend practical solutions
- Validates models assigned by model governance committee
- Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
- Utilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.
- Review model documents, and conduct test runs on model codes
- Provide different view on methodology and calculations, and provide feedback to model developers
- Work on Model Validation reports with - and provide ad hoc support to him
- Must Have: Bachelor’s Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent REQUIRED.
- Master’s or PhD in Statistics, Econometrics, Finance, Operations Research, or equivalent HIGHLY preferred
- 5+ years of financial model development or Model Validation experience
- 3+ years of work experience in using SAS and SQL
- Quantitative analysis skills
- Work experience in Financial Industry
- Model development or validation experience in PD, LGD, Prepayment and Cash Flow models
- Preferred/ Nice-to-haves: Working experience in CECL or IFRS 9
- Working experience in CCAR
- Working experience in using R
Our client is a leading Banking & Financial Industry and we are currently interviewing to fill this and other similar contract positions. Qualified candidates should apply online for immediate consideration.
