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Form of workOpen Systems Technologies is a national provider of smart staffing solutions, providing contract staffing, permanent placements and executive searches in the following skill areas:
- Technology
- Finance, Accounting, and Operations
- Government Services
- Legal
- Global Services
Established in New York in 1990, Open Systems Technologies is one of the largest, privately held, staffing companies in the world. We have experienced organic growth over the past 25 years and currently employ over 1,500 consultants in 16 domestic and international markets. Through our brands of Open Systems, OST Financial, OST Legal, OST Government Services, and OST Global we strive for continued expansion and excellence in the staffing industry. With the Global Services division, starting Jan-2012, Open Systems has expanded into the ITO & BPO Projects/Solutions business.
Responsibilities:
Perform independent model validations primarily of internal Credit models
Assess statistical, theoretical conceptual soundness
Evaluate industry practices
Outcome analysis, in-sample/out of sample test, benchmarking, back testing, sensitivity tests
Verify model implementation and performance
Data Quality Check
Write validation reports
Requirements:
1. 7+ years of hands on experience working within the analytics or quantitative research team in the financial industry.
2. Proven track record of strong quantitative hands-on model development or validation
3. Proven expertise in quantitative modeling with financial ratios.
4. Prior experience on model validation projects
5. Working knowledge of one or more of the following programming platforms: SAS, R, SQL, VBA, Matlab etc.
6. Proven expertise in writing validation reports
7. Strong knowledgeable about the model risk management and the associated regulatory requirements. Knowledge on regulatory mandates such as Basel, CCAR, ICAAP etc.
8. Advance Degree in Economics/ Econometrics, Statistics, Financial Engineering, mathematics - statistics, or related field (Masters). PhD is an advantage
All your information will be kept confidential according to EEO guidelines.
