Immediate need for a talented CW Model Validation Analyst with experience in the Banking & Financial Industry. This is a 08+ Months Contract opportunity with long-term potential and is located in Plano, TX. Please review the job description below.
Job ID: 18-15953
Key Responsibilities and 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
· Advanced Degree. Specify: Master’s Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is 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. If you are interested in this position, please apply online for immediate consideration.
Job ID: 18-15953
Key Responsibilities and 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
· Advanced Degree. Specify: Master’s Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is 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. If you are interested in this position, please apply online for immediate consideration.