Financial Data Scientist

Cloudstaff Philippines Inc.; Philippines; On-site; PHP 800,000 - 1,200,000; Full time

Benefits offered by this job

Employee Share Units program

Health & life insurance on day 16 with

PC/Laptop provided

Job summary

Cloudstaff Philippines Inc. is seeking an experienced Model Validator to assess model soundness and performance. You will collaborate with developers to identify model risks and perform hands-on validations, delivering reports for senior management and regulators.

The role requires 3+ years in model development/validation, strong Python or R skills, and familiarity with AI/ML models and SR 11-7 regulations. A fast-paced environment and solid project management are essential.

Qualifications

• Bachelor’s degree in a quantitative discipline such as Economics, Math, CS, Data Science, etc.
• At least 3 years of experience in model development or validation.
• Familiarity with models in financial markets, including AI/ML models.
• Proficiency in Python or R, data wrangling, AWS.
• Strong written and oral communication skills with ability to articulate validation work and risk assessment.
• Familiarity with SR 11-7 and regulatory frameworks related to model risk management.
• Ability to work in a fast-paced environment with strong project management and delivery track record.

Responsibilities

• Implement model validation plans to review and assess the soundness and performance of various models.
• Work closely with model developers to identify risks introduced by the use of models.
• Perform independent hands-on model validations and analyses.
• Prepare model validation reports detailing findings, recommendations, and conclusions for senior management, regulatory bodies, and auditors.
• Assist with regular model risk tracking and reporting, including remediation and closure of identified issues.

Skills

Analytical thinking

Communication skills

Regulatory knowledge SR 11-7

Model risk management

Education

Bachelor's degree in quantitative field

Tools

Python

R

AWS

Job description

Job Description

• Implement model validation plans to review and assess the soundness and performance of various models,
• Work closely with model developers to identify risks introduced by the use of models,
• Perform independent hands-on model validations and analyses,
• Prepare model validation reports detailing findings, recommendations, and conclusions for senior management, regulatory bodies, and auditors,
• Assist with regular model risk tracking and reporting, including the remediation and closure of identified issues.

Qualifications and Requirements

• A minimum of Bachelor’s degree in a quantitative discipline, such as Economics, Math, Computer Science, Data Science, etc.
• A minimum of 3 years of experience working in model development or model validation.
• Familiarity with models in financial markets, e.g. models used for credit risk, fraud, market risk, and liquidity risk, including AI/ML models.
• Proficiency in Python or R, data wrangling, AWS.
• Strong written and oral communication skills, with ability to articulate validation work performed and resulting risk assessment.
• Familiarity with industry regulations and regulatory frameworks related to model risk management, such as SR 11-7.
• Ability to work and thrive in a fast-paced environment, with strong project management and delivery track record.

Perks and Benefits

• Become part of the Employee Share Units program
• Cloudstaff Dream Points - To be used for bidding useful items like appliances, kitchenettes etc.
• Comprehensive health and life insurance on your 16th day of employment, covering 1 free dependent on the 16th day of employment
• Endless opportunities for career advancement
• In-house psychiatrist available to support employees' well-being
• International career growth and connections
• Mental Wellness Employee Assistance program through Lifeworks
• Participate and join our CS Social Clubs and Special Interest Groups to connect with colleagues
• Quarterly perks boxes for WFH staff, offering groceries and snacks to keep you fueled
• Superb and exciting Mid-Year Parties – with items to give away and cash prizes!
• Unlimited cash incentives for hired referrals
• We set you up for success with a company-provided PC/Laptop

Cloudstaff : Build Your Career, Anywhere

Established in 2005, Cloudstaff is a leading outsourcing company that empowers businesses to thrive through smarter talent solutions. We're passionate about creating a work environment that fosters your professional growth and overall well-being.

Why Cloudstaff is the #1 Workplace?

• Award-winning Culture: We're committed to building the #1 Workplace Everywhere, with a proven track record of staff engagement initiatives and industry recognition.
• Invest in You: We support your development through comprehensive training programs, mentoring and opportunities for career advancement.
• Thrive as an Individual: We offer a strong work-life balance with flexible schedules, meaningful perks and a collaborative team environment.