Banking Consultant

Compunnel, Inc.; New York (NY); On-site; USD 130,000 - 190,000; Full time

Job summary

A strategic consulting firm seeks a Banking Consultant with expertise in Model Risk Management and Agile methodologies. This role involves business/data analysis and Scrum Master tasks to drive model modernization initiatives. Candidates should have over 10 years of experience in financial services and a Bachelor’s degree in a related field. A strong understanding of risk for various financial instruments is essential. The position offers an opportunity to collaborate with multiple stakeholders and promote continuous improvement.

Qualifications

• 10+ years of experience as a Business Analyst or Scrum Master in financial services.
• Strong understanding of computing risk and valuation for Equity, Fixed Income instruments, and derivatives.
• Proven expertise in Model Risk Management and Control processes.
• Proven expertise in Model Risk Management and Control processes.

Responsibilities

• Collaborate with stakeholders to gather, analyze, and document business use cases for model modernization.
• Facilitate Agile ceremonies including sprint planning, daily stand-ups, and retrospectives.
• Build strong relationships with stakeholders across 15+ divisions and departments.
• Work closely with technical teams to ensure accurate implementation of business requirements.
• Facilitate Agile ceremonies including sprint planning, daily stand-ups, sprint reviews, and retrospectives.
• Promote Agile principles and continuous improvement within the team.
• Remove impediments and resolve conflicts to ensure smooth project execution.
• Track and report project progress, risks, and dependencies.

Skills

Model Risk Management

Business/Data Analysis

Agile Methodologies

Stakeholder Management

Analytical Skills

Problem-Solving Skills

Model Risk

Data Analysis

Regulatory Knowledge

Education

Bachelor’s degree in Business, Finance, Computer Science, or related field

Tools

Jira

Confluence

Job description

We are seeking a highly skilled Banking Consultant with deep domain expertise in Model Risk and Control processes to support a strategic Model Modernization initiative.

This role combines business/data analysis and Scrum Master responsibilities to drive the development of a scalable, distributed model ecosystem aligned with regulatory frameworks and internal governance standards.

The ideal candidate will work closely with stakeholders across multiple divisions and support the buildout of a centralized model data platform (ModelHub) and streamlined business processes (BPMN).

Key Responsibilities

Business Analysis

• Collaborate with stakeholders to gather, analyze, and document business use cases for model modernization.
• Translate business needs into detailed user stories, acceptance criteria, and process flows.
• Conduct gap analysis and recommend improvements to Model Risk and Control frameworks.
• Work closely with technical teams to ensure accurate implementation of business requirements.
• Facilitate Agile ceremonies including sprint planning, daily stand-ups, sprint reviews, and retrospectives.
• Promote Agile principles and continuous improvement within the team.
• Remove impediments and resolve conflicts to ensure smooth project execution.
• Track and report project progress, risks, and dependencies.

Domain Expertise

• Provide subject matter expertise in Model Risk Management, including governance, validation, and control processes.
• Ensure compliance with regulatory requirements such as PRA SS1/23 and industry best practices.
• Act as a liaison between business and technical teams to align project goals and deliverables.

Stakeholder Management

• Build strong relationships with stakeholders across 15+ divisions and departments.
• Communicate project updates, risks, and issues to senior leadership.
• Facilitate workshops and discussions to drive consensus and decision-making.

Required Qualifications

• Bachelor’s degree in Business, Finance, Computer Science, or a related field.
• 10+ years of experience as a Business Analyst or Scrum Master in financial services.
• Strong understanding of computing risk and valuation for Equity, Fixed Income instruments, and derivatives.
• Proven expertise in Model Risk Management and Control processes.
• Hands-on experience with Agile methodologies and tools (e.g., Jira, Confluence).
• Strong analytical, problem-solving, and communication skills.
• Ability to manage multiple priorities in a fast-paced environment.

Preferred Qualifications

• Advanced degree or certifications such as CFA, FRM, or Certified Scrum Master (CSM).
• Experience in model development, validation, or governance.
• Familiarity with regulatory frameworks such as Basel.
• Knowledge of data analytics, machine learning, or AI models.
• Experience with cloud-based model deployment and modernization strategies.