Consultant, Quantitative Consulting

Forvis Mazars US; Chicago (IL); On-site; USD 64,000 - 93,000; Full time

Job summary

Forvis Mazars US seeks a client-facing Quantitative Consultant to join our Quantitative & AI Solutions team. You will lead end-to-end model lifecycles, including development and independent validation, while ensuring governance and controls in regulated environments, engaging with senior stakeholders across Risk, Finance, and Technology.

You’ll work on models spanning CECL, ALM/IRR, capital and liquidity, and regression, delivering rigorous testing, reporting, and actionable recommendations.

Qualifications

• Bachelor's degree in finance, economics, statistics, mathematics, engineering, or computer science.
• Proficiency with Microsoft Office suite applications.

Responsibilities

• Model validation and effective challenge: Assess the conceptual soundness, applicability, and limitations of mathematical and statistical model methodologies.
• Data and assumptions review: Evaluate data inputs, assumptions, and model design choices to confirm they are appropriate, complete, and well supported.
• Testing and performance analysis: Test computational accuracy and perform outcomes analysis, including back-testing, benchmarking, and sensitivity review as appropriate.
• Model coverage: Validate and challenge a range of analytical models, including CECL, ALM/IRR, capital and liquidity stress testing, scorecard, compliance/regulatory, regression, and economic capital models.
• Reporting and stakeholder communication: Document testing results, conclusions, limitations, and recommendations in clear reports for model owners, executives, and other key stakeholders.
• Project execution: Prioritize multiple workstreams, manage competing deadlines, and maintain strong attention to detail across engagements.
• Analytical rigor: Apply strong analytical, organizational, and problem-solving skills to complex quantitative and model risk management issues.
• Communication: Present technical concepts and findings clearly through effective written and verbal communication.
• Collaboration: Work effectively both independently and as part of a team in client-facing delivery environments.

Skills

Data analysis

Python

R

SQL

Education

Bachelor's degree in a quantitative discipline

Tools

SQL

Excel

Job description

Description & Requirements

We are seeking a dynamic, client facing Quantitative Consultant to join our Quantitative & Artificial Intelligence (AI) Solutions team. This role is designed for a well-rounded quantitative manager who combines deep, hands-on modeling expertise with the leadership and delivery discipline required to build, validate, govern, and run models in complex, highly regulated environments.

We are seeking a dynamic, client facing Quantitative Consultant to join our Quantitative & Artificial Intelligence (AI) Solutions team. This role is designed for a well-rounded quantitative manager who combines deep, hands-on modeling expertise with the leadership and delivery discipline required to build, validate, govern, and run models in complex, highly regulated environments.

You will work with large, systemically important financial institutions and other complex banking organizations, partnering with senior stakeholders across Risk, Finance, Treasury, Compliance, and Technology to strengthen their model development, model validation, model risk management (MRM), and model operations capabilities in alignment with SR 11-7 expectations.

Model portfolios span traditional statistical approaches and advanced machine learning, and include key banking risk domains such as credit risk, market risk, and liquidity/treasury models. SR 11-7 emphasizes robust model development, implementation and use, effective independent validation, and strong governance, policies, and controls, all of which are central to this role.

As a Consultant, you will bring proven experience leading end-to-end model lifecycles, including hands-on development and independent validation of individual models, plus the operating model, controls, and tooling required to run MRM at scale.

What You Will Do

• Model validation and effective challenge: Assess the conceptual soundness, applicability, and limitations of mathematical and statistical model methodologies.
• Data and assumptions review: Evaluate data inputs, assumptions, and model design choices to confirm they are appropriate, complete, and well supported.
• Testing and performance analysis: Test computational accuracy and perform outcomes analysis, including back-testing, benchmarking, and sensitivity review as appropriate.
• Model coverage: Validate and challenge a range of analytical models, including CECL, ALM/IRR, capital and liquidity stress testing, scorecard, compliance/regulatory, regression, and economic capital models.
• Reporting and stakeholder communication: Document testing results, conclusions, limitations, and recommendations in clear reports for model owners, executives, and other key stakeholders.
• Project execution: Prioritize multiple workstreams, manage competing deadlines, and maintain strong attention to detail across engagements.
• Analytical rigor: Apply strong analytical, organizational, and problem-solving skills to complex quantitative and model risk management issues.
• Communication: Present technical concepts and findings clearly through effective written and verbal communication.
• Collaboration: Work effectively both independently and as part of a team in client-facing delivery environments.

Minimum Qualifications

• Education: Bachelor's degree in a quantitative discipline, such as finance, economics, statistics, mathematics, engineering, or computer science.
• Technical proficiency: Proficiency with Microsoft Office suite applications.

Preferred Qualifications

• Experience with data analysis, quantitative analysis, and data validation
• Competency in programming in languages such as R or Python and database management such as SQL
• CFA, FRM, or similar risk management-related credentials.Prior consulting or professional services experience leading client engagements in model risk, validation, or quantitative analytics.

About Forvis Mazars, LLP

Forvis Mazars, LLP is an independent member of Forvis Mazars Global, a leading global professional services network. Ranked among the largest public accounting firms in the United States, our 7,000+ team members deliver assurance, tax, and consulting services to clients in all 50 states and internationally. With a legacy spanning more than 100 years, we’re building something different. We are guided by a shared promise: Together, we create extraordinary experiences. That means delivering an Unmatched Client Experience while creating a workplace where relationships matter, learning fuels growth, and every person feels valued and supported to thrive.

What We Offer

Our robust total rewards program and flexible work environment reflect our commitment to people, careers, and well-being-empowering our team to grow and thrive while delivering exceptional service. To explore what makes working at Forvis Mazars special, visit www.forvismazars.us/careers.

Legal Notice

Forvis Mazars, LLP is an equal opportunity/affirmative action employer in accordance with applicable law. Employment selection and related decisions are made without regard to age, race, color, sex, sexual orientation, national origin, religion, genetic information, disability, protected veteran status, gender identity, or other protected classifications.

It is Forvis Mazars, LLP standard policy not to accept unsolicited referrals or resumes from any source other than directly from candidates.

Forvis Mazars, LLP expressly reserves the right not to accept unsolicited referrals, resumes or CVs from vendors including and without limitation, search firms, staffing agencies, fee-based referral services, and recruiting agencies.

Forvis Mazars, LLP further reserves the right not to pay a fee to a recruiter or recruiting agency unless such recruiter or recruiting agency has a signed vendor agreement with Forvis Mazars, LLP. Any resume(s) or CV(s) submitted to anyone working for Forvis Mazars, LLP, or submitted to a Forvis Mazars, LLP general email, without having a Forvis Mazars, LLP vendor agreement in place, will be considered the property of Forvis Mazars, LLP.

New York City Pay Transparency: Pursuant to the pay transparency laws of New York State and other local ordinances within the state including (but not limited to) New York City, the salary range displayed is for the New York markets. The salary for this role will be based on the experience, education, and skill set of the individual for the position. Total compensation and benefits consist of salary, group health plan benefits, 401(K), profit-sharing contributions, flexible time off, and parental leave. Forvis Mazars reserves the right to make changes to the salary range based on business needs.

Illinois Wage Transparency: Pursuant to Illinois' Equal Pay Act, the salary range displayed is for the Illinois market. The salary for this role will be based on the experience, education, and skill set of the individual for the position. Non-exempt/hourly positions will be eligible for time and half pay for employees that work over 40 hours in a workweek. Benefits are eligibility-based and could include group health plan benefits, 401(K), bonuses, profit-sharing contributions, flexible time off, and parental leave. For more information on benefits, please visit https://resourcecenter.forvismazars.us/. Forvis Mazars reserves the right to make changes to the salary range based on business needs.

New York Salary Range

NY Minimum Salary (USD)

$ 69,200

NY Maximum Salary (USD)

$ 101,530

Illinois Wage Transparency

IL Minimum Salary (USD)

$ 63500

IL Maximum Salary (USD)

$ 93060