Model Validation Analyst

Satnam Data Systems, Inc; Plano (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

Satnam Data Systems, Inc in Plano, Texas is looking for a motivated Model Validation Consultant. The key responsibilities include supporting the model validation team, diagnosing modeling risks, and validating models assigned by the governance committee.

The ideal candidate should have a Master's Degree in a relevant field, with at least 5 years of experience in financial modeling or model validation, and expertise in SAS and SQL. The position offers a dynamic environment with opportunities for professional growth.

Qualifications

• 5+ years of financial modeling development or model validation experience.
• 3+ years of work experience in SAS and SQL.
• Strong quantitative analysis skills.

Responsibilities

• Support the model validation team to mitigate the model risks.
• Diagnose modeling related risks including input data and methodology.
• Validate models assigned by the model governance committee.

Skills

Financial modeling

Model validation

Quantitative analysis

SAS

SQL

Education

Master's Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent

PhD in relevant field

Tools

SAS

SQL

R

Job description

The client's Customer Analytics, Capital and Modeling Department is looking for a highly motivated and qualified Model Validation Consultant to support its objectives. The primary responsibility of this role is to support the model validation team to mitigate the model risks under the model governance for the entire client. The team is responsible to client and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions.

Key Responsibilities

• Support the model validation team to mitigate the model risks
• Discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation
• Provide subject matter expertise on models' strength and weakness and recommend practical solutions
• Validate models assigned by model governance committee
• Discuss validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
• Utilize 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 hiring manager and provide ad hoc support to him

Qualifications

• Master's Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is preferred
• 5 plus years of financial modeling development or model validation experience
• 3 plus years of work experience in SAS and SQL
• Quantitative analysis skills
• Preferred or Nice to haves:
• Work experience in R
• Work experience in Auto Financial Industry
• Work knowledge in Lease Residual Value
• Banking industry experience
• Auto Finance experience

EEO Statement

All your information will be kept confidential according to EEO guidelines.