Model Validator

Sept 2017 Branding; New York (NY); On-site; USD 60,000 - 80,000; Full time

Job summary

A leading company in financial services is seeking a Model Validator in New York, NY. This role involves validating CLS models, conducting model validation activities in accordance with internal policy, and performing quality assurance for model risk reporting. The ideal candidate should have 0-3 years of experience in model risk management, a Bachelor's degree, and familiarity with statistical tools such as R and Python. This position offers the chance to work in a dynamic environment prioritizing integrity and stakeholder collaboration.

Qualifications

• 0-3 years’ experience in model risk management at a regulated financial institution.
• Understanding of settlement and clearing is a plus.
• Knowledge of US Banking Regulations is a plus.
• Experience in working with statistical models.

Responsibilities

• Validate CLS models and maintain model validation standards.
• Conduct model validation activities based on internal policy.
• Perform quality assurance for model risk reporting.
• Collaborate with Model Governance for adherence to standards.

Skills

Attention to detail

Verbal communication

Written communication

Interpersonal communication

Education

Bachelor's degree

MS/MA or MBA

Tools

SAS

MATLAB

S-Plus

R

Python

C++

Job description

Essential Function / major duties and responsibilities of the job

Strategic

• The Model Validator is responsible for validating CLS models, maintaining model validation standards and procedure documents, engaging with CLS MRM stakeholders on model risk matters, and MRM reporting.

Operational

• Conduct model validation activities based on internal MRM policy and procedures.
• Conduct and perform quality assurance for model risk reporting.
• Communicate effectively with CLS businesses on model risk matters.
• Collaborate with the Model Governance to ensure model governance and standards are appropriate for the firm’s risk profile and ensure enterprise-wide adherence.

Leadership

• Execute model validation.
• Enhance capabilities to operate MRM developed challenger/benchmark models.

Experience / essential and desired for successful job performance

• 0-3 years’ experience in the model risk management at a regulated financial institution.
• Understanding of settlement and clearing, and the differences is a plus.
• Knowledge of US Banking Regulations (Federal Reserve Board) is a plus.
• Experience in working with statistical models.

Qualifications / Certifications

• Bachelor’s degree is required; MS/MA or MBA is desired.
• Experience with numerical and statistical tools: e.g. SAS, MATLAB, S-Plus, R, Python, C++.

Knowledge, skills and abilities / competencies required for successful job performance

• Attention to detail to ensure consistent, correct, and accurate execution of model validation and reporting.
• Knowledge of regulatory guidance on model risk management and industry best practice.
• Knowledge of capital market products, esp. FX.
• Strong verbal and written communication skills.

Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position

• Excellent interpersonal communication skills, both written and verbal.
• High ethical standards and a profound sense of integrity and confidentiality.
• Challenging assumptions and maintaining independence and objectivity.
• Build consensus, to influence both internal and external stakeholders.
• Results oriented team player.
• Ability to effectively take and drive initiative.
• Self-starter, energetic; strive for excellence.

Equal Opportunity Employer
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