Validation Senior Analyst Model Risk -Chicago, IL -Hybrid

FinTrust Connect; Chicago (IL); Hybrid; USD 96,432 - 206,640; Full time

Job summary

A financial consultancy in Chicago is seeking a Validation Senior Analyst to lead model validations across market and credit risk. Candidates should have 4-7 years of experience in model validation, backtesting, and familiarity with tools like Python and SQL. This hybrid role offers consultant pay between $70 and $150 per hour, with the possibility of remote work options. Strong report writing skills are essential for engaging with risk and audit stakeholders.

Qualifications

• 4 to 7 years in model validation or quantitative audit.
• Proven work on backtesting and benchmarking.
• Comfort with version control and notebooks.

Responsibilities

• Lead testing across market, credit, and treasury models.
• Execute full scope validations with reproducible scripts.
• Draft findings with severity, dates, and ownership.
• Build monitoring KPIs and drift checks.
• Prepare exam evidence and respond to RFIs.

Skills

Model Validation

Backtesting

Benchmarking

Python

R

SQL

Report Writing

Job description

About the job Validation Senior Analyst Model Risk -Chicago, IL -Hybrid

FinTrust Connect Chicago IL Hybrid

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Join our Talent Community for Chicago based opportunities across banks and broker dealers. On site access supports committee sessions and closure testing. Market postings in Chicago highlight senior analyst scope with full coverage of conceptual soundness and benchmarking and implementation checks.

As a Validation Senior Analyst you will lead testing across market and credit and treasury and AML models, produce clear issues and action plans, and support monitoring setup for production.

Requirements

4 to 7 years in model validation or quantitative audit

Proven work on backtesting and benchmarking and implementation and performance monitoring

Python or R and SQL and comfort with version control and notebooks

Strong report writing for risk and audit stakeholders

Responsibilities

Execute full scope validations with reproducible scripts

Benchmark models with challengers and independent data

Draft findings with severity and dates and ownership

Build monitoring KPIs and drift and stability checks

Prepare exam evidence and respond to RFIs

Outcomes we track

Documentation completeness 100%

Repeat findings down 30% in 2 quarters

Compensation and terms

Consultant pay $70 to $150 per hour

Contract Hybrid Chicago IL or Remote US W2 or 1099

Keywords
Model Validation, Market Risk, Credit Risk, SR 11 7, Backtesting, Benchmarking, Python, R, SQL, Workpapers, Chicago, Governance, Committee, RFIs