Job Role:-Model Validation Professional
Location:- Detroit MI , GRAND RAPIDS MI (hybrid)
Duration:- Permanent / full time
We are seeking Model Validation Professionals. This role will be responsible for providing independent review and validation of various capital, risk, margin, and other models. You will evaluate models based on various aspects, including model data and parameters, design and methodology, implementation, and model documentation. You will also perform model benchmarking using alternate approaches, assess model assumptions and limitations, and verbally communicate validation results and discuss issues, challenges, and methodologies with internal audiences.
Responsibilities
Provide independent review and validation of various capital, risk, margin, and other models
Evaluate models based on various aspects, including model data and parameters, design and methodology, implementation, and model documentation
Perform model benchmarking using alternate approaches
Assess model assumptions and limitations
Verbally communicate validation results and discuss issues, challenges, and methodologies with internal audiences
Support tracking of corrective action plans for models and ensure that they are closed appropriately
Engage in the entire model lifecycle, describe, and support model validation outcome during model approval process
Qualifications
Strong educational background - Degree (Masters in Finance Statistics ++)
Experience working with model owners, developers, and users to ensure models are operating within the framework of the Model Risk Management Policy
General knowledge of stochastic calculus, statistical analysis, derivatives pricing theory across one or more asset classes (IR/FX/Credit/Equity), traded products, and market/credit risk
Industrial Financial Services experience performing one of the following: model validation, model development, risk management, or related fields is a plus
Understanding of SR 11-7 guidance on model risk management
Excellent communication skills across all levels of seniority
Strong interpersonal skills, with good relationship building and engagement skills
Proficiency in Microsoft Office suite, particularly Excel, Word, and PowerPoint
Lovepreet Singh
Account Manager
m: +1 669-309-1773
w:
LinkedIn:
“Disclaimer: E-Solutions Inc. provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. We especially invite women, minorities, veterans, and individuals with disabilities to apply. EEO/AA/M/F/Vet/Disability.”
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