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Reference # : 19-01209 Title : Model Validation Analyst
Location : Plano, TX
Position Type : Contract
Experience Level : Start Date : 03/13/2019  
Description
Req ID: TYA715892
Job Title:  Model Validation Analyst
Work Location: Plano, TX
Contract Duration: 12m+
 
 
Company Background:
Our client, a major employer in the area, is looking for a Model Validation Analyst to be part of a project management team in its North American headquarters.
Position Summary:
 
 
Overview:
 
Our 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 will 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
  • Discovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation
  • Provides subject matter expertise on models' strength and weakness and recommend practical solutions
  • Validates models assigned by model governance committee
  • Discusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed
  • Utilizes 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 
    Must Have:
     
  • Advanced Degree. Master's Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is preferred
  • 5+ years of financial model development or model validation experience
  • 3+ years of work experience in using SAS and SQL
  • Quantitative analysis skills
  • Work experience in Financial Industry
  • Model development or  validation experience in PD, LGD, Prepayment and Cash Flow models 
    Preferred/ Nice-to-haves:
     
  • Working experience in CECL or IFRS 9
  • Working experience in CCAR
  • Working experience in using R