Model Risk Specialist
Core
Validates and assesses risk of financial models to ensure appropriateness, capability, and compliance with risk management frameworks.
Role type
Model Risk Specialist (IC)
Builds
Model validation reports, risk assessments, and validation strategies for designated business portfolios.
Domain
Financial Services / Model Risk Management
Deliverable
production ML models | dashboards & analysis
Required skills
Statistical modeling, Python, SAS, R, SQL, Access/VBA, Model lifecycle knowledge, Risk policy frameworks, Quality control/testing frameworks
Preferred skills
Advanced degree in quantitative discipline, Experience with model vetting processes, Data-driven decision making
Technologies
Python, SAS, R, SQL, Access, VBA
Responsibilities
Independently validate/test models and assumptions against standards; Assess model capabilities, stress points, and associated risks; Develop validation strategies and plans; Quantify model risks and document outcomes; Monitor corrective actions and ensure compliance; Provide technical advice on model vetting frameworks.
Seniority
Mid-Senior, hands-on IC
