Model Risk Analyst-Validation
Core
Ensure the accuracy, reliability, and compliance of models in accordance with Company or regulatory standards and policies.
Role type
Model Risk Analyst (Validation)
Builds
Validation reports and analysis of model performance for internal and external stakeholders
Domain
Financial services / Model Risk Management
Deliverable
dashboards & analysis
Required skills
Python, MATLAB, C/C++, R, SAS, in-sample back-testing, time series analysis, statistics and probability, machine learning, feature engineering, regression modeling, model validation concepts
Preferred skills
Technical writing, cross validation, bias-variance tradeoff analysis
Technologies
Microsoft Word, LaTeX, Markdown, Git
Responsibilities
Perform validation and analysis of expert judgment or qualitative factors that augment quantitative models; Analyze financial data, trends, and regulations to identify potential opportunities for improvement; Develop new models to address changing risk environments; Monitor model performance and prepare reports for internal and external stakeholders; Document findings and provide guidance to other departments regarding model risk management
Seniority
Mid-level (3+ years experience)