Model Validation Consultant

Pyramid, Inc

Plano, TX

JOB DETAILS
JOB TYPE
Full-time
SKILLS
Analysis Skills, Capital Analysis, Cash Flow, Comprehensive Capital Analysis and Review (CCAR), Consulting, Data Entry, Documentation Models, Econometrics, Finance, Financial Modeling, Financial Operations, Financial Services, Identify Issues, International Financial Reporting Standards (IFRS), Legal, Model Review, Model Validation, Operations Research, Problem Solving Skills, Quantitative Analysis, R Programming Language, Risk Management, Risk Modeling, SQL (Structured Query Language), Statistical Analysis System (SAS), Statistics, Strategic Planning
LOCATION
Plano, TX
POSTED
2 days ago
Immediate need for a Model Validation Consultant, having experience of any Industry. This is a 12 months contract opportunity with long-term potential located in Plano TX. Please review the job description below: Job ID: 18-00836 Overview: The 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 organisation. The team is responsible to discover and 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. Specify: 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 Our client is a leading Financial Services provider and we are currently interviewing to fill this and other similar contract positions. Qualified candidates should apply online for immediate consideration.

About the Company

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Pyramid, Inc

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