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Model Validation Consultant

Pyramid Consulting, Inc - Plano, TX



Job Description
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: 18-00836Overview: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:\tSupport the model validation team to mitigate the model risks\tDiscovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementation\tProvides subject matter expertise on models’ strength and weakness and recommend practical solutions\tValidates models assigned by model governance committee\tDiscusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if needed\tUtilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.\tReview model documents, and conduct test runs on model codes\tProvide different view on methodology and calculations, and provide feedback to model developers\tWork on model validation reports with hiring manager and provide ad hoc support to him Must Have:\tAdvanced Degree. Specify: Master’s Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is preferred\t5 years of financial model development or model validation experience\t3 years of work experience in using SAS and SQL\tQuantitative analysis skills\tWork experience in Financial Industry\tModel development or validation experience in PD, LGD, Prepayment and Cash Flow models Preferred/ Nice-to-haves:\tWorking experience in CECL or IFRS 9\tWorking experience in CCAR\tWorking 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. 

6 days 23 hours ago

Pyramid Consulting, Inc

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Model Validation Consultant Pyramid Consulting, Inc - Plano, TX, United States

   

Location: Plano, TX

Company Profile:
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