Remote And Freelance - Model Validation Analyst

Riskspan Columbia , MD 21044

Posted 2 weeks ago

We are searching for Model Validation analyst who can work on ad-hoc project basis. Can be remote.

Primary Responsibilities:

  • Support model validation process for Anti-Money Laundering (AML) models.

  • Assist with development and execution of specific validation plan to include reviews of inputs, outputs, model theory, controls and documentation. Model calibration assistance may also be required.

  • Review the underlying assumptions, inputs, conceptual soundness and theory, developmental evidence, implementation and output of the model being evaluated.

  • Perform statistical analysis, benchmarking and back-testing of AML models.

  • Identify and quantify model risk associated with the model being validated.

  • Document results of model validation procedures. Prepare validation report and technical documents for the model being validated.


  • Advanced Degree in Statistics, Economics, Finance, Physics, Math, or Engineering preferred

  • 3+ years of specific experience with AML model validation required

  • CAMS certification is required

  • OCC (SR 11-7)

  • Experience with Model Validation preferably experience managing a model validation engagement is required

  • Experience required with one or more of the following systems

  • Actimize

  • Verafin

  • Patriot Officer

  • BAM+

  • FCRM (Fiserv)

  • Experience calibrating the models preferred

  • Excellent written and verbal communication skills with a focus on detailed and clear technical writing.

  • Stellar references on past project work required

  • Consulting experience preferred

  • Remote work allowed with periodic site visits

About RiskSpan

RiskSpan is a leading source of analytics, modeling, data and risk management solutions for the Consumer and Institutional Finance industries. We solve business problems for clients such as banks, mortgage-backed and asset-backed securities issuers, equity and fixed-income portfolio managers, servicers, and regulators that require our expertise in the market risk, credit risk, operational risk and information technology domains.

Riskspan is proud to be an Equal Opportunity/Affirmative Action employer committed to hiring a diverse workforce and sustaining an inclusive culture. Qualified candidates must be legally authorized to be employed in the United States on an unrestricted basis.

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Remote And Freelance - Model Validation Analyst