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