Technical Model Validator
Previous Job
Technical Model Validator
Ref No.: 18-05964
Location: New York, New York
Global Financial Firm has a Contract Opportunity in NYC

Understanding of liquidity specific models in the past, and understanding of how they work. Will be doing some replication of coding and look in in-house sources.
Quant skills less important than liquidity models; doesn't want to see quant heavy folks with little liquidity, and doesn't want to see heavy liquidity folks with little quant.
Need to source documentation that model developers own.
Needs good communications skills and needs to be able to work well with others.
Needs to write succinct risk and control validation report that will go up to senior management; needs to be able to put it into presentation materials.
Will not be building the models because this is 2nd line of defense; team does model validation.

Subject matter expert and owner of regular validation of Liquidity risk models and methodologies.
Independent compilation of detailed validation reports, follow-through on mitigation of validation findings and documentation thereof
Development of challenger models and methodologies including independent data collection and complex statistical analysis and testing
Directly interact with auditors/regulators as subject matter expert for assigned models
Development of subject-matter/technical expertise on model validation and training of team members
Ensure regulatory compliance specific to SR11-7 guidance for liquidity model risk management
Regionally adapt policies into procedures and templates for liquidity model risk validation
Build internal and external relationships when communicating model validation aspects across all levels of the organization including senior management at Group and within the Americas