Previous Job
Previous
CW Model Validation Analyst
Ref No.: 18-06307
Location: Plano, Texas
Model Validation Analyst
12+ months
Plano, TX
 
Overview:
  • The Client 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 Client.
  • The team is responsible to Client 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.
 
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