Model Validation Consultant

Model Validation Consultant

Job Title: Model Validation Consultant
Contract Type: Permanent
Location: New York, USA
Salary: £130000.00 - £145000.00 per annum + Bonus
Reference: HQ00087987_1551368296
Contact Name: Adam Butler
Contact Email:
Job Published: February 28, 2019 15:38

Job Description

A commercial bank with over $25bn in assest is currently looking to hire a quantitative model validation expert with experience in debt security products.

This is a great opportunity to build validation work plans, gain experience on CECL regulations and take a lead of validation activities.

What Will I Be Doing?

  • Responsible for development, independent validation and implementation of Credit Loss
  • Forecasting Models as per CECL /IFRS9 and SR11-7 regulatory requirements
  • Independently develop/validate models using various statistical techniques
  • Manage cross-functional (IT, Finance, Risk, Ops) projects addressing data, process, model, analytics and policy gaps involving quantitative risk models

What Experience Do I Need?

  • 5-8 years Model development and/or Model Validation experience in Securities products (Agency CMBS, Municipal Bonds, Collateralized Loans(CLO), Corp Bonds and MBS Pools, and RMBS).
  • Past experience in Moody's CMM, MPA, CreditEdge and Impairment studio product(s) and structured finance APIs.
  • Past experience in valuation and reserves calculations of securities products (Agency CMBS, Municipal Bonds, Collateralized Loans(CLO), Corp Bonds and MBS Pools) held by treasury departments or investment banking.
  • Knowledge of Model validation life cycle including working with model sponsor, model developers, model governance and internal audit.
  • Understanding of model Governance Regulations and Fed requirements around Model Risk Management, CECL, CCAR, IFRS9 etc.

What Next?

If you are interested in applying for this position please feel free to contact me on or click 'apply now' on this page.

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