Model Validation Analyst

Satnam Data Systems, Inc

$90K — $120K *
Plano, TX 75025In-Person
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's Degree in Statistics, Econometrics, Finance, or Operations Research (PhD preferred)
  • 5+ years in financial modeling development or model validation
  • 3+ years of experience with SAS and SQL
  • Strong quantitative analysis skills
  • Experience with R and Auto Finance is a plus

Responsibilities

  • Support model validation team to mitigate model risks
  • Identify and diagnose modeling-related risks throughout the process
  • Provide expertise on models' strengths and recommend practical solutions
  • Validate models as assigned by the governance committee
  • Discuss validation results with model owners to build consensus
  • Utilize express validation for new model development and quick fixes
  • Review model documents and conduct test runs on model codes

Benefits

  • Collaborative work environment
  • Opportunity to impact model governance
  • Exposure to diverse modeling challenges
  • Professional development opportunities
  • Supportive management team and mentorship
Full Job Description
The client's 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. Key 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 Qualifications Master's Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is preferred 5 plus years of financial modeling development or model validation experience 3 plus years of work experience in SAS and SQL Quantitative analysis skills Preferred or Nice to haves: Work experience in R Work experience in Auto Financial Industry Work knowledge in Lease Residual Value Banking industry experience Auto Finance experience

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