Model Validation Associate Director
HybridJersey City, New Jersey, United States
Job Summary
Conduct hands-on validations and reviews of models, write quality validation reports, and provide model approvals. Collaborate with the Project Management Office to maintain the validation schedule, coordinate oversight, and ensure timeliness. Work with model owners, developers, and users on validation and issue resolution, while preparing presentations to the Model Risk Governance Council for model approval and issue tracking. Challenge model performance and methodologies at monthly reviews, perform ad hoc analysis to identify limitations, and recommend remediation action plans. Review Model Performance Monitoring metrics and plans, opine on their appropriateness, and present oversight results to the governance council. Interface with auditors and regulators on all validation aspects, and enforce established controls for low-tier models and non-models.
Required Qualifications
- Minimum of 8 years of relevant professional experience
- Master's or Ph.D. in Finance, or a related STEM discipline
- Knowledge of the financial market and products
- Experience in model validation and or model development
- Familiarity with regulatory requirements on Model Risk Management(SR 11-7 and CCAS rules)
- Proficiency in programming languages (For example, SQL,Python, R, SAS, C/C++)
Desired Qualifications
- Serves as a trusted coach or mentor within the organization
- Communicates openly keeping everyone across the organization informed
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