Model Validation Analyst at Pyramid Consulting, Inc. in Plano, Texas

Model Validation Analyst

Immediate need for a Model Validation Analyst for a position in the Banking & Financial Industry. This is a 6+ month's contract opportunity with long-term potential located in Plano, TX. Please review the job description below:

Key Responsibilities / Technology

Experience:

• 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 - and provide ad hoc support to him
• Must Have:
  Bachelor's Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent REQUIRED.
• Master's or PhD in Statistics, Econometrics, Finance, Operations Research, or equivalent HIGHLY 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

Our client is a leading Banking & Financial Industry and we are currently interviewing to fill this and other similar contract positions. Qualified candidates should apply online for immediate consideration.