Model Validator Analyst AVP (Hybrid)

Full-time - Mid Level

Wilmington, DE

Credit Intermediation and Related Activities

About the position

The Model Risk Validator role is focused on conducting thorough validations for quantitative risk models across various domains, including Credit Risk, Operational Risk, and Liquidity Risk. This position is essential for ensuring compliance with regulatory standards and the firm's Model Risk Management Policy. The validator will assess both technical and functional aspects of models to ensure their adequacy for regulatory and business requirements, contributing to the overall risk management framework of the firm.

Responsibilities

• Conduct validation for quantitative risk models including Credit Risk, Operational Risk, and Liquidity Risk.
• Assess the adequacy of risk capital and estimated losses for regulatory or business requirements.
• Perform technical assessments of model data, assumptions, conceptual soundness, and mathematical formulas.
• Evaluate model performance and its functional application for regulatory and business purposes.
• Present validation results to developers and senior management.
• Collaborate with colleagues and work independently on validation tasks.

Requirements

• Minimum of a Master's degree in a quantitative field (e.g. Physics, Mathematics, Statistics, Economics, Finance, Engineering, Computer Science).
• Prefer candidates with higher academic qualifications such as a PhD, a second Master's degree, CFA, FRM, or CPA.
• Sound knowledge of Calculus, Numerical Analysis, Statistics, and Linear Algebra.
• Strong programming skills in languages such as SAS, SQL, R, Python, MATLAB, C/C++, Java, Oracle.
• Strong communication and writing skills, with the ability to present complex information clearly.

Nice-to-haves

• Publications in peer-reviewed journals.
• Curiosity, diligence, and a healthy skepticism about received wisdom.
• Teamwork and commitment.

Benefits

• Medical, dental & vision coverage
• 401(k)
• Life, accident, and disability insurance
• Wellness programs
• Paid time off packages including vacation, sick leave, and paid holidays