Model Validation Consultant/CCR
Are you experienced in model validation within the financial industry? Apply Now!
Working with one of our top financial clients, this role calls for a Model Validation Consultant/CCR. You will be responsible for independently verifying CCR models, assessing model risk, and ensuring regulatory compliance within a dynamic project environment. This is an excellent opportunity to contribute to critical risk management initiatives and work alongside a collaborative team of experts.
Pay rate range (CAD): $72.46/hr-$86.96/hr
Responsibilities
- Act as a trusted advisor to assigned business or group.
- Influence and negotiate to achieve business objectives.
- Develop and implement solutions based on issue analysis and implications.
- Assist in strategic planning efforts.
- Identify emerging issues and trends to guide decision-making.
- Research current and emerging requirements and best practices to inform recommendations for enhancements.
- Prioritize business initiatives and develop implementation sequences.
- Conduct independent analysis to resolve strategic issues.
- Support strategic initiatives through collaboration with stakeholders.
- Represent model validation during internal/external regulatory audits and examinations.
- Ensure stakeholder alignment across initiatives.
- Lead or participate in change management activities, including planning, stakeholder management, and evaluation.
- Lead research efforts for validation of new model types.
- Monitor, measure, and report on the status of the model validation program.
- Contribute to operational programs supporting the model vetting framework.
- Design, implement, and manage core validation processes.
- Independently validate models and their assumptions, benchmarks, and documentation.
- Assess model data inputs and compare validation outcomes with developer results.
- Identify deficiencies, recommend changes, and escalate issues.
- Quantify model risks, document outcomes, and communicate findings.
- Ensure corrective actions are monitored and implemented.
- Provide technical guidance to business units on model risk mitigation.
- Maintain in-depth knowledge of business and risk management requirements.
- Build strong relationships with internal and external stakeholders.
- Monitor performance and address issues proactively.
- Oversee review and sign-off of validation reports and model inventories.
- Focus primarily on business-specific validation, with enterprise-wide engagement as needed.
- Offer specialized consulting, analytical, and technical support.
- Exercise judgment to diagnose and resolve problems within established guidelines.
- Handle non-routine situations independently.
- Perform additional responsibilities as assigned.
Desired Skill-Set
- Master’s or Ph.D. in Math, Math Finance, Statistics, Engineering, or extensive quantitative background.
- 3-5 years of relevant experience in quantitative modeling within finance.
- Proven experience with vetting Market Risk or CCR models.
- Deep understanding of calibration, valuation, risk factors, and pricing proxies.
- Strong knowledge of regulatory requirements.
- Proficiency in programming languages (preferably Python/C#).
- Excellent verbal and written communication skills.
- Strong collaboration and team skills.
- Advanced analytical and problem-solving abilities.
- Proven influence skills.
- Expertise in data-driven decision making.
Nice to Have
- Experience with Adaptiv Vendor system.
- Previous financial institution interview experience (3 rounds including in-person interview).
- Familiarity with additional programming languages or risk management tools.
BeachHead is an equal opportunity agency and employer. We advocate for our candidates and welcome applicants regardless of race, color, religion, national origin, sex, age, or physical or mental disability. BeachHead or our clients may use technology-enabled tools, including automation and artificial intelligence (AI), to support parts of the recruitment process such as resume screening, application management, and candidate matching. These tools assist our recruiters and our clients, and do not replace human decision-making. This job posting represents a current or anticipated vacancy. The position may be filled at any time, and the posting may be removed without notice once the role has been filled.