Senior Quantitative Model Assurance Specialist

1 week ago


varanasi, India beBeeModelValidator Full time

Job Title:Quantitative Model ValidatorResponsibilities:Carry out rigorous quantitative model validation, ensuring conceptual soundness, data accuracy, methodology, and ongoing performance through techniques like backtesting, benchmarking, and stress testing.Effectively challenge models to guarantee robustness, justified assumptions, and limitations.Present findings, weaknesses, and/or observations from the validation process to model developers/owners with actionable remediations.Prepare comprehensive validation reports and memos documenting the approach, findings, and conclusions.Participate in audits and regulatory exams by presenting validation results and methodologies, assisting in remediation of any audit or exam findings.Serve as a subject matter expert on modeling techniques, risk management practices, and regulatory trends.Required Qualifications:Masters degree in quantitative field and at least 3 years of relevant experience; or Bachelor's degree and at least 5 years of relevant experience.Proficiency in programming languages such as Python, R, SQL, or SAS.Excellent written and verbal communication skills to articulate complex technical findings to both technical and non-technical stakeholders.Knowledge of model risk management policies, procedures, and relevant regulatory guidance.



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