Quantitative Model Risk Analyst
24 hours ago
Acuity Knowledge Partners is seeking a skilled Quantitative Model Risk Analyst to join our team. As a key member of our model risk management group, you will play a critical role in ensuring the accuracy and reliability of our clients' models.
About the RoleWe are looking for an experienced professional with a strong background in mathematical modeling and risk management. Your expertise in stochastic calculus, linear algebra, differential equations, statistics, simulation, computational methods, and numerical analysis will be instrumental in assessing the robustness of our clients' models.
You will be responsible for:
- Evaluating the validity of our clients' models using advanced statistical techniques and machine learning algorithms
- Identifying potential risks and recommending remediation strategies to ensure compliance with regulatory requirements
- Collaborating with model owners to develop and implement best practices for model validation, assessment, and documentation
- Mentoring junior analysts and conducting training sessions on quantitative analytics and risk management
Key Requirements:
- Master's degree in a STEM field (Tier 1 college)
- Experience in CCAR modeling in an applied setting
- Working knowledge of stochastic calculus, linear algebra, differential equations, statistics, simulation, computational methods, and numerical analysis
- Strong understanding of machine learning models, including decision trees, max margin classifiers, and ensemble ideas
- Proficiency in R/Python and MS Excel
We offer a competitive salary range of $120,000 - $180,000 per annum, depending on experience and qualifications. If you are a motivated and detail-oriented individual with a passion for quantitative analytics and risk management, we encourage you to apply.
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