Senior Associate

2 weeks ago


Bengaluru, Karnataka, India Acuity Knowledge Partners Full time
Job Title: Model Validation Expert

Award-winning Acuity Knowledge Partners is seeking an experienced Model Validation Expert to join our team in New York. As a key member of our risk management group, you will play a crucial role in ensuring the accuracy and reliability of our proprietary models. We are offering a competitive salary of $115,000 per year, along with comprehensive benefits and opportunities for career growth. If you have a passion for mathematical modeling and a strong background in finance, we encourage you to apply.

About the Role:

As a Model Validation Expert, you will be responsible for validating and verifying our proprietary models used for risk assessment and decision-making. You will work closely with cross-functional teams to identify areas for improvement and develop solutions to enhance model performance. Your expertise will help us maintain a competitive edge in the market and ensure compliance with regulatory requirements.

Key Responsibilities:

- Validate CCAR stress testing models used for internal risk management and regulatory submissions
- Analyze model outcomes, track ongoing model performance, and run stress tests on models based on company-specific or regulatory stressed economic scenarios
- Provide guidance to model owners for remediation of issues identified during validation to achieve MRM policy adherence
- Support client's model risk management group in meeting their regulatory commitments
- Interact proactively and build strong relationships with various model owners/stakeholders

Requirements:

- M.Sc/PhD in Mathematics / Statistics / Economics or MBA Finance with experience in an MRM role
- Exposure to CCAR modelling in an applied setting
- Working knowledge in stochastic calculus, linear algebra, differential equations, statistics, simulation, computational methods, and numerical analysis
- Strong knowledge in mathematical techniques used in VaR computation, risk charge calculations, and tail risk modeling

Benefits:

- Competitive salary: $115,000 per year
- Comprehensive health insurance
- 401(k) retirement plan
- Generous paid time off
- Opportunities for professional growth and development

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