Model Validation Audit Consultant

Overview

This role is for an experienced Model Validation Audit Consultant on a project basis. Work is fully remote.

Responsibilities

• Perform independent audit and review of model validation and model risk management activities.
• Assess the design and effectiveness of controls related to model development, implementation, validation, monitoring, and governance.
• Review CECL models, including:
  • Methodologies supporting credit loss estimates
  • Key assumptions
  • Segmentation
  • Data inputs
  • Model performance
• Evaluate market risk models, including methodologies used to measure and monitor trading and market-related exposures.
• Review liquidity risk and treasury models, including liquidity forecasting, stress testing, funding, and balance-sheet risk methodologies.
• Independently assess management’s remediation and closure of regulatory and Internal Audit findings related to model risk.
• Challenge model assumptions, methodologies, limitations, validation conclusions, and supporting documentation.
• Evaluate compliance with the organization’s model risk management framework and applicable regulatory expectations, including Federal Reserve/OCC SR 11-7 model risk management guidance.

Requirements

• Bachelor’s degree or higher in accounting, finance, or other related fields.
• 7+ years of relevant model validation audit experience.
• Must reside in the continental U.S.
• Must be legally authorized to work in the United States now and in the future. Verification of employment eligibility will be required at the time of hire.
• Visa sponsorship is not available for this position.

Compensation & Benefits

Total compensation and benefits consist of salary, group health plan benefits, 401(K), profit-sharing contributions, flexible time off, and parental leave. Eligibility for certain benefits may vary.

Compensation is based on experience, education, and skill set. Salary ranges may vary by state due to applicable pay transparency requirements, and the employer may make changes to salary ranges based on business needs.