AVP Model Validation

  • USD100000.00 - USD135000.00 per year
  • Dallas, TX, USA Dallas TX US
  • Permanent, Full time
  • Michael Page International - US
  • 15 Jul 18 2018-07-15

The candidate will be responsible for performing model validation and back testing.

My client is a leading Financial Institution.


The role will entail;

  • Work closely with modeling group to design the model monitoring process as the new models get approved and enhance the existing monitoring reports.
  • Prepare model performance monitoring reports to satisfy internal and external audit/regulatory requirements.
  • Perform model performance analyses as needed and work on automation.
  • Perform back testing and stress testing.
  • Design the benchmark/alternative models for performance monitoring purposes.


The ideal candidate will have:

  • 3-5 years of relative experience, ideally in model validation.
  • Excellent communication skills, both oral and written.
  • Excellent communication skills and can work in an efficient and organized way and have the ability to work independently.
  • Prior experience on quantitative modeling is preferred and should have a general knowledge about the financial market, products, risk metrics and VaR modeling /back testing approaches.
  • Ideally should be familiar with the regulatory requirements in terms of model risk management.
  • Good programming skills in database languages such as SQL, R, SAS, Access, VBA, Python etc. C++ is a plus.
  • A PhD or Master's degree in a quantitative field, preferably in statistics, computer science, economics, financial engineering or mathematical finance.

Job Offer

Competitive pay with bonus and competitive benefits.