BDO USA, LLP
Job Summary:
The Senior Manager, Valuation & Capital Market Analytics - Model Risk Management (MRM) is responsible for managing the execution and delivery of challenging Model Risk Management related engagements by performing risk management related activities such as designing effective challenge and validation of models, independent review of model documentation and governance, writing high quality model validation reports and will the initial proposal preparation through project completion. This role is actively engaged in the management of model risk management assignments and managing staff in the development of such assignments.
Job Duties:
Oversees the independent review and model validation of models (Credit, Market, Forecasting, etc.) compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practice
Conducts quantitative analytics, complex econometric modeling projects and capital stress testing models
Examines conceptual soundness of models being validated
Conducts thorough testing and provides critical review of conceptual and performance aspects of the model
Presents work through formal validation reports, as well as thorough presentation to the client model owners and senior management
Manages a team within Model Risk Management, organizes schedules of deliverables and meets deliverable due dates, and escalates issues
Writes high-quality validation documentation that satisfies the client's internal model approval functions, audit requirements, and regulatory standards
Represents BDO's Model Risk Management team in interactions with the client, external audit teams and regulatory bodies
Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
Other duties as required
Supervisory Responsibilities:
Supervises and trains Senior Associates and Associate validators on model validation processes
Qualifications, Knowledge, Skills and Abilities: Education:
Undergraduate degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, required
Master's degree, preferred
Experience:
Six (6) or more years of relevant work experience (Model Risk Management), required
Demonstrated experience applying financial instrument valuation concepts, required
Experience explaining difficult modeling and statistical concepts to diverse audiences and to experts at various clients, required
Experience in leading and performing Model Validation, required
Experience in writing Model Validation reports, required
Experience and strong familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques, preferred
Background in Model Risk, including detailed knowledge of model validation related to statistical, AI and machine learning models, preferred
License/Certifications:
PhD, CIA, CFA, CCA, CMA, CAIA, QRM, or FRM certifications, preferred
Software:
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Experience with R, SAS, Python, or related programming languages, required
Language:
N/A
Other Knowledge, Skills, & Abilities:
Proficient in providing technical assistance and modeling expertise to non-technical clients and internal teams
Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques
Ability to make recommendations for improved and enhanced model efficiency to clients
Ability to exercise professional judgment on engagements by providing proactive solutions and recommendations
Demonstrated leadership and management skills
Demonstrated ability to build and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs
Ability to multi-task and communicate effectively with clients and staff in consultative setting
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
National Range: $175,000 - $210,000 Maryland Range: $175,000 - $210,000 NYC/Long Island/Westchester Range: $175,000 - $210,000
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Job Duties:
Oversees the independent review and model validation of models (Credit, Market, Forecasting, etc.) compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practice
Conducts quantitative analytics, complex econometric modeling projects and capital stress testing models
Examines conceptual soundness of models being validated
Conducts thorough testing and provides critical review of conceptual and performance aspects of the model
Presents work through formal validation reports, as well as thorough presentation to the client model owners and senior management
Manages a team within Model Risk Management, organizes schedules of deliverables and meets deliverable due dates, and escalates issues
Writes high-quality validation documentation that satisfies the client's internal model approval functions, audit requirements, and regulatory standards
Represents BDO's Model Risk Management team in interactions with the client, external audit teams and regulatory bodies
Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
Other duties as required
Supervisory Responsibilities:
Supervises and trains Senior Associates and Associate validators on model validation processes
Qualifications, Knowledge, Skills and Abilities: Education:
Undergraduate degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, required
Master's degree, preferred
Experience:
Six (6) or more years of relevant work experience (Model Risk Management), required
Demonstrated experience applying financial instrument valuation concepts, required
Experience explaining difficult modeling and statistical concepts to diverse audiences and to experts at various clients, required
Experience in leading and performing Model Validation, required
Experience in writing Model Validation reports, required
Experience and strong familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques, preferred
Background in Model Risk, including detailed knowledge of model validation related to statistical, AI and machine learning models, preferred
License/Certifications:
PhD, CIA, CFA, CCA, CMA, CAIA, QRM, or FRM certifications, preferred
Software:
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Experience with R, SAS, Python, or related programming languages, required
Language:
N/A
Other Knowledge, Skills, & Abilities:
Proficient in providing technical assistance and modeling expertise to non-technical clients and internal teams
Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques
Ability to make recommendations for improved and enhanced model efficiency to clients
Ability to exercise professional judgment on engagements by providing proactive solutions and recommendations
Demonstrated leadership and management skills
Demonstrated ability to build and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs
Ability to multi-task and communicate effectively with clients and staff in consultative setting
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
National Range: $175,000 - $210,000 Maryland Range: $175,000 - $210,000 NYC/Long Island/Westchester Range: $175,000 - $210,000
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