Model Validation Manager
Manhattan, NY · On-site
Solid quantitative and qualitative risk assessment skills. Experience in model validation and/or model development preferred. • Team-oriented with a strong sense of ownership and accountability ...
Manhattan, NY · On-site
Solid quantitative and qualitative risk assessment skills. Experience in model validation and/or model development preferred. • Team-oriented with a strong sense of ownership and accountability ...
Manhattan, NY · On-site
Solid quantitative and qualitative risk assessment skills. Experience in model validation and/or model development preferred. • Team-oriented with a strong sense of ownership and accountability ...
New York, NY · On-site
Model Validation Expert Location New York Business Area Legal, Compliance, and Risk Ref # 10052595 ... The role may also extend to related quantitative, AI/ML, and data-driven models across the firm.
New York, NY · On-site
Model Validation Expert Location New York Business Area Legal, Compliance, and Risk Ref # 10052595 ... The role may also extend to related quantitative, AI/ML, and data-driven models across the firm.
Charlotte, NC · On-site
$95K - $140K/yr
Role Description The Associate, Model Risk & Validation (MRV) will support the independent validation and ongoing assessment of financial crime, risk, and other quantitative and non-quantitative ...
Charlotte, NC · On-site
$95K - $140K/yr
Role Description The Associate, Model Risk & Validation (MRV) will support the independent validation and ongoing assessment of financial crime, risk, and other quantitative and non-quantitative ...
Charlotte, NC · On-site
$95K - $140K/yr
Role Description The Associate, Model Risk & Validation (MRV) will support the independent validation and ongoing assessment of financial crime, risk, and other quantitative and non-quantitative ...
Charlotte, NC · On-site
$95K - $140K/yr
Role Description The Associate, Model Risk & Validation (MRV) will support the independent validation and ongoing assessment of financial crime, risk, and other quantitative and non-quantitative ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Chicago, IL · Hybrid
$95K - $163K/yr
Preferred - Graduate Degree in Mathematics, Statistics, Economics, Quantitative Finance, Engineering, Computer Science or related * Minimum - 5 Years of Build, test, implement, or validate models ...
Quick apply
Chicago, IL · Hybrid
$95K - $163K/yr
Preferred - Graduate Degree in Mathematics, Statistics, Economics, Quantitative Finance, Engineering, Computer Science or related * Minimum - 5 Years of Build, test, implement, or validate models ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Canton, OH · On-site
$100K - $170K/yr
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Canton, OH · On-site
$100K - $170K/yr
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Manhattan, NY · On-site
$100K - $170K/yr
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Manhattan, NY · On-site
$100K - $170K/yr
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Chicago, IL · On-site
$95K - $163K/yr
Preferred - Graduate Degree in Mathematics, Statistics, Economics, Quantitative Finance, Engineering, Computer Science or related * Minimum - 5 Years of Build, test, implement, or validate models ...
Chicago, IL · On-site
$95K - $163K/yr
Preferred - Graduate Degree in Mathematics, Statistics, Economics, Quantitative Finance, Engineering, Computer Science or related * Minimum - 5 Years of Build, test, implement, or validate models ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years' experience in model development / model validation experience in financial ...
$22.60 - $27.64
2% of jobs
$27.64 - $32.69
6% of jobs
$32.69 - $37.74
13% of jobs
$39.32 is the 25th percentile. Wages below this are outliers.
$37.74 - $42.79
13% of jobs
$42.79 - $47.84
11% of jobs
The median wage is $50.36 / hr.
$47.84 - $52.88
12% of jobs
$52.88 - $57.93
9% of jobs
$61.82 is the 75th percentile. Wages above this are outliers.
$57.93 - $62.98
13% of jobs
$62.98 - $68.03
13% of jobs
$68.03 - $73.08
6% of jobs
$73.08 - $78.13
3% of jobs
$22
$51
$78
| Aspect | Model Validation Quant | Model Risk Analyst |
|---|---|---|
| Required Credentials | Quantitative degrees (Math, Finance, Engineering), certifications like CFA or FRM | Similar credentials, often with risk management certifications |
| Work Environment | Quantitative teams, model validation departments, financial institutions | Risk management teams, compliance departments, financial firms |
| Industry Usage | Primarily in banking, asset management, hedge funds | Across banking, insurance, asset management |
| Common Search/Comparison | Model Validation Quant vs Model Risk Analyst |
The Model Validation Quant focuses on independently testing and validating financial models to ensure accuracy and compliance. The Model Risk Analyst also assesses models but often has a broader role in identifying and mitigating overall model risks within an organization. Both roles require strong quantitative skills and industry experience, but the Validation Quant is more specialized in model testing, while the Risk Analyst covers wider risk management functions.

Full-time
Re-posted 27 days ago
Essential Function / major duties and responsibilities of the job
• Independently perform model validation according to MRM’s validation standards.
• As part of validation, it may become necessary to independently code replications of the models used in production.
• For models already independently replicated for MRM, the Model Validation Manager will need to run the MRM model and reconcile against production model runs.
• Document this review and challenge in validation reports.
• MRM is engaging a professional firm to perform a significant part of CLS’s model validation book of work. The Model Validation Manager will collaborate with this firm for the validation of certain models.
• Communicate effectively with model owners/developers: In the course of validation to obtain clarification and to request specific data and production model outputs. Post validation to manage the finding lifecycle: Achieving agreement on validation findings and observations, including corrective action plans to remediate the findings, and reviewing model owner requests for finding closures.
• Actively contribute to validation report / validation finding peer reviews, to ensure consistency in validation work across all validators.
Leadership
• Apply soft skills to build consensus and stakeholder buy-in.
Experience / essential and desired for successful job performance
• 3+ years’ experience in model validation or model development at a regulated financial institution.
• Knowledge of US Banking Regulations (Federal Reserve Board)
Qualifications / certifications
• Minimum bachelor’s degree (master’s degree / Ph.D. preferred) with concentration in a quantitative discipline such as, engineering, econometrics, statistics, physics, mathematics etc.
• 3+ years’ experience of quantitative analysis in the financial services sector. Solid quantitative and qualitative risk assessment skills. Experience in model validation and/or model development preferred.
• Team-oriented with a strong sense of ownership and accountability.
• Strong verbal and written communication skills.
• Extensive experience with numerical and statistical tools: e.g. Python, R, MATLAB, SAS, C++, Java.
• Knowledge of regulatory guidance on model risk management and industry best practice.
• Knowledge of capital market products, especially FX, a plus.
• Understanding of settlement and clearing, and the differences is a plus.
Knowledge, skills and abilities / competencies required for successful job performance
· Perform independent model validation, under the guidance of the Lead Model Validator.
· Ability to write, review, critique, and improve long validation reports
· Interact with model owners / model developers on all issues of model validation and subsequent actions, such as agreement on findings, finding remediation plans, finding closure reviews, etc.
· Ability to code independent replications of production models, based on model documentation and, if required, further clarification directly obtained from model owners / model developers.
· Participate in peer review of model validation reports.
Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position
· Strong quantitative skills.
· Excellent interpersonal communication skills, both written and verbal.
· High ethical standards and a profound sense of integrity and confidentiality.
· Challenging assumptions and maintaining independence and objectivity.
· Build consensus, to influence both internal and external stakeholders.
· Results oriented team player.