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Model Validation Remote Jobs in Illinois (NOW HIRING)

Harris

(Remote) GIS Developer

Oregon, IL · Remote

Travel is required as needed, approximately 10%. Candidates must hold a current, valid passport and ... Knowledge of electric utility network data models and concepts. * Understanding of industry ...

Harris

(Remote) GIS Developer

Tennessee, IL · Remote

Travel is required as needed, approximately 10%. Candidates must hold a current, valid passport and ... Knowledge of electric utility network data models and concepts. * Understanding of industry ...

Harris

(Remote) GIS Developer

Virginia, IL · Remote

Travel is required as needed, approximately 10%. Candidates must hold a current, valid passport and ... Knowledge of electric utility network data models and concepts. * Understanding of industry ...

Harris

(Remote) GIS Developer

Oregon, IL · Remote

Travel is required as needed, approximately 10%. Candidates must hold a current, valid passport and ... Knowledge of electric utility network data models and concepts. * Understanding of industry ...

Harris

(Remote) GIS Developer

Tennessee, IL · Remote

Travel is required as needed, approximately 10%. Candidates must hold a current, valid passport and ... Knowledge of electric utility network data models and concepts. * Understanding of industry ...

Harris

(Remote) GIS Developer

Virginia, IL · Remote

Travel is required as needed, approximately 10%. Candidates must hold a current, valid passport and ... Knowledge of electric utility network data models and concepts. * Understanding of industry ...

BMO Capital Markets

Senior Data Scientist

Chicago, IL · On-site +1

$122K - $228K/yr

Data Analytics & Reporting This is ideally a hybrid role but open to remote Role Overview We are ... Own the full model lifecycle: data exploration, modeling, validation, deployment, monitoring, and ...

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Model Validation Remote information

What is the difference between Model Validation Remote vs Model Validation on-site?

AspectModel Validation RemoteModel Validation on-site
Work EnvironmentRemote, home-basedOn-site, office or client location
Required CredentialsSimilar certifications, e.g., CFA, FRM, or relatedSame as remote, often with additional in-person requirements
Industry UsageFinancial institutions, banks, asset managersSame industries, with in-person collaboration
Work FlexibilityHigh, flexible hours and locationLess flexible, fixed hours and location

Both remote and on-site model validation roles require similar credentials and industry knowledge. The main difference lies in the work environment and flexibility, with remote positions offering greater convenience and location independence, while on-site roles facilitate direct collaboration and immediate access to resources.

What are the key skills and qualifications needed to thrive as a Model Validation Remote, and why are they important?

To thrive as a Model Validation Remote, you need a strong background in quantitative disciplines such as mathematics, statistics, or finance, typically supported by a relevant degree. Proficiency with statistical software (like SAS, R, or Python), model risk management frameworks, and familiarity with regulatory guidelines (such as SR 11-7) are commonly required. Analytical thinking, attention to detail, and strong written communication are crucial soft skills in this role. These skills ensure accurate model assessments, regulatory compliance, and effective communication of complex findings to stakeholders.

What is model validation in a remote job context?

Model validation, especially in a remote setting, involves evaluating and verifying the accuracy, performance, and reliability of statistical or machine learning models from a location outside of a traditional office. Professionals in this role typically assess whether models meet regulatory requirements, function as intended, and are free from biases or errors. Remote model validators use various tools and techniques to conduct tests, write reports, and communicate findings with stakeholders via digital platforms. This work is essential in sectors like finance, insurance, and tech, where robust models drive critical decisions. Successful remote model validation requires strong analytical skills, clear communication, and proficiency with data analysis tools.

What are some common challenges faced by professionals in remote model validation roles, and how can they be addressed?

Remote model validation professionals often encounter challenges such as maintaining clear communication with model developers and stakeholders, accessing secure data environments, and staying updated with evolving regulatory standards. To address these, it's important to leverage robust collaboration tools, schedule regular check-ins with cross-functional teams, and participate in ongoing training or knowledge-sharing sessions. Establishing clear documentation protocols and ensuring secure remote access to necessary data can also help maintain productivity and compliance.
What are the most commonly searched types of Model Validation jobs in Illinois? The most popular types of Model Validation jobs in Illinois are:
What are popular job titles related to Model Validation Remote jobs in Illinois? For Model Validation Remote jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Model Validation Remote jobs in Illinois look for? The top searched job categories for Model Validation Remote jobs in Illinois are:
What cities in Illinois are hiring for Model Validation Remote jobs? Cities in Illinois with the most Model Validation Remote job openings:
Model Validation Remote jobs near you
Senior Data Scientist (Hybrid)

Senior Data Scientist (Hybrid)

Enova International

Chicago, IL • On-site, Remote

$96K - $125K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago

Enova International rating

6.8

Company rating: 6.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to sponsor visas or take over sponsorship at this time.
About the role:
As a Senior Data Scientist, you will be one of Enova's most valuable team members. You will develop, enhance and test the company's models for use in determining the appropriate lending criteria and verification procedures. You will perform independent model validations to evaluate model fit for purpose, conceptual soundness, mathematical theory and assumptions, data/assumptions, and output reasonableness. At times, you may be asked to conduct ad hoc analysis using statistical and financial tools to recommend for risk management, marketing and operational strategies. You will demonstrate the ability to interpret and organize data, and communicate it effectively to cross functional teams to solve business problems, provide requirements and support implementation.
Responsibilities:
  • Perform model validation of credit risk models
  • Prepare model validation reports and write technical documentation
  • Assist analysts in validating and preparing their models for production
  • Interact with model stakeholders and business partners to gather information about credit models and risk acceptances
  • Support model releases to ensure they are quickly and accurately put into production
  • Monitor model performance dashboards, build alerts, and escalate concerns as appropriate
  • Support and improve automated model training processes by using data manipulation, and machine learning skills
  • Use your programming skills to develop and test programs for custom tool development

Requirements:
  • Experience in developing advanced credit risk models
  • 5+ years of experience in quantitative analysis in the financial services industry is preferred but not required
  • Knowledge of statistical models in risk management
  • Advanced programming skills in Python and the ability to write customized programs for meaningful data analysis
  • Experience working with relational databases, such as SQL

Compensation:
The budgeted annual salary range for this position is$96,000 to $125,000 Actual annual salary will be determined based on qualifications, skills, experience, and level assessed during the hiring process and may fall outside of the range shown. Additional compensation for this role may include a bonus. All full-time employees are eligible to participate in Company benefits, described in more detail here.
Benefits & Perks:
  • Our hybrid roles require in-office work Tuesday through Thursday, with remote flexibility on Mondays and Fridays. This schedule fosters collaboration, team connection, and strategic planning, enhancing communication and effectiveness to drive results.
  • Health, dental, and vision insurance including mental health benefits
  • 401(k) matching plus a roth option (U.S. Based employees only)
  • PTO & paid holidays off
  • Sabbatical program (for eligible roles)
  • Summer hours (for eligible roles)
  • Paid parental leave
  • DEI groups (B.L.A.C.K. @ Enova, HOLA @ Enova, Women @ Enova, Pride @ Enova, South Asians @ Enova, APEX @ Enova, and Parents @ Enova)
  • Employee recognition and rewards program
  • Charitable matching and a paid volunteer day...Plus so much more!

About Enova
Enova International is a leading financial technology company that provides online financial services through our AI and machine learning-powered Colossus™platform. We serve non-prime consumers and businesses alike, while offering world-class technology and services to traditional banks-in order to create accessible credit for millions.
Being a values-driven organization is at the core of Enova's success. We live our values by listening to our customers, challenging assumptions, thinking big, setting high expectations, and hiring and developing the best. Through our values and our commitment to making Enova an awesome place to work, we maintain an environment of inclusion and culture where our employees can thrive. You can learn more about Enova's values and culture here.
It is our policy to provide equal employment opportunity for all persons and not discriminate in employment decisions by placing the most qualified person in each job, without regard to any other classification protected by federal, state, or local law. California Applicants: Click here to review our California Privacy Policy for Job Applicants.

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