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Model Validation Remote Jobs in Elmhurst, IL (NOW HIRING)

Job Title Senior Data Scientist Location Remote Type of Hire 4 months contract They strictly want ... and validate models that rank incidents by likelihood of becoming claims or requiring Risk ...

Requirement - Senior Data Scientist Location- Chicago, IL-Remote Contract W2 Updated JD PURPOSE ... and validate models that rank incidents by likelihood of becoming claims or requiring Risk ...

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

See Elmhurst, IL salary details

$22

$51

$77

How much do model validation remote jobs pay per hour?

As of Jul 14, 2026, the average hourly pay for model validation remote in Elmhurst, IL is $51.79, according to ZipRecruiter salary data. Most workers in this role earn between $39.28 and $62.98 per hour, depending on experience, location, and employer.

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 popular job titles related to Model Validation Remote jobs in Elmhurst, IL? For Model Validation Remote jobs in Elmhurst, IL, the most frequently searched job titles are:
What job categories do people searching Model Validation Remote jobs in Elmhurst, IL look for? The top searched job categories for Model Validation Remote jobs in Elmhurst, IL are:
What cities near Elmhurst, IL are hiring for Model Validation Remote jobs? Cities near Elmhurst, IL with the most Model Validation Remote job openings:

Senior Valuation Specialist (Remote)

HARVEST VALUATIONS

La Grange Park, IL • Remote

$150K - $175K/yr

Other

Medical, Retirement, PTO

Posted 3 days ago


Job description

Summary

This position supports a valuation practice that provides fair‑value measurements, complex financial instrument modeling, and audit‑ready valuation analyses for CPA firms, banks, and investment funds. This role focuses on developing robust valuation models, analyzing market data, and preparing high‑quality deliverables used for financial reporting under U.S. GAAP and IFRS. The ideal candidate combines strong quantitative skills with a deep understanding of financial instruments, valuation methodologies, and the reporting requirements of financial institutions and investment entities.

Key Responsibilities

  • Develop and maintain valuation models for fixed income structured products (CLO, CMBS, etc.), private credit, distressed debt, private equity, derivatives, and other complex financial instruments.
  • Develop comprehensive financial models encompassing discounted cash flow, market multiple, market transactions, and option pricing analyses.
  • Gather and report market data (yield curves, credit spreads, liquidity metrics) to ensure accurate and timely model inputs.
  • Conduct model validation including sensitivity analysis, back‑testing, and documentation of model assumptions and limitations.
  • Build and maintain effective control processes to monitor and track changes in the assumptions of valuation models
  • Challenge and refine prices using market data, comparable instruments, and model-based approaches.
  • Identify control gaps and process pain points; design and implement improvements to reduce manual work and operational risk.
  • Support internal teams and external clients to address valuation questions and ensure transparency in methodologies.
  • Contribute to process improvements and automation projects


Qualifications

  • Bachelor’s or master’s degree in finance, economics, mathematics, or a related quantitative field.
  • 5+ years experience valuing financial instruments for a CPA firm or an independent valuation firm.
  • Experience building valuation models (DCF, Comp Multiple and Option Models)
  • Strong understanding of valuation techniques including market, transaction and income approaches for private equity, preferred and fixed income instruments.
  • Solid knowledge of valuation procedures and techniques across diverse asset classes equities, fixed income, derivatives, structured products, and private assets
  • Strong knowledge of ASC 820 fair value measurement principles.
  • Expertise in advanced Excel and other complex modeling systems
  • Familiarity with quantitative and qualitative market data sources such as Bloomberg, Trepp, Intex, Cap IQ, etc.
  • Strong communication skills and experience interacting with teammates and clients
  • Ability to train and lead staff
  • Strong critical thinking and problem-solving skills.
  • Experience with valuation of Level 2 and Level 3 assets.

Preferred

  • Certified or progressing toward CFA, CPA, CVFI, or Series 7.
  • Experience working with or supporting CPA firms, audit teams, or financial statement preparation.
  • Familiarity with fund valuation practices and bank regulatory reporting.

Core Competencies

  • Self-starter with ability to work independently and collaboratively
  • Quantitative modeling and analytical rigor
  • Technical understanding of financial instruments
  • Precision and attention to detail
  • Ability to communicate complex valuation concepts clearly
  • Client‑service mindset and responsiveness
  • Strong documentation and organizational skills


Physical Requirements:

  • Ability to sit for extended periods while performing computer-based tasks.
  • Frequent use of computer, keyboard, and office equipment.


Remote Work Environment Requirements:

  • Dedicated, quiet workspace free from distractions to maintain focus and accuracy.
  • Reliable high-speed internet connection to support secure document processing and collaboration.
  • Ability to meet deadlines in a remote setting while maintaining attention to detail.
  • Strong self-discipline and time management skills to work independently and efficiently.
  • Comfortable using remote communication tools (e.g. email, Microsoft Teams, Zoom) for team collaboration.


Benefits:

This is a full-time position with competitive compensation and good work/life balance.

  • Health insurance
  • Paid Time Off
  • Disability insurance
  • Paid holidays
  • 401k with employer contribution
  • Remote work environment
  • Generally, promotion within firm


Harvest Valuations LLC is an equal opportunity employer and does not discriminate based upon race, color, religion, sex, sexual orientation, pregnancy, marital status, national origin, citizenship, veteran status, ancestry, age (over 40), physical or mental disability, medical condition (cancer-related), gender identity or expression, genetic information including sickle cell or hemoglobin C trait, or any other consideration made unlawful by applicable federal, state, or local law.

We are not seeking agency assistance with this role.

We are unable to consider candidates who require current or future visa sponsorship for employment in the United States. Candidates must be authorized to work in the US without current or future visa sponsorship or transfer.