Operational • Conduct model validation activities based on internal MRM policy and procedures. • Conduct and perform quality assurance for model risk reporting. • Communicate effectively with ...
Operational • Conduct model validation activities based on internal MRM policy and procedures. • Conduct and perform quality assurance for model risk reporting. • Communicate effectively with ...
Senior Model Validation Analyst
$83K - $103K/yr
Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques * Critically evaluates the conceptual soundness of models and ...
Senior Model Validation Analyst
$83K - $103K/yr
Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques * Critically evaluates the conceptual soundness of models and ...
Risk Model Validation Associate
$115K - $135K/yr
Model Risk - Risk Model Validation Corporate Title : Associate Department : Risk Management - Model Risk Management Location: New York, NY The pay range for this position at commencement of ...
Risk Model Validation Associate
$115K - $135K/yr
Model Risk - Risk Model Validation Corporate Title : Associate Department : Risk Management - Model Risk Management Location: New York, NY The pay range for this position at commencement of ...
Senior Model Validation Analyst
$83K - $103K/yr
Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques * Critically evaluates the conceptual soundness of models and ...
Senior Model Validation Analyst
$83K - $103K/yr
Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques * Critically evaluates the conceptual soundness of models and ...
Senior Model Validation Analyst
Charlotte, NC · On-site
$83K - $103K/yr
Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques * Critically evaluates the conceptual soundness of models and ...
Senior Model Validation Analyst
Charlotte, NC · On-site
$83K - $103K/yr
Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques * Critically evaluates the conceptual soundness of models and ...
Data Scientist - Model Validation (Hybrid)
Chicago, IL · Hybrid
$87K - $110K/yr
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 ...
Data Scientist - Model Validation (Hybrid)
Chicago, IL · Hybrid
$87K - $110K/yr
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 ...
Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models. * Approval or rejection of a model or usage based on assessment of the model ...
Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models. * Approval or rejection of a model or usage based on assessment of the model ...
Tech Expert Risk Model Validation
Woodland Hills, CA · On-site
$80K - $100K/yr
Reporting to Head of Model Validation you will perform in depth testing for all liability models, data systems and automation processes. About the Role You will create, document and execute test ...
Tech Expert Risk Model Validation
Woodland Hills, CA · On-site
$80K - $100K/yr
Reporting to Head of Model Validation you will perform in depth testing for all liability models, data systems and automation processes. About the Role You will create, document and execute test ...
Risk Model Validation Associate
Manhattan, NY · On-site
$115K - $135K/yr
Model Risk - Risk Model Validation Corporate Title : Associate Department : Risk Management - Model Risk Management Location: New York, NY The pay range for this position at commencement of ...
Risk Model Validation Associate
Manhattan, NY · On-site
$115K - $135K/yr
Model Risk - Risk Model Validation Corporate Title : Associate Department : Risk Management - Model Risk Management Location: New York, NY The pay range for this position at commencement of ...
Tech Expert Risk Model Validation
Los Angeles, CA · On-site +1
$80K - $100K/yr
Reporting to Head of Model Validation you will perform in depth testing for all liability models, data systems and automation processes. About the Role You will create, document and execute test ...
Tech Expert Risk Model Validation
Los Angeles, CA · On-site +1
$80K - $100K/yr
Reporting to Head of Model Validation you will perform in depth testing for all liability models, data systems and automation processes. About the Role You will create, document and execute test ...
AI Model Risk Validation Specialist
Dallas, TX · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
Dallas, TX · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
Iowa, LA · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
Iowa, LA · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
Chicago, IL · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
Chicago, IL · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
Atlanta, GA · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
Atlanta, GA · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
New York, NY · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
AI Model Risk Validation Specialist
New York, NY · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including: * Model design, methodology, and assumptions * Training and test data quality and ...
At Regions, the Risk Quantitative Model Validation Analyst serves as a member of a key strategic team that is responsible for performing independent model risk oversight activities, including model ...
At Regions, the Risk Quantitative Model Validation Analyst serves as a member of a key strategic team that is responsible for performing independent model risk oversight activities, including model ...
Actuarial and Data Science Model Validation The Hartford's Model Risk Management function seeks a Risk Manager to join a talented and high-performing Model Risk Management team. The successful ...
Actuarial and Data Science Model Validation The Hartford's Model Risk Management function seeks a Risk Manager to join a talented and high-performing Model Risk Management team. The successful ...
Associate Actuary - Model Validation - Hybrid
West Chester, PA · On-site
$150K/yr
This individual will be responsible for Variable Annuity model validation and transaction review projects. Additional responsibilities include performing User Acceptance Testing (UAT), identifying ...
Associate Actuary - Model Validation - Hybrid
West Chester, PA · On-site
$150K/yr
This individual will be responsible for Variable Annuity model validation and transaction review projects. Additional responsibilities include performing User Acceptance Testing (UAT), identifying ...
The Enterprise Model Risk Group is responsible for model risk oversight including development, validation, implementation and monitoring models across multiple risk areas. The team is primarily ...
The Enterprise Model Risk Group is responsible for model risk oversight including development, validation, implementation and monitoring models across multiple risk areas. The team is primarily ...
Actuarial and Data Science Model Validation The Hartford's Model Risk Management function seeks a Risk Manager to join a talented and high-performing Model Risk Management team. The successful ...
Actuarial and Data Science Model Validation The Hartford's Model Risk Management function seeks a Risk Manager to join a talented and high-performing Model Risk Management team. The successful ...
Model Validation information
See salary details
$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
How much do model validation jobs pay per hour?
What are the key skills and qualifications needed to thrive in the Model Validation position, and why are they important?
To thrive as a Model Validation professional, you need strong quantitative, statistical, and analytical skills, often supported by a degree in mathematics, statistics, finance, or a related field. Proficiency with programming languages such as Python or R, statistical modeling software, and familiarity with regulatory guidelines like SR 11-7 or CCAR is essential. Outstanding attention to detail, problem-solving abilities, and clear communication are valuable soft skills in this role. These competencies are crucial for rigorously assessing complex models, documenting findings, and collaborating effectively with model developers and risk management teams.
What is a Model Validation job?
A Model Validation job involves assessing and verifying the accuracy, reliability, and performance of mathematical and statistical models used in finance, risk management, or other industries. Professionals in this role conduct independent testing, evaluate assumptions, and ensure models comply with regulatory and internal standards. They identify weaknesses, suggest improvements, and help mitigate potential risks associated with model usage. Model validators often work with machine learning models, credit risk models, or trading algorithms, depending on the industry.
What are some common challenges faced by professionals in Model Validation roles?
One common challenge in Model Validation is staying up-to-date with evolving regulatory requirements and industry best practices, which can impact how models should be tested and documented. Model validators often work with highly complex financial or risk models, requiring strong analytical skills to assess underlying assumptions and potential risks. Additionally, balancing the need for thoroughness with tight deadlines and collaborating with model developers to address issues can be demanding. However, overcoming these challenges offers valuable opportunities to build expertise, work cross-functionally, and play a critical role in ensuring the integrity and reliability of key business decisions.

Full-time
Re-posted 21 hours ago
Job description
Essential Function / major duties and responsibilities of the job
Strategic
• The Model Validator is responsible for validating CLS models, maintaining model validation standards and procedure documents, engaging with CLS MRM stakeholders on model risk matters, and MRM reporting.
Operational
• Conduct model validation activities based on internal MRM policy and procedures.
• Conduct and perform quality assurance for model risk reporting.
• Communicate effectively with CLS businesses on model risk matters.
• Collaborate with the Model Governance to ensure model governance and standards are appropriate for the firm’s risk profile and ensure enterprise-wide adherence.
Leadership
• Execute model validation.
• Enhance capabilities to operate MRM developed challenger/benchmark models.
Experience / essential and desired for successful job performance
• 0-3 years’ experience in the model risk management at a regulated financial institution.
• Understanding of settlement and clearing, and the differences is a plus.
• Knowledge of US Banking Regulations (Federal Reserve Board) is a plus.
• Experience in working with statistical models.
Qualifications / Certifications
• Bachelor’s degree is required; MS/MA or MBA is desired.
• Experience with numerical and statistical tools: e.g. SAS, MATLAB, S-Plus, R, Python, C++.
Knowledge, skills and abilities / competencies required for successful job performance
· Attention to detail to ensure consistent, correct, and accurate execution of model validation and reporting.
· Knowledge of regulatory guidance on model risk management and industry best practice.
· Knowledge of capital market products, esp. FX.
· Strong verbal and written communication skills.
Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position
· 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.
· Ability to effectively take and drive initiative.
· Self-starter, energetic; strive for excellence.