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Quantitative Model Validation Analyst Jobs in New York

Valley Bank

Quantitative Model Analyst

Morristown, NJ · On-site

$122K - $192K/yr

Perform quantitative and qualitative analyses of financial models, including the capital stress ... Validate selected models including theoretical model design, data integrity and completeness, and ...

Bloomberg LP

Model Validation Expert

New York, NY · On-site

Model Validation Expert Location New York Business Area Legal, Compliance, and Risk Ref # 10052595 ... Operating at the intersection of quantitative analysis, regulatory compliance, and ESG data ...

BMO Financial

Director, Model Validation

Manhattan, NY · On-site

$150K - $261K/yr

Analyze complex payoff structures and produce accurate pricing, Greeks, and scenario analyses ... Mentor junior quants and contribute to long‑term quantitative research initiatives. * Collaborate ...

BMO

Director, Model Validation

Manhattan, NY · On-site

$151 - $262/hr

Analyze complex payoff structures and produce accurate pricing, Greeks, and scenario analyses ... Mentor junior quants and contribute to long‑term quantitative research initiatives. * Collaborate ...

Bank of Montreal

Director, Model Validation

New York, NY · On-site

$150K - $261K/yr

Analyze complex payoff structures and produce accurate pricing, Greeks, and scenario analyses ... Mentor junior quants and contribute to long-term quantitative research initiatives. * Collaborate ...

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All JobsQuantitative Model Validation Analyst JobsQuantitative Model Validation Analyst Jobs in New York

Quantitative Model Validation Analyst information

See New York salary details

$61.8K

$146.5K

$262.6K

How much do quantitative model validation analyst jobs pay per year?

As of Aug 21, 2026, the average yearly pay for quantitative model validation analyst in New York is $146,466.00, according to ZipRecruiter salary data. Most workers in this role earn between $122,000.00 and $159,200.00 per year, depending on experience, location, and employer.

What is a quantitative model validation analyst?

Quantitative Model Validation Analysts are professionals who assess and validate financial models used by banks and financial institutions. They ensure that these models are accurate, reliable, and comply with regulatory standards. Their work involves testing model assumptions, reviewing model methodologies, and analyzing model outputs to identify potential risks or weaknesses. By providing an independent review, they help organizations maintain the integrity and performance of their risk management and financial forecasting tools.

What are some typical challenges faced by quantitative model validation analysts when assessing complex financial models?

Quantitative Model Validation Analysts often encounter challenges such as interpreting intricate model methodologies, ensuring data integrity, and effectively communicating technical findings to stakeholders who may not have a quantitative background. Additionally, staying current with evolving regulatory requirements and industry standards can be demanding. Collaborating closely with model developers, risk managers, and auditors is crucial to address model limitations and propose actionable improvements, making strong communication and analytical skills essential for success in this role.

What are the key skills and qualifications needed to thrive as a quantitative model validation analyst, and why are they important?

To thrive as a Quantitative Model Validation Analyst, you need a strong background in quantitative finance, statistics, and programming, typically supported by a degree in mathematics, finance, or a related field. Familiarity with statistical software such as Python, R, MATLAB, and model risk management frameworks is essential, and certifications like FRM or CFA are advantageous. Analytical thinking, attention to detail, and effective communication skills set top performers apart by enabling them to explain complex model risks and recommendations clearly. These skills and qualities are vital for ensuring the accuracy, reliability, and regulatory compliance of financial models within an organization.

What is the difference between Quantitative Model Validation Analyst vs Quantitative Risk Analyst?

AspectQuantitative Model Validation AnalystQuantitative Risk Analyst
CredentialsTypically requires a degree in finance, mathematics, or statistics; certifications like CFA or FRM are commonSimilar credentials; often holds CFA, FRM, or related certifications
Work EnvironmentFocuses on validating models used in risk management, trading, or credit scoring within financial institutionsAnalyzes and manages financial risk, including market, credit, and operational risks in banking or investment firms
Industry UsageCommonly employed in banking, asset management, and insurance sectorsWidely used in banking, hedge funds, and financial services

The main difference is that Quantitative Model Validation Analysts focus on testing and validating models to ensure accuracy and compliance, while Quantitative Risk Analysts assess and manage overall financial risks. Both roles require strong quantitative skills and often overlap in credentials and work environments, but their core responsibilities differ in scope and focus.

What are popular job titles related to Quantitative Model Validation Analyst jobs in New York?

For Quantitative Model Validation Analyst jobs in New York, the most frequently searched job titles are:

What job categories do people searching Quantitative Model Validation Analyst jobs in New York look for?

The top searched job categories for Quantitative Model Validation Analyst jobs in New York are:

What cities in New York are hiring for Quantitative Model Validation Analyst jobs?

Cities in New York with the most Quantitative Model Validation Analyst job openings:

Quantitative Model Validation Analyst jobs near you
Infographic showing various Quantitative Model Validation Analyst job openings in New York as of August 2026, with employment types broken down into 2% As Needed, 80% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $146,466 per year, or $70.4 per hour.

Model Validation Analyst

Sumitomo Mitsui Financial Group, Inc.

White Plains, NY • On-site

$82K - $96K/yr

Full-time

Posted 24 days ago

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $82,000.00 and $96,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Reporting to the Manager, Model Validation Group, the Model Validation Analyst plays an active role in the implementation and enhancement of Model Risk Management framework for the NYB and subsidiaries by performing independent validation of Credit Risk, Liquidity Risk, and capital stress testing models with the goals of enhancing model risk governance and improving model quality.
Role Responsibilities:
  1. Conducts model validation and model risk governance across SMBC businesses and group companies.
  2. Applies robust model validation methodology to assess the conceptual soundness of model theory, quality of model implementation, and model ongoing monitoring.
  3. Develops and applies model quality assessment and approval criteria to ensure the integrity of model implementation, inputs, outputs, monitoring and reporting.
  4. Develops and maintains documentation, work papers and professional reports of validation results.
  5. Communicates findings from validate work to management and stakeholders, including recommendations as appropriate.
  6. Summarize and present model validation results to model risk management committee.
  7. Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

Qualifications and Skills
• Master's Degree required (MA / MS / MBA) in Finance, Mathematics, Physics, Engineering, Computer Science or related quantitative field.
• Academic and/or professional knowledge in derivative pricing (particularly interest rate and FX products), knowledge of market risk or liquidity risk models is a plus.
• Strong analytical skills, both quantitative and qualitative.
• Proficiency in programming, especially Python.
• Ability to solve complex problems, to learn quickly and to support multiple cross-functional efforts.
• Effective interpersonal and leadership skills, strong communication, especially written skills.
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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