Conduct model validation to ensure model risks are correctly identified, assessed, and managed.
Assessing model theory and assumptions as well as considering alternative modeling methods and approaches
Testing and confirming model results by using documented procedures for running models
Assessing computational accuracy by reviewing code documentation for proper model implementation, including the possible simulation of results
Review and assess model changes and conduct targeted validation on significant model changes
Assessing the integrity of data inputs
Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
Presenting results of model validation work to senior management and making recommendations for improvements

Requirements

MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field.
2-3 years of experience in model validation or other relevant experience in quantitative finance
Excellent quantitative modeling, analytical, research, data analysis and programming skills (e.g. R, Python, SAS, Stata, SQL)
Strong knowledge of theoretical and empirical finance across a broad range of products and asset classes
Good written and verbal communication skills
Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines

Benefits

our retirement savings plan (401K) with company match
insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
paid-time off including vacation, sick leave, short term disability, and family care responsibilities
access to our Employee Assistance Program
incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
eligibility for certain tax advantaged savings plans

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

model validationquantitative modelingdata analysisprogrammingbacktestingsensitivity testingstress testingRPythonSQL

Soft Skills

analytical skillsresearch skillscommunication skillsproject managementindependencetime management