AVP, Model Variation Specialist

Full Time

International Investment Banking Client

Office Status: Hybrid


  • Subject matter expert and owner of regular validation of models and methodologies within a specific risk and/or model category (including pre-provision net revenue (PPNR) projection models as well as models in credit, market, operational, and liquidity risk among others)
  • Independent compilation of detailed validation reports, follow-through on mitigation of validation findings, and documentation thereof
  • Development of challenger models and methodologies (as part of the validation and within a specific risk category) including independent data collection and complex statistical analysis and testing
  • Directly interact with auditors/regulators as subject matter expert for assigned models
  • Development of subject-matter/technical expertise on model validation and training of team members
  • Ensure regulatory compliance specific to SR11-7 guidance for model risk management


  • Professional experience in quantitative model development or validation is a requirement
  • Quantitative modeling or validation experience in the field of financials or insurances is a plus
  • Experience in stress testing, DFAST, or Comprehensive Capital Analysis Review (CCAR) is a plus
  • Graduate degree in mathematics, statistics, physics, econometrics, or engineering is a requirement; PhD desirable
  • Very strong data management and analysis skills with experience in relevant software packages, e.g., MS Excel, MS Access, VBA, SQL, MATLAB, R, and SAS. Experience with additional programming languages is a plus, e.g., C++, Python
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