Experienced Manager, Model Risk Management

BDO USA • Boston, MA

4h • $110,000 - $185,000

About The Position

The Experienced Manager, Valuation & Capital Market Analytics – MRM is
responsible for managing the execution and delivery of challenging Model Risk
Management related engagements by performing Model Risk Management related
activities such as designing effective challenge and validation of models,
independent review of model documentation and governance, writing high quality
model validation reports and leading proposal preparation through project
completion. This role is actively engaged in leading model risk management
assignments, supervising/coaching staff in the development of such assignments,
and serving as a primary day-to-day client contact on engagements.

Requirements

• Bachelor’s degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, required
• Five (5) or more years of work experience in Model Risk Management, required
• Experience in leading and performing Model Validation engagements, required
• Experience in writing Model Validation reports, required
• Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
• Experience with R, SAS, Python, or related programming languages, required
• Background in Model Risk, including detailed knowledge of model validation related to statistical, AI and machine learning models
• Understanding of financial instrument valuation concepts
• Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques
• Ability to explain difficult modeling and statistical concepts to diverse audiences and to experts at various clients
• Strong Familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques
• Ability to provide technical assistance and modeling expertise to non-technical clients and internal teams
• Ability to provide recommendations for improved and enhanced model efficiency to clients
• Ability to exercise professional judgment on engagements by providing proactive solutions and recommendations
• Ability to demonstrate leadership and management skills
• Ability to build and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs
• Ability to multi-task and communicate effectively with clients and staff in consultative setting

Nice To Haves

• Master’s degree, preferred
• Model Risk Management consulting experience, preferred
• Experience in leading and performing Model Validation, preferred
• Experience in writing Model Validation reports, preferred
• PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferred

Responsibilities

• Oversees the independent review and model validation of models (Credit, Market, Forecasting, etc.) compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practice
• Manages a team within Model Risk Management, organizes schedules of deliverables and meets deliverable due dates, and escalates issues
• Writes high-quality validation documentation that satisfies the client’s internal model approval functions, audit requirements, and regulatory standards
• Represents BDO’s Model Risk Management team in interactions with the client, external audit teams and regulatory bodies
• Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
• Leads complex quantitative review procedures including conceptual soundness assessment, model testing, and performance evaluation
• Assists Directors and Senior Managers with proposal preparation, engagement scoping, and client relationship management
• Other duties as required
• Supervises and trains Senior Associates and Associate validators on model validation processes
• Reviews workpapers and validation reports to ensure technical accuracy and consistency with regulatory expectations

Benefits

• BDO is proud to be an ESOP company, reflecting a culture that puts people first,by sharing financially in our growth in value with our U.S. team.
• The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewardsbenefits offerings.
• The annual allocation to the ESOP is fully funded by BDOthrough investments in company stock and grants employees the chance to growtheir wealth over time as their shares vest and grow in value with the firm’ssuccess, with no employee contributions.
• BDO Total Rewards that encompass so much more than traditional“benefits.”

What This Job Offers

• Job Type: Full-time
• Career Level: Manager