Experienced Senior Associate, Model Risk Management

BDO USA

7h•$95,000 - $125,000

About The Position

The Experienced Senior Associate, Valuation & Capital Market Analytics – Model Risk Management is responsible for 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, and writing high quality model validation reports. Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world. At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. 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. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization. BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions. We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on: Welcoming diverse perspectives and understanding the experience of our professionals and clients Empowering team members to explore their full potential Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities Celebrating ingenuity and innovation to transform our business and help our clients transform theirs Focus on resilience and sustainability to positively impact our people, clients, and communities BDO Total Rewards that encompass so much more than traditional “benefits.” Click here to find out more! Benefits may be subject to eligibility requirements. Equal Opportunity Employer, including disability/vets Click here to find out more!

Requirements

Bachelor’s degree in Business, Finance, Mathematics, Econometrics, Statistics, Engineering, or Quantitative Finance, required
Three (3) or more years of relevant work experience (Model Risk Management), required
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques
Knowledge of data management fundamentals and data storage principles
Strong analytical and quantitative skills to understand, validate, and challenge models effectively
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 writing and verbal skills
Demonstrated leadership skills
Ability to multi-task and communicate effectively with clients and staff in a consultative setting

Nice To Haves

Master’s or PhD degree, preferred
PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferred
Experience in Programming skills languages such as in R, SAS, Python or other related programming languages, preferred

Responsibilities

Identifies and executes model risk across the model lifecycle including model development, implementation, and utilization
Provides independent review by and serving as the subject matter expert executing against the model validation of models (Credit, Market, Forecasting, etc.) compliant with supervisory guidance on Model Risk Management policies and procedures, regulatory guidance, and industry leading practice
Designs specific validation plans to provide "effective challenge" to models, including assessments of overall design, underlying theoretical approaches, data quality and controls, model specification and estimation, development testing, implementation, use, and approvals
Provides effective challenge to the model design and construction and conduct incremental analysis and testing as necessary
Identifies model limitations and ensures the appropriate remediation actions are in place and monitored
Writes high-quality validation documentation that satisfies the client’s internal model approval functions, audit requirements, and regulatory standards
Contributes to the development and enhancement of internal methodologies, tools, and best practices for model validation and risk assessment, supporting continuous improvement and innovation within the MRM team.
Leads select client engagements or workstreams, coordinating with cross-functional teams to ensure timely delivery of complex model risk management solutions
Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
Other duties as required
Provides technical assistance and modeling expertise to non-technical clients and internal teams
Provides recommendations for improved and enhanced model efficiency to clients
Exercises professional judgment on engagements by providing proactive solutions and recommendations
Supervises and trains Associate validators on model validation processes