Experienced Senior Associate, Model Risk Management

BDO USA, P.C. • San Francisco, CA

5d • $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.

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
• 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
• Familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques
• Knowledge of data management fundamentals and data storage principles

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

Benefits

• ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being.
• comprehensive compensation and Total Rewards benefits offerings

What This Job Offers

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