Model Validation Audit Consultant

TALENT SHIFT LLC•UNAVAILABLE, UNAVAILABLE

5d•Remote

About The Position

Talent Shift, LLC is seeking an experienced Model Validation Audit Consultant to support a client on a project basis. The role is fully remote and focuses on independently auditing model validation and model risk management activities, assessing controls, and reviewing credit, market, liquidity, and treasury models. The consultant will also assess remediation of regulatory and Internal Audit findings and evaluate compliance with the organization’s model risk management framework and applicable regulatory expectations, including Federal Reserve/OCC SR 11-7 guidance. Qualified applicants must reside in the continental United States and be legally authorized to work in the United States now and in the future. Employment eligibility will be verified at hire; visa sponsorship is unavailable. The position is offered through Talent Shift, LLC, a project marketplace and subsidiary of Forvis Mazars, LLP.

Requirements

Bachelor’s degree or higher in accounting, finance, or another related field.
At least 7 years of relevant model validation audit experience.
Must reside in the continental United States.
Must be legally authorized to work in the United States now and in the future; employment eligibility verification is required at hire.
Visa sponsorship is not available.

Responsibilities

Perform independent audits and reviews of model validation and model risk management activities.
Assess the design and effectiveness of controls surrounding model development, implementation, validation, monitoring, and governance.
Review CECL models, including credit-loss estimation methodologies, assumptions, segmentation, data inputs, and model performance.
Evaluate market risk models and methodologies used to measure and monitor trading and market-related exposures.
Review liquidity risk and treasury models, including liquidity forecasting, stress testing, funding, and balance-sheet risk methodologies.
Independently assess management’s remediation and closure of regulatory and Internal Audit findings related to model risk.
Challenge model assumptions, methodologies, limitations, validation conclusions, and supporting documentation.
Evaluate compliance with the organization’s model risk management framework and applicable regulatory expectations, including Federal Reserve/OCC SR 11-7 guidance.