Model Development

3 weeks ago


Newark, United States Avesta Computer Services Full time

Job Title - Model Developer -Validation

Location: Newark, Delaware, United States - Hybrid

Type: Fulltime


Job Summary:

The Model Validation will be responsible for ensuring the accuracy, integrity, and compliance of our organization and financial models and risk assessment tools.


Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.

Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.

Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.

Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.

Prepare and present reports on model risk to senior management and regulatory bodies.

May manage a Model Risk team and provide guidance, support, and mentorship to team members.

Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.


Experience Required:


  • Knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
  • Familiarity with regulatory requirements and the ability to interpret and implement them.
  • Proficiency in programming languages such as SAS or Python or R, along with experience working with statistical packages.
  • Excellent analytical and problem-solving skills, with the ability to evaluate complex financial models and identify potential risks.
  • Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
  • Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.


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