Model Developer/Validation

3 weeks ago


Newark, United States Avesta Computer Services Full time

Job Title - Model Developer/Validation

Location: Newark, Delaware, United States - Hybrid

Type: Fulltime


Customer Introduction

Our client, a publicly traded U.S. corporation that provides consumer banking is seeking to hire a Model Developer


Job Summary:

The Model Developer will be responsible for the design and development of models ensuring the accuracy, integrity, and compliance of our organization's financial models and risk assessment tools.


What You'll Do:

Responsible for development of financial models, including 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, and validation, to identify and mitigate potential risks.

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


What you Have:

Minimum Education, Skills and Experience Required:

Strong 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 SAAS, Python or R, along with experience working with statistical packages.

Excellent analytical and problem-solving skills, with the ability to design complex financial models and identify potential risks.

Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.


Preferred Education, Skills and Experience:

Bachelor's degree in finance, mathematics, statistics, economics, or a related field.

2-3 years of experience in statistical modeling, model risk management, financial modeling, or a related field within the financial services industry.



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