VP - Senior Model Validation Specialist

VP - Senior Model Validation Specialist

  • Location

    New York, United States

  • Sector:

    Risk Management

  • Job type:


  • Salary:

    $150,000 - $175,000 + bonus

  • Contact:

    Corey Rague

  • Job ref:


  • Published:

    7 months ago

  • Expiry date:


  • Consultant:


JCW is currently working on a search for a VP Model Validation Specialist with a leading international banking organization for their White Plains, NY location. This position will focus on validations of market models including interest rate, FX and commodity derivatives valuation, trading, market risk, and counterparty credit risk models. The model validation specialist will participate in various aspects of model risk oversight, analysis, monitoring, and reporting. The successful candidate will work with front office traders and marketers, senior management within the organization, auditors and regulatory examiners.

Responsibilities include:

  • Develop robust quantitative validation methodology to confirm the conceptual soundness of model theory and implementation
  • Develop and apply model quality assessment and approval criteria to ensure the integrity of model implementation, inputs, outputs, and reporting
  • Develop and maintain documentation, work papers, and professional reports of validation results
  • Guide Junior team members and oversee their validations

Position requirements:

  • Advanced degree in a quantitative field such as finance, statistics, mathematics, physics, engineering
  • Minimum of 5 years of relevant work experience in financial services industry in the quantitative space
  • Extensive experience in market model development or validation including derivatives pricing, market risk, and capital models
  • Extensive knowledge of derivatives and their key risks
  • Advanced programming skills in Python

Corey Rague recruits for Risk and Analytics professionals across the financial services sector and would be happy to provide further details about this or other positions. You can reach him at (646) 517-8533 or at corey.rague@jcwresourcing.com