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BDO USA, P.C Senior Associate, Valuation Model Risk Management in NEW YORK, New York
Job Summary:The 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.Job Duties:Identifies and executes model risk across the model lifecycle including model development, implementation, and utilizationProvides 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 practiceDesigns 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 approvalsProvides effective challenge to the model design and construction and conduct incremental analysis and testing as necessaryIdentifies model limitations and ensures the appropriate remediation actions are in place and monitoredWrites high-quality validation documentation that satisfies the client's internal model approval functions, audit requirements, and regulatory standardsCommunicates model validation conclusions to BDO internal senior management and relevant project stakeholdersOther duties as requiredSupervisory Responsibilities:Supervises and trains Associate validators on model validation processesQualifications, Knowledge, Skills and Abilities:Education:Undergraduate degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, requiredMaster's degree, preferredExperience:Two (2) years or more of relevant work experience (Model Risk Management), requiredFamiliarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques, requiredKnowledge of data management fundamentals and data storage principles, requiredStrong analytical and quantitative skills to understand, validate and challenge models effectively, preferredUnderstanding of financial instrument valuation concepts, preferredStrong analytical and computer skills including experience with quantitative analysis technical tools and techniques, preferredAbility to explain difficult modeling and statistical concepts to diverse audiences and to experts at various clients, preferredCandidate needs to be comfortable providing technical assistance and modeling expertise to non-technical clients and internal teams, preferredProvide recommendations for improved and enhanced model efficiency to clients, preferredExercise professional judgment on engagements by providing proactive solutions and recommendations, preferredStrong writing and verbal skills, preferredDemonstrate leadership skills, preferredBuild and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs, preferredAbility to multi-task and communicate effectively with clients and staff in a consultative setting, preferredLicense/Certifications:PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferredSoftware / Technology:Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, requiredExperience in Programming skills languages such as in R\, SAS\, Python or other related programming languages, preferredLanguage:N/AIndividual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.National Range: $85,000 - $100,000Maryla