Remote and Freelance - Model Validation Analyst

We are searching for Model Validation analyst who can work on ad-hoc project basis. Can be remote.

Primary Responsibilities:

• Support model validation process for Anti-Money Laundering (AML) models.
• Assist with development and execution of specific validation plan to include reviews of inputs, outputs, model theory, controls and documentation. Model calibration assistance may also be required.
• Review the underlying assumptions, inputs, conceptual soundness and theory, developmental evidence, implementation and output of the model being evaluated.
• Perform statistical analysis, benchmarking and back-testing of AML models.
• Identify and quantify model risk associated with the model being validated.
• Document results of model validation procedures. Prepare validation report and technical documents for the model being validated.

Qualifications:

• Advanced Degree in Statistics, Economics, Finance, Physics, Math, or Engineering preferred
• 3+ years of specific experience with AML model validation required
• CAMS certification is required
• OCC (SR 11-7)
• Experience with Model Validation preferably experience managing a model validation engagement is required
• Experience required with one or more of the following systems
  1. Actimize
  2. Verafin
  3. Patriot Officer
  4. BAM+
  5. FCRM (Fiserv)
• Experience calibrating the models preferred
• Excellent written and verbal communication skills with a focus on detailed and clear technical writing.
• Stellar references on past project work required
• Consulting experience preferred
• Remote work allowed with periodic site visits

About RiskSpan

RiskSpan is a leading source of analytics, modeling, data and risk management solutions for the Consumer and Institutional Finance industries. We solve business problems for clients such as banks, mortgage-backed and asset-backed securities issuers, equity and fixed-income portfolio managers, servicers, and regulators that require our expertise in the market risk, credit risk, operational risk and information technology domains.

Riskspan is proud to be an Equal Opportunity/Affirmative Action employer committed to hiring a diverse workforce and sustaining an inclusive culture. Qualified candidates must be legally authorized to be employed in the United States on an unrestricted basis.