• Job Description

  Req#: 5840

  Job Summary:

  The Senior Manager, Valuation & Capital Market Analytics – Model Risk Management (MRM) is responsible for managing the execution and delivery of challenging Model Risk Management related engagements by performing risk management related activities such as designing effective challenge and validation of models, independent review of model documentation and governance, writing high quality model validation reports and will the initial proposal preparation through project completion. This role is actively engaged in the management of model risk management assignments and managing staff in the development of such assignments.

  
  Job Duties:

  • Oversees the independent review and model validation of models (Credit, Market, Forecasting, etc.) compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practice
  • Conducts quantitative analytics, complex econometric modeling projects and capital stress testing models
  • Examines conceptual soundness of models being validated
  • Conducts thorough testing and provides critical review of conceptual and performance aspects of the model
  • Presents work through formal validation reports, as well as thorough presentation to the client model owners and senior management
  • Manages a team within Model Risk Management, organizes schedules of deliverables and meets deliverable due dates, and escalates issues
  • Writes high-quality validation documentation that satisfies the client’s internal model approval functions, audit requirements, and regulatory standards
  • Represents BDO’s Model Risk Management team in interactions with the client, external audit teams and regulatory bodies
  • Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
  • Other duties as required

  Supervisory Responsibilities:

  Supervises and trains Senior Associates and Associate validators on model validation processes

  
  Qualifications, Knowledge, Skills and Abilities:

  Education:

  • Undergraduate degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, required
  • Master’s degree, preferred

  Experience:

  • Six (6) or more years of relevant work experience (Model Risk Management), required
  • Demonstrated experience applying financial instrument valuation concepts, required
  • Experience explaining difficult modeling and statistical concepts to diverse audiences and to experts at various clients, required
  • Experience in leading and performing Model Validation, required
  • Experience in writing Model Validation reports, required
  • Experience and strong familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques, preferred
  • Background in Model Risk, including detailed knowledge of model validation related to statistical, AI and machine learning models, preferred

  License/Certifications:

  • PhD, CIA, CFA, CCA, CMA, CAIA, QRM, or FRM certifications, preferred

  Software:

  • Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
  • Experience with R, SAS, Python, or related programming languages, required

  Language:

  • N/A

  Other Knowledge, Skills, & Abilities:

  • Proficient in providing technical assistance and modeling expertise to non-technical clients and internal teams
  • Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques
  • Ability to make recommendations for improved and enhanced model efficiency to clients
  • Ability to exercise professional judgment on engagements by providing proactive solutions and recommendations
  • Demonstrated leadership and management skills
  • Demonstrated ability to build and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs
  • Ability to multi-task and communicate effectively with clients and staff in consultative setting

  Individual 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.

  California Range: $175,000 - $210,000

  Colorado Range: $175,000 - $210,000

  NYC/Long Island/Westchester Range: $175,000 - $210,000

  Washington Range: $175,000 - $210,000

  Washington DC Range: $175,000 - $210,000

• About the company

  BDO USA, LLP is the United States Member Firm of BDO International, a global accounting network.

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