Senior Associate, Model Risk Management

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Company: BDO Digital

Location: San Francisco, CA 94102

Description:

Job Description
  • 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 utilization
  • Provides 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 practice
  • Designs 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 approvals
  • Provides effective challenge to the model design and construction and conduct incremental analysis and testing as necessary
  • Identifies model limitations and ensures the appropriate remediation actions are in place and monitored
  • Writes high-quality validation documentation that satisfies the clients internal model approval functions, audit requirements, and regulatory standards
  • Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
  • Other duties as required
  • Supervisory Responsibilities:
  • Supervises and trains Associate validators on model validation processes
  • Qualifications, Knowledge, Skills and Abilities:
  • Education:
  • Undergraduate degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, required
  • Masters degree, preferred
  • Experience:
  • Two (2) years or more of relevant work experience (Model Risk Management), required
  • Familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques, required
  • Knowledge of data management fundamentals and data storage principles, required
  • Strong analytical and quantitative skills to understand, validate and challenge models effectively, preferred
  • Understanding of financial instrument valuation concepts, preferred
  • Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques, preferred
  • Ability to explain difficult modeling and statistical concepts to diverse audiences and to experts at various clients, preferred
  • Candidate needs to be comfortable providing technical assistance and modeling expertise to non-technical clients and internal teams, preferred
  • Provide recommendations for improved and enhanced model efficiency to clients, preferred
  • Exercise professional judgment on engagements by providing proactive solutions and recommendations, preferred
  • Strong writing and verbal skills, preferred
  • Demonstrate leadership skills, preferred
  • Build and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs, preferred
  • Ability to multi-task and communicate effectively with clients and staff in a consultative setting, preferred
  • License/Certifications:
  • PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferred
  • Software / Technology:
  • Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
  • Experience in Programming skills languages such as in R\, SAS\, Python or other related programming languages, preferred
  • Language:
  • N/A
  • Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidates qualifications, experience, skills, and geography.
  • National Range: $85,000 - $100,000
  • Maryland Range:$85,000 - $100,000
  • NYC/Long Island/Westchester Range: $85,000 - $100,000



About Us
  • Join us at BDO, where you will find more than a career, youll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.
  • At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team.BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.
  • BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firms success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firms success, with no employee contributions.
  • We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on:
  • Welcoming diverse perspectives and understanding the experience of our professionals and clients
  • Empowering team members to explore their full potential
  • Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
  • Celebrating ingenuity and innovation to transform our business and help our clients transform theirs


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