Model Maker jobs in Delaware

Job Title: Model Validation Developer

Location: Newark, DE

Type: Fulltime

About Customer:

Our client, a publicly traded U.S. corporation that provides consumer banking is seeking for a Model Validation Developer.

Job Summary:

The Model Risk Developer will be responsible for ensuring the accuracy, integrity, and compliance of our organization's financial models and risk assessment tools.

What You'll Do:

• Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.
• Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.
• Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.
• Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.
• Prepare and present reports on model risk to senior management and regulatory bodies.
• May manage a Model Risk team and provide guidance, support, and mentorship to team members.
• Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.

What you Have:

Minimum Education, Skills and Experience Required:

• Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
• Familiarity with regulatory requirements and the ability to interpret and implement them.
  Proficiency in programming languages such as SAAS, Python or R, along with experience working with statistical packages.
• Excellent analytical and problem-solving skills, with the ability to evaluate complex financial models and identify potential risks.
• Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
• Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Preferred Education, Skills and Experience:

• Bachelor's degree in finance, mathematics, statistics, economics, or a related field.
• 5 years of experience in statistical modeling, model risk management, financial modeling, or a related field within the financial services industry.