Model Validation Audit Consultant

Overview

We are looking for an experienced Model Validation Audit Consultant for our client on a project basis. This role is fully remote

Responsibilities

• Perform independent audit and review of model validation and model risk management activities.
• Assess the design and effectiveness of controls surrounding model development, implementation, validation, monitoring, and governance.
• Review CECL models, including methodologies supporting credit loss estimates, key assumptions, segmentation, data inputs, and model performance.
• Evaluate market risk models, including methodologies used to measure and monitor trading and market-related exposures.
• Review liquidity risk and treasury models, including liquidity forecasting, stress testing, funding, and balance-sheet risk methodologies.
• Independently assess management’s remediation and closure of regulatory and Internal Audit findings related to model risk.
• Challenge model assumptions, methodologies, limitations, validation conclusions, and supporting documentation.
• Evaluate compliance with the organization’s model risk management framework and applicable regulatory expectations, including Federal Reserve/OCC SR 11-7 model risk management guidance.

Qualifications

• Bachelor’s degree or higher in accounting, finance, or other related fields
• 7+ uears of relevant model validation audit experience
• Qualified applicants must reside in the continental U.S.
• Must be legally authorized to work in the United States now and in the future. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position.