Job Description

Model Risk Quantitative Analytics Senior Associate
Job Number: 21-09798
Eclaro is currently recruiting for a Model Risk Quantitative Analytics Senior Associate for one of their financial services clients in Cleveland, OH.
Eclaro’s client is one of the nation’s largest bank-based financial services companies with assets over $130Billion.  This position is a direct hire and will be responsible for leading a large team of UX/UI Designers in a collaborative environment.  
Position Overview:
  • Conduct independent validations of Client's high impact models (e.g. CECL, Credit Risk Rating, AML etc.) in compliance with regulatory and Client's model validation policies and guidelines.
  • The person in this role will be viewed as a deep subject matter expert with a highly specialized skill set.
  • The position requires a strong quantitative background.
  • Review and challenge the conceptual framework, assumptions, technical soundness and fit-for-use of Client's high impact models
  • Assess model performance through rigid statistical/quantitative analyses of the model outcomes
  • Verify the correct model implementation through review or replication
  • Assess model risks/limitations and the adequacy of model ongoing monitoring/maintenance
  • Verify the model has been properly documented
  • Document the validation procedures and results
  • Coach, develop, and mentor junior model validators
Required Qualifications:
  • PhD or Master's degree in Statistics, Mathematics, or other quantitative field with advanced knowledge of statistics, mathematics and financial modeling
  • 2+ years of model development or model validation experience in high impact models (e.g. CECL, Credit Risk Rating, AML, etc.)
  • 5+ years of model development or model validation experience preferred
  • 2+ years of working experience with SAS, SQL, Python, or R, with hands-on experience in developing or validating various Machine Learning (Client) algorithms for solving real-world problems
  • Strong analytical and quantitative skills
  • Excellent written and oral communication skills
  • Ability to perform multiple tasks simultaneously to meet strict deadlines
  • Ability to work independently and in a team environment in collaboration with other team members and external consulting firms
If interested, you may contact:
Audrei Cortez
Audrei Cortez | LinkedIn
Equal Opportunity Employer:
Eclaro values diversity and does not discriminate based on Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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