Director of Model Validation

Washington , DC 22103

Posted: 01/28/2019 Category: Credit Job Number: 281490-2_1 Salary: $180,000 - 205,000
Director of Model Validation
Location: Washington, DC
Salary: $180,000 - 205,000
Contact: Paul Chatlos, [email protected]

The Director of Model Validation will lead a team in the validation of stress testing, loss forecasting and other Basel related models for a number of financial products within commercial finance. The Director of Model Validation will be expected to design and lead model validation projects as leveraging deep data driven technical knowledge to develop modeling solutions and recommendations. Furthermore, the Director of Model Validation will be expected to manage model methodology practices, model documentation as well as the development of benchmarking and challenger models. The Director of Model Validation will have regular interactions with model owners, regulators and auditors. The Director of Model Validation will also be relied upon as a thought leader to enhance best practices related model methodology and also to help develop the validation group further.

Requirements for Director of Model Validation Include:

-Master's Degree in a quantitative discipline (Statistics, Mathematics, Physics, Economics, etc) Ph.D. STRONGLY preferred
-Ten (10) or more years of experience developing and validating statistical and econometric models
-Ten to Fifteen (10-15) years of experience within the financial services industry
-Five (5) or more years of relevant work experience in financial services credit risk modeling supporting wholesale, commercial or mortgage lines of business.
-Stress Test and Credit Loss Model development experience are required
-Strong working experience with CCAR/DFAST/CECL and Stress Testing Initiatives
-Excellent skills in SAS, SQL, R, MATLAB or other programming languages
-Strong familiarity with credit scoring techniques and bureau data
-Excellent knowledge of regulatory requirements within CCAR and Basel as well as SR 11-7 guidelines
-Strong model development/building experience is a big plus!

Paul Chatlos
Executive Recruiter

Paul specializes in the recruitment of quantitative marketing professionals. He prides himself in building excellent relationships with both clients and candidates in order to best address their hiring needs and career goals.
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