Model Risk & AI Validation Analyst

REKRUITD

  • Mundelein, IL
  • Today

    Highlights

    Knowledge of model validation methodologies including conceptual soundness, model performance, benchmarking, sensitivity analysis, and assumptions/limitations testing. Experience with banking risk models, including areas such as credit, financial forecasting, regulatory compliance, CECL, liquidity, or financial crime.

    Numbers & Facts

    LocationMundelein, IL

    Description

    Job Description

    REKRUITD is partnering with a financial services organization seeking a Model Risk & AI Validation Analyst for a full-time, permanent opportunity. This position will support the independent validation and governance of quantitative models, machine learning solutions, and AI systems.


    Role description:

    • Independently validate quantitative models, machine learning solutions, and AI systems
    • Evaluate model methodology, conceptual soundness, data integrity, assumptions and limitations, implementation accuracy, and model performance
    • Perform quantitative testing including back-testing, sensitivity analysis, scenario analysis, benchmarking, and performance testing
    • Review model development, methodology, testing, governance, and supporting documentation
    • Identify model weaknesses, limitations, and areas requiring remediation
    • Provide independent challenge and clearly communicate validation findings to model owners and business stakeholders
    • Support model governance, validation reporting, and regulatory review activities
    • Track findings and work with stakeholders through remediation

    Experience:

    • 2–5 years of experience in model validation, model development, model risk management, data science, AI, or machine learning
    • Model validation or development experience within banking or financial services
    • Experience working with AI/ML and/or quantitative models
    • Experience with banking risk models, including areas such as credit, financial forecasting, regulatory compliance, CECL, liquidity, or financial crime
    • Knowledge of model validation methodologies including conceptual soundness, model performance, benchmarking, sensitivity analysis, and assumptions/limitations testing
    • Strong quantitative, analytical, documentation, and communication skills
    • Master's degree or PhD in a quantitative or related discipline preferred


    Employment Type: Full-time, Permanent

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