Vacancy expired!
ACS group has an immediate need for a Model Validation with experience in the Banking Industry. This is a 12 months contract opportunity (with long-term potential) and is located in New York, NY/ Pittsburgh, PA. Our client is a leading Banking and Finance company.Please review the job description below:
Top Skills: The ideal candidate will have a modeling or validation background in pricing, market VaR modeling, and counter-party credit risk modeling.Key Responsibilities:The contractor will contribute to highly visible enterprise-wide model validation function in the organization. The models make estimates that are a key input to management decisions and are reported to Senior Management and the Board of Directors on a regular basis. The role will be to execute enterprise standards for model validation. The incumbent will be responsible for identifying and evaluating model risk and propose controls to manage that risk. This will entail following the scope of a validation effort and executing tests and reviews. The incumbent will work in three disciplines: 1) OTC Derivative Pricing 2) VaR Modeling and 3) Counter-party Credit Risk Modeling. Execute enterprise standards for model validation by applying techniques and methodologies to test assumptions and review outcomes of a model. Tests and reviews align to the validation scope established by more senior colleagues. The incumbent will be responsible for identifying and evaluating model risk and proposing controls to manage that risk. Subsequent to the validation of a model, the incumbent is expected to lead projects that automate prior testing, allowing risk to be assessed on a dynamic basis. The incumbent is required to construct shadow models that run alongside those in production, allowing Model Risk Management to monitor performance in real time. No formal supervisory responsibility. Primarily responsible for the accuracy and quality of own work . Modified based upon local regulations/requirements. Qualifications:Master's Degree/PhD in a quantitative discipline, including engineering, mathematics, physics, statistics, econometrics. The candidate must have a superb quantitative and analytical background with a solid theoretical pricing/VaR Modeling/counter-party credit risk modeling foundation coupled with strong programming, documentation and communications skills. 2+ years of experience. Must have experience with complex quantitative derivatives pricing/VaR Modeling/counter-party credit risk modeling, numerical analysis, and computational methods using programming languages (such as Python, C/C, C#, Java, MATLAB) as well as mathematical/statistical software packages. Must be extremely focused, detail oriented, results oriented and highly productive. Must have a proven track record of being able to conduct independent research, analyze problems, formulate and implement solutions, and produce quality results on time efficiently and effectively. The candidate must have excellent scientific and technical documentation and presentation skills, assertiveness & influencing skills, and the skills to explain abstract theoretical concepts to a non-expert audience in easy-to-understand language.If it creates an interest for you, please email me the latest copy of your resume. Thanks, and regards,(Email signature, which must have a contact number and email address)ABOUT ACS GROUP. – ACS Group is a premier provider of IT Consulting, Engineering Consulting, Healthcare, Talent, and Workforce Management Solutions to Fortune 1000 companies globally. Our operating brands have provided targeted services and solutions for more than 50 years. We serve our clients through four operating companies: AICAnalystsComforceHealthHireGenicsRecent Recognitions:#No. 6 Largest IT staffing Firm in the U.S. (2019 SIA)#Largest Minority-Owned IT Staffing Firm in the U.S. (2018 SIA)# No. 8 Largest IT Staffing Firm in the U.S. (2018 SIA)#Inavero’s Best of Staffing® Client Diamond Award (2018).#National Class lV Supplier of the Year Finalist and a Regional Class IV Supplier of the Year by NMSDC#Inavero's Best of Staffing®Client Diamond Award Winner(2017) Website: www.acsicorp.comVacancy expired!