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Model Risk Senior Consultant

Crowe
Chicago, Illinois, US
Full-time

Your Journey at Crowe Starts Here :

At Crowe, you have the opportunity to deliver innovative solutions to today's complex business issues. Crowe's accounting, consulting, and technology personnel are widely recognized for their in-depth expertise and understanding of sophisticated process frameworks and enabling technologies, along with their commitment to delivering measurable results that help clients build business value.

Our focus on emerging technology solutions along with our commitment to internal career growth and exceptional client value has resulted in a firm that is routinely recognized as a "Best Place to Work.

We are 75 years strong and still growing. Come grow with us!

Job Description :

The Model Risk Senior Consultant will be responsible for performing consulting projects for a variety of financial services clients.

This primarily includes consulting with clients about model risk management practices and providing model validation services, primarily for credit risk and treasury management (ALM) / finance related models.

In addition, the role will also perform the following :

  • Complete key aspects of client service projects from planning to completion.
  • Become a trusted advisor to client management by providing appropriate recommendations and solutions. Able to make and sustain meaningful client relationships.
  • Support proposal and business development activities by identifying new target clients, building business relationships with key executives, and developing and presenting proposals.

Qualifications :

Bachelor's degree in Finance, Statistics, Financial Engineering, or Economics or equivalent combination of education and experience.

Graduate degree a plus.

  • 3+ years' experience of working in financial institutions, Big 4 or equivalent, or regulatory supervisory of financial institutions.
  • Working knowledge of :
  • Model risk management regulatory guidance (SR 11-7, OCC 2011-12, FDIC FIL-22-2017).
  • Credit risk model types (e.g., CECL, PD / LGD, Roll Rate, Scorecards, Stress Testing, etc.).
  • Other model types (e.g., Asset Liability Management, Pricing, Mortgage Servicing Rights, etc.).
  • Direct experience performing model validations or model development, including concepts such as back testing, stress testing, sensitivity testing, and benchmarking.
  • Technical knowledge about data processing, data storage, and data visualization.
  • A self-starter who can prioritize multiple tasks, be resourceful and able to research and find solutions.
  • Write and present to clients clear and concise reports and presentations containing meaningful recommendations.
  • Direct and deliver significant engagements that deliver value to clients through project management, creation of deliverables and knowledge transfer.
  • Manages engagement to ensure quality and is delivered within budget.
  • Engagements are frequently conducted remotely.
  • This position requires travel up to 30%.

Additional skills desired :

  • Solid analytical background and knowledge of econometrics.
  • Knowledge of risk ratings, risk rating / scorecard methodology, model governance, model development, CECL, DFAST, CCAR and capital allocation methodology would be a plus.
  • Experience with statistical packages such as SAS, Matlab, Stata, Python, and R.
  • Experience with database management, such as SQL.
  • Experience with data visualization tools such as Microsoft Power BI, Tableau, QlikView.
  • Working towards or having professional certification preferred (e.g., RMA CRC, CFA, FRM).

We expect the candidate to uphold Crowe's values of Care, Trust, Courage, and Stewardship. These values define who we are.

We expect all of our people to act ethically and with integrity at all times.

Our Benefits :

Below covers everything you need to know about what this opportunity entails, as well as what is expected from applicants.

At Crowe, we know that great people are what makes a great firm. We value our people and offer employees a comprehensive benefits package.

Learn more about what working at Crowe can mean for you!

How You Can Grow :

We will nurture your talent in an inclusive culture that values diversity. You will have the chance to meet on a consistent basis with your Career Coach that will guide you in your career goals and aspirations.

Learn more about where talent can prosper!

More about Crowe :

Crowe (www.crowe.com) is one of the largest public accounting, consulting and technology firms in the United States. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services.

Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world.

The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

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11 days ago
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