Senior Manager, Valuation - Model Risk Management

Job Description

Job Summary :

The Senior Manager, Valuation & Capital Market Analytics - Model Risk Management (MRM) is responsible for managing the execution and delivery of challenging Model Risk Management related engagements by performing risk management related activities such as designing effective challenge and validation of models, independent review of model documentation and governance, writing high quality model validation reports and will the initial proposal preparation through project completion.

This role is actively engaged in the management of model risk management assignments and managing staff in the development of such assignments.

Job Duties :

• Oversees the independent review and model validation of models (Credit, Market, Forecasting, etc.) compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practice
• Conducts quantitative analytics, complex econometric modeling projects and capital stress testing models
• Examines conceptual soundness of models being validated
• Conducts thorough testing and provides critical review of conceptual and performance aspects of the model
• Presents work through formal validation reports, as well as thorough presentation to the client model owners and senior management
• Manages a team within Model Risk Management, organizes schedules of deliverables and meets deliverable due dates, and escalates issues
• Writes high-quality validation documentation that satisfies the client's internal model approval functions, audit requirements, and regulatory standards
• Represents BDO's Model Risk Management team in interactions with the client, external audit teams and regulatory bodies
• Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
• Other duties as required

Supervisory Responsibilities :

Supervises and trains Senior Associates and Associate validators on model validation processes

Qualifications, Knowledge, Skills and Abilities :

Education :

• Undergraduate degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, required
• Master's degree, preferred

Experience :

• Six (6) or more years of relevant work experience (Model Risk Management), required
• Demonstrated experience applying financial instrument valuation concepts, required
• Experience explaining difficult modeling and statistical concepts to diverse audiences and to experts at various clients, required
• Experience in leading and performing Model Validation, required
• Experience in writing Model Validation reports, required
• Experience and strong familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques, preferred
• Background in Model Risk, including detailed knowledge of model validation related to statistical, AI and machine learning models, preferred

License / Certifications :

PhD, CIA, CFA, CCA, CMA, CAIA, QRM, or FRM certifications, preferred

Software :

• Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
• Experience with R, SAS, Python, or related programming languages, required
Language :
• N / A
• N / A

Other Knowledge, Skills, & Abilities :

• Proficient in providing technical assistance and modeling expertise to non-technical clients and internal teams
• Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques
• Ability to make recommendations for improved and enhanced model efficiency to clients
• Ability to exercise professional judgment on engagements by providing proactive solutions and recommendations
• Demonstrated leadership and management skills
• Demonstrated ability to build and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs
• Ability to multi-task and communicate effectively with clients and staff in consultative setting

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.

California Range : $175,000 - $210,000

Colorado Range : $175,000 - $210,000

NYC / Long Island / Westchester Range : $175,000 - $210,000

Washington Range : $175,000 - $210,000

Washington DC Range : $175,000 - $210,000

About Us

Join us at BDO, where you will find more than a career, you'll find a place where your work is impactful, and you are valued for your individuality.

We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.

At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities.

BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.

S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.

BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm's success through beneficial ownership and a unique opportunity to enhance their financial well-being.

The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm's success, with no employee contributions.

We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual.

With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on :

• Welcoming diverse perspectives and understanding the experience of our professionals and clients
• Empowering team members to explore their full potential
• Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
• Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
• Focus on resilience and sustainability to positively impact our people, clients, and communities
• BDO Total Rewards that encompass so much more than traditional "benefits." Click here to find out more!
• Benefits may be subject to eligibility requirements.

Equal Opportunity Employer, including disability / vets

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