Lead Model Validation Specialist

Job Summary

Serving in a hybrid capacity based at the Chicago headquarters, the full-time Lead Model Validation Specialist will perform independent model validations and support the Model Risk Management program, focusing on a variety of models across credit risk, treasury management, and finance.

Key responsibilities

• Independently execute accurate and timely model validations across various risk areas, ensuring compliance with MRM policies and standards
• Prepare and document validation reports with findings and actionable recommendations for model owners and management
• Partner with stakeholders to assess ongoing model performance, identify weaknesses, and support model risk governance activities

Required qualifications

• Bachelor's degree in Mathematics, Statistics, Economics, Quantitative Finance, Engineering, Computer Science, or a related field
• Minimum of 5 years of experience in building, testing, implementing, or validating models within the financial services industry
• Experience with both traditional statistical models and artificial intelligence models
• Ability to prepare detailed validation reports and present findings to stakeholders
• Preferred graduate degree in a related field and 7 years of relevant experience