The Job Network

Senior Model Validation

companySpero Llc
locationGreenville, SC, USA
PublishedPublished: 6/14/2022
Full Time

Job Description

What You'll Do:
The Associate Principal level individual we are looking for, will have responsibility in the validation and assessment of the performance of quantitative models. The role will include significant interaction with the Quantitative Risk Management and technology departments.

Review and validate quantitative risk model documentation
Verify accuracy and reliability of the software implementation of the model
Develop and implement complex independent tests to validate the model implementation
Develop model risk analysis tools, such as back testing tools, to support ongoing model validation
Develop and implement repeatable back testing suites for new and existing models
Develop and implement independent models to benchmark production models
Assess the models by ensuring that the data used is valid
Document testing activities
Document validation activities
Communicate with Quantitative Risk Management and other departments about issues and concerns
Provide expert knowledge on recommendations throughout validation processes
Create logical and innovative solutions to complex problems
Complete all validation assessments to meet strict business timelines
Other duties as assigned

Education and/or Experience:
6+ years of model validation or quantitative experience as a goal of those to include.

2 or more years of software development experience in C++, Java, C#, solid object-oriented programming skills, MS SQL Server database, or similar current modern technology
Some work or experience in Matlab and R/Splus desirable
Advanced degree in mathematical finance, econometrics, mathematics, physics, chemistry or similar discipline or science with quantitative focus
Quantitative finance knowledge at the level of Measuring Market Risk by Kevin Dowd, or similar comparable.

The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
Excellent verbal and written communication skills
Collaborate effectively within the department and across other departments
Ability to work independently
Complex problem solving skills
Strong detail orientation, analytical, and assessment skills
Ability to manage time effectively to meet project deadlines
Strong multi-tasking skills

What We Offer
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
A hybrid work environment, up to 2 days per week of remote work
Tuition Reimbursement to support your continued education
Student Loan Repayment Assistance
Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
Generous PTO and Parental leave
Competitive health benefits including medical, dental and vision

Flexible work from home options available.

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