Model Validator, Model Risk Management
Raymond James Financial, Inc.
**Job Summary:**
This entry-level position supports the Model Risk Management team in the independent validation of a variety of RJ models, including market risk, credit risk, asset management, capital markets and BSA/AML models. The role involves assisting with model documentation reviews, data validation, testing, and reporting, in accordance with regulatory guidance (e.g., SR 11-7 and OCC 2011/12).
This is a great opportunity for someone looking to launch and enhance a career in financial risk, model risk, model analytics, or compliance analytics areas. The ideal candidate is detail-oriented, eager to learn, and interested in the financial and non-financial risk analytics, as well as intersection of data and financial regulation.
** Will not be able to provide visa sponsorship.
**Essential Duties and Responsibilities:**
+ Assist in developing model validation plans for our model inventories.
+ Support reviews of model documentation, including model policies/procedures, model inputs, assumptions, model logic/calculations, model outputs, and model performance related metrics/thresholds, etc
+ Support reviews in model related data inputs/outputs
+ Assist with data testing, including completeness checks, threshold validation, and model logic testing.
+ Help prepare validation reports and supporting documentation.
+ Monitor changes in model risk related regulations and internal model risk policies/procedures/manual.
+ Maintain organized tracking of validation findings, issues, and remediations.
+ Work closely with senior validators, model developers, and other stakeholders to support model validation activities.
+ Help and support model ongoing monitoring, annual review and other model independent review tasks.
**Knowledge, Skills, and Abilities:**
Knowledge of:
+ Statistical concepts, financial analysis and data validation principles.
+ The role of models in financial services industry
+ Financial and non-financial models in the area of market risk, credit risk, asset management, capital markets and BSA/AML models .
+ Model Risk Management regulatory guidance such as SR 11-7 and OCC 2011/12 (preferred, not required).
Skill in:
+ Microsoft Excel and Word for documentation, data analysis, and reporting.
+ Clear written and verbal communication, especially in organizing findings and writing summaries.
+ Analytical thinking, attention to detail, and structured problem-solving.
+ Using or learning basic tools such as SQL, R, or Python for data validation and analysis.
Ability to:
+ Understand how financial and non-financial models operate and produce outputs.
+ Learn regulatory expectations and apply them to model validation work.
+ Collaborate with cross-functional teams in model risk and other risk related business unit model stakeholders.
+ Follow structured validation procedures and meet project deadlines.
+ Document findings in a clear, professional language.
+ Grow in the role and take on increased responsibility over time.
**Educational/Previous Experience Requirements:**
+ Bachelor’s degree in Finance, Economics, Mathematics, Data Science, Computer Science, or a related field.
+ 1-5 years of professional experience in risk management, model risk, data analytics, audit, or related field.
+ Internship, academic project, or work experience related to financial or non-financial risk fields, model risk, financial data analysis, or compliance is a plus.
+ Interest in professional development, including certifications such as CFA, FRM, CAMS is encouraged.
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