Job Description
Job Summary:
The Experienced Manager, Valuation & Capital Market Analytics – MRM is
responsible for managing the execution and delivery of challenging Model Risk
Management related engagements by performing Model 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 leading proposal preparation through project
completion. This role is actively engaged in leading model risk management
assignments, supervising/coaching staff in the development of such assignments,
and serving as a primary day-to-day client contact on engagements.
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
• 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
• Leads complex quantitative review procedures including conceptual soundness
assessment, model testing, and performance evaluation
• Assists Directors and Senior Managers with proposal preparation, engagement
scoping, and client relationship management
• Other duties as required
Supervisory Responsibilities:
• Supervises and trains Senior Associates and Associate validators on model
validation processes
• Reviews workpapers and validation reports to ensure technical accuracy and
consistency with regulatory expectations
Qualifications, Knowledge, Skills, and Abilities:
Education:
• Bachelor’s degree in Mathematics, Econometrics, Statistics, Financial
Engineering, or Quantitative Finance, required
• Master’s degree, preferred
Experience:
• Five (5) or more years of work experience in Model Risk Management,
required
• Experience in leading and performing Model Validation engagements, required
• Experience in writing Model Validation reports, required
• Model Risk Management consulting experience, preferred
• Experience in leading and performing Model Validation, preferred
• Experience in writing Model Validation reports, preferred
License/Certifications:
• PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferred
Software / Technology:
• 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
Other Knowledge, Skills & Abilities:
• Background in Model Risk, including detailed knowledge of model validation
related to statistical, AI and machine learning models
• Understanding of financial instrument valuation concepts
• Strong analytical and computer skills including experience with
quantitative analysis technical tools and techniques
• Ability to explain difficult modeling and statistical concepts to diverse
audiences and to experts at various clients
• Strong Familiarity with Data Science, Artificial Intelligence / Machine
Learning, Modeling Techniques
• Ability to provide technical assistance and modeling expertise to
non-technical clients and internal teams
• Ability to provide recommendations for improved and enhanced model
efficiency to clients
• Ability to exercise professional judgment on engagements by providing
proactive solutions and recommendations
• Ability to demonstrate leadership and management skills
• 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.
National Range: $110,000 - $185,000
Maryland Range: $110,000 - $185,000
NYC/Long Island/Westchester Range: $110,000 - $185,000
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!
[https://www.bdo.com/getmedia/792cf457-f43e-4bb7-a937-a0f8d55f6ecb/BDO-Benefits-Brochure.pdf]
*Benefits may be subject to eligibility requirements.
Equal Opportunity Employer, including disability/vets
Click here to find out more!
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