Model Validation Consultant

Model Validation ConsultantImmediate need for a Model Validation Consultant, having experience of any industry. This is a 12 months contract opportunity with long-term potential located in Plano TX.The Client's Customer Analytics, Capital and Modeling Department is looking for a highly motivated and qualified Model Validation Consultant to support its objectives. The primary responsibility of this role is to support the model validation team to mitigate the model risks under the model governance for the entire organization. The team is responsible to discover and diagnose modeling related risks including input data, assumption, concept, methodology, process and implementation. The team is also responsible to opine on the model strength and weakness and recommend practical solutions.Key Responsibilities:Support the model validation team to mitigate the model risksDiscovers and diagnoses modeling related risks including input data, assumption, concept, methodology, process and implementationProvides subject matter expertise on models' strength and weakness and recommend practical solutionsValidates models assigned by model governance committeeDiscusses validation results with model owners and governance team to gain consensus and create strategies to implement changes if neededUtilizes express mode validation for new model development, facing legal and compliance related modeling issues, quick model fixes, etc.Review model documents, and conduct test runs on model codesProvide different view on methodology and calculations, and provide feedback to model developersWork on model validation reports with hiring manager and provide ad hoc support to himMust Have:Advanced Degree. Specify: Master's Degree in Statistics, Econometrics, Finance, Operations Research, or equivalent. PhD is preferred5+ years of financial model development or model validation experience3+ years of work experience in using SAS and SQLQuantitative analysis skillsWork experience in Financial IndustryModel development or validation experience in PD, LGD, Prepayment and Cash Flow modelsPreferred/ Nice-to-haves:Working experience in CECL or IFRS 9Working experience in CCARWorking experience in using R