Job Type: Contract

Job Category: IT

Job Description

Role: Quant Analytics Sr. Associate – Financial models
Location - Cleveland, OH-Onsite

Contract

Exp in required skills: 5-10 years

Skills:

• Python
• Artificial Intelligence (AI)
• Data Concepts & Data Modeling
• Risk Management, Digital
• Risk Regulatory Compliance Analytics,
• Analytical Ability

Job Description
Must Have Technical/Functional Skills

• Hands-on experience in statistical and AI/ML model development or validation, with a strong understanding of quantitative modeling methods (including AI/ML algorithms) used for various Finance predictive models
• Proficiency in programming languages such as Python, R, SQL or SAS.
• Excellent written and verbal communication skills to clearly articulate complex technical findings to both technical and non-technical stakeholders

Roles & Responsibilities

• Perform hands-on quantitative model validation/review. This includes testing the model's conceptual soundness, data accuracy, methodology, and ongoing performance through techniques like back testing, benchmarking, and stress testing, etc.
• Provide an effective challenge throughout the model validation/review to ensure that models are robust, and all assumptions and limitations are justified
• Present findings, weakness and/or observations identified from the validation/review to model developers/owners and provide them with executable finding remediations.
• Prepare detailed validation reports and memos that document the validation approach, findings, and conclusions.
• Participate in internal audits and regulatory exams by presenting validation results and methodologies and assisting in the remediation of any audit or exam findings.
• Act as a subject matter expert on modeling techniques, risk management practices, and regulatory trends.
• This involves performing research and developing advanced analytical tools or benchmarking models to aid the validation process.

Required Skills