Associate in Model Risk Management role within Financial Services Group analyzing financial risks. Support senior members with model validation, risk assessments, and deliver reports.
Responsibilities
As an Associate, you will support senior team members and gain hands‑on experience in areas such as model validation, financial risk assessment, and analytical review.
Responsibilities include: Assist in performing model validations, internal audits, and consulting engagements related to Current Expected Credit Losses (CECL), Asset Liability Management (ALM), Interest Rate Risk (IRR), and Liquidity Risk.
Conduct research and analysis to identify model assumptions, limitations, and potential control risks.
Perform testing and documentation of model components, including data inputs, methodologies, and outputs.
Support the evaluation of cash flow modeling, forecast performance, and model reasonableness.
Apply understanding of key economic indicators such as unemployment, GDP, inflation (CPI), and interest rates to assess model behavior and risk impacts.
Assist in preparing clear, professional reports summarizing validation procedures, findings, and recommendations.
Participate in client discussions with senior team members, helping address questions and gather information.
Contribute to project organization and workflow management across multiple concurrent engagements.
Support the team through research, analysis, and development of internal tools or process enhancements.
Perform other duties as assigned.
Requirements
Bachelor’s degree in business, accounting, economics, finance, mathematics, statistics, or related analytical field; or an equivalent combination of education and relevant experience.
0–3 years of experience in financial analysis, risk management, modeling, or related analytical roles (internships accepted).
Foundational understanding of: Cash flow modeling concepts Financial and economic indicators such as unemployment, GDP, CPI, and interest rates Strong analytical and problem‑solving abilities.
Effective written and verbal communication skills.
Ability to work independently and in a team environment.
High attention to detail and a willingness to learn complex financial concepts.
Exposure to CECL, ALM, IRR, or Liquidity Risk concepts through coursework, internships, or project experience (desired).
Familiarity with financial modeling software, statistical tools, or programming languages (e.g., Excel VBA, SQL, Python, R) (desired).
Interest in pursuing a career in Model Risk Management or quantitative financial analysis (desired).
Benefits
generous time away and paid firm holidays, including the week between Christmas and New Year’s
flexible work schedules
16 weeks of paid maternity and adoption leave, 8 weeks of paid parental leave, 4 weeks of paid and caregiver leave (once eligible)
first-class health and wellness benefits, including wellness coaching and mental health counseling
one-on-one professional coaching
Leadership and career development programs
access to Beyond: a one-of-a kind program with experiences that help you expand your life, personally and professionally
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