Onsite Associate – Model Risk Management

Posted 1 hour ago

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About the role

  • 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

Job title

Associate – Model Risk Management

Job type

Experience level

JuniorMid level

Salary

Not specified

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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