Model Risk & AI Validation Analyst Job at REKRUITD, Mundelein, IL

  • REKRUITD
  • Mundelein, IL

Job Description

Job Description

Seeking a Model Risk & AI Validation Analyst for a full-time, permanent opportunity. This position will support the independent validation and governance of quantitative models, machine learning solutions, and AI systems.

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Role description:

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  • Independently validate quantitative models, machine learning solutions, and AI systems
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  • Evaluate model methodology, conceptual soundness, data integrity, assumptions and limitations, implementation accuracy, and model performance
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  • Perform quantitative testing including back-testing, sensitivity analysis, scenario analysis, benchmarking, and performance testing
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  • Review model development, methodology, testing, governance, and supporting documentation
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  • Identify model weaknesses, limitations, and areas requiring remediation
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  • Provide independent challenge and clearly communicate validation findings to model owners and business stakeholders
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  • Support model governance, validation reporting, and regulatory review activities
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  • Track findings and work with stakeholders through remediation
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Experience:

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  • 2–5 years of experience in model validation, model development, model risk management, data science, AI, or machine learning
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  • Model validation or development experience within banking or financial services
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  • Experience working with AI/ML and/or quantitative models
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  • Experience with banking risk models, including areas such as credit, financial forecasting, regulatory compliance, CECL, liquidity, or financial crime
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  • Knowledge of model validation methodologies including conceptual soundness, model performance, benchmarking, sensitivity analysis, and assumptions/limitations testing
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  • Strong quantitative, analytical, documentation, and communication skills
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  • Master's degree or PhD in a quantitative or related discipline preferred
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Employment Type: Full-time, Permanent

Job Tags

Permanent employment, Full time

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