Model Validator, Model Risk Management

Job Description

Job Summary:

This entry-level position supports the Model Risk Management team in the independent validation of a variety of RJ models, including market risk, credit risk, asset management, capital markets and BSA/AML models. The role involves assisting with model documentation reviews, data validation, testing, and reporting, in accordance with regulatory guidance (e.g., SR 11-7 and OCC 2011/12).

This is a great opportunity for someone looking to launch and enhance a career in financial risk, model risk, model analytics, or compliance analytics areas. The ideal candidate is detail-oriented, eager to learn, and interested in the financial and non-financial risk analytics, as well as intersection of data and financial regulation.

** Will not be able to provide visa sponsorship.

               

Essential Duties and Responsibilities:

• Assist in developing model validation plans for our model inventories.
• Support reviews of model documentation, including model policies/procedures, model inputs, assumptions, model logic/calculations, model outputs, and model performance related metrics/thresholds, etc
• Support reviews in model related data inputs/outputs
• Assist with data testing, including completeness checks, threshold validation, and model logic testing.
• Help prepare validation reports and supporting documentation.
• Monitor changes in model risk related regulations and internal model risk policies/procedures/manual.
• Maintain organized tracking of validation findings, issues, and remediations.
• Work closely with senior validators, model developers, and other stakeholders to support model validation activities.
• Help and support model ongoing monitoring, annual review and other model independent review tasks.

Knowledge, Skills, and Abilities:

Knowledge of:

• Statistical concepts, financial analysis and data validation principles.
• The role of models in financial services industry
• Financial and non-financial models in the area of market risk, credit risk, asset management, capital markets and BSA/AML models .
• Model Risk Management regulatory guidance such as SR 11-7 and OCC 2011/12 (preferred, not required).

Skill in:

• Microsoft Excel and Word for documentation, data analysis, and reporting.
• Clear written and verbal communication, especially in organizing findings and writing summaries.
• Analytical thinking, attention to detail, and structured problem-solving.
• Using or learning basic tools such as SQL, R, or Python for data validation and analysis.

Ability to:

• Understand how financial and non-financial models operate and produce outputs.
• Learn regulatory expectations and apply them to model validation work.
• Collaborate with cross-functional teams in model risk and other risk related business unit model stakeholders.
• Follow structured validation procedures and meet project deadlines.
• Document findings in a clear, professional language.
• Grow in the role and take on increased responsibility over time.

Educational/Previous Experience Requirements:

• Bachelor’s degree in Finance, Economics, Mathematics, Data Science, Computer Science, or a related field.
• 1-5 years of professional experience in risk management, model risk, data analytics, audit, or related field.
• Internship, academic project, or work experience related to financial or non-financial risk fields, model risk, financial data analysis, or compliance is a plus.
• Interest in professional development, including certifications such as CFA, FRM, CAMS is encouraged.

Education

Bachelor’s: Accounting, Bachelor’s: Actuarial Science, Bachelor’s: Applied Mathematics

Work Experience

General Experience - 3 to 6 years

Certifications

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. 

We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. 

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