BDO USA · 2 weeks ago
Senior Associate, Valuation - Model Risk Management
United States
Full-time
Remote
Mid, Senior Level
$85K/yr - $100K/yr
2+ years expBDO USA is a leading accounting and advisory organization that values individuality and impactful work. The Senior Associate in Valuation & Capital Market Analytics – Model Risk Management is responsible for executing challenging model risk management engagements, including model validation and independent reviews, while also supervising and training junior validators.
AccountingConsultingFinancial Services
Responsibilities
Identifies and executes model risk across the model lifecycle including model development, implementation, and utilization
Provides independent review by and serving as the subject matter expert executing against the model validation of models (Credit, Market, Forecasting, etc.) compliant with supervisory guidance on Model Risk Management policies and procedures, regulatory guidance, and industry leading practice
Designs specific validation plans to provide "effective challenge" to models, including assessments of overall design, underlying theoretical approaches, data quality and controls, model specification and estimation, development testing, implementation, use, and approvals
Provides effective challenge to the model design and construction and conduct incremental analysis and testing as necessary
Identifies model limitations and ensures the appropriate remediation actions are in place and monitored
Writes high-quality validation documentation that satisfies the client’s internal model approval functions, audit requirements, and regulatory standards
Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
Supervises and trains Associate validators on model validation processes
Other duties as required
Qualification
Required
Undergraduate degree in Mathematics, Econometrics, Statistics, Financial Engineering, or Quantitative Finance, required
Two (2) years or more of relevant work experience (Model Risk Management), required
Familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques, required
Knowledge of data management fundamentals and data storage principles, required
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Preferred
Master's degree, preferred
Strong analytical and quantitative skills to understand, validate and challenge models effectively, preferred
Understanding of financial instrument valuation concepts, preferred
Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques, preferred
Ability to explain difficult modeling and statistical concepts to diverse audiences and to experts at various clients, preferred
Candidate needs to be comfortable providing technical assistance and modeling expertise to non-technical clients and internal teams, preferred
Provide recommendations for improved and enhanced model efficiency to clients, preferred
Exercise professional judgment on engagements by providing proactive solutions and recommendations, preferred
Strong writing and verbal skills, preferred
Demonstrate leadership skills, preferred
Build and broaden industry knowledge to support organization and function initiatives by taking advantage of local and national training programs, preferred
Ability to multi-task and communicate effectively with clients and staff in a consultative setting, preferred
PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferred
Experience in Programming skills languages such as in R, SAS, Python or other related programming languages, preferred
Benefits
Employee Stock Ownership Plan (ESOP)
Comprehensive compensation and Total Rewards benefits
Company
BDO USA
BDO USA renders taxation, audit, assurance, advisory, and business outsourcing services to companies across all sectors of the economy.
10001+ employees
H1B Sponsorship
BDO USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (92)
2024 (101)
2023 (119)
2022 (151)
2021 (105)
2020 (199)
Funding
Current Stage
Late StageTotal Funding
$1.3BKey Investors
Apollo
2023-08-15Debt Financing· $1.3B
Leadership Team
Catherine Moy
Chief People Officer
Cristin Boynton
Principal, Tax Automation & Innovation
Recent News
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