BDO · 3 days ago
Experienced Senior Associate, Model Risk Management
BDO is a leading accounting and advisory organization committed to delivering exceptional outcomes for clients and communities. They are seeking an Experienced Senior Associate in Model Risk Management to execute and deliver model risk management engagements, including validation and independent review of models, while contributing to the development of internal methodologies and tools.
AccountingBusiness DevelopmentFinancial ServicesOutsourcing
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
Contributes to the development and enhancement of internal methodologies, tools, and best practices for model validation and risk assessment, supporting continuous improvement and innovation within the MRM team
Leads select client engagements or workstreams, coordinating with cross-functional teams to ensure timely delivery of complex model risk management solutions
Communicates model validation conclusions to BDO internal senior management and relevant project stakeholders
Other duties as required
Provides technical assistance and modeling expertise to non-technical clients and internal teams
Provides recommendations for improved and enhanced model efficiency to clients
Exercises professional judgment on engagements by providing proactive solutions and recommendations
Supervises and trains Associate validators on model validation processes
Qualification
Required
Bachelor's degree in Business, Finance, Mathematics, Econometrics, Statistics, Engineering, or Quantitative Finance
Three (3) or more years of relevant work experience (Model Risk Management)
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word
Familiarity with Data Science, Artificial Intelligence / Machine Learning, Modeling Techniques
Knowledge of data management fundamentals and data storage principles
Strong analytical and quantitative skills to understand, validate, and challenge models effectively
Understanding of financial instrument valuation concepts
Strong analytical and computer skills including experience with quantitative analysis technical tools and techniques
Ability to explain difficult modeling and statistical concepts to diverse audiences and to experts at various clients
Strong writing and verbal skills
Demonstrated leadership skills
Ability to multi-task and communicate effectively with clients and staff in a consultative setting
Preferred
Master's or PhD degree
PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications
Experience in Programming skills languages such as in R, SAS, Python or other related programming languages
Benefits
Employee Stock Ownership Plan (ESOP)
Flexibility and opportunities for advancement
Comprehensive compensation and Total Rewards benefits
Company
BDO
BDO is the leading provider of professional services within the mid-tier of our profession.
H1B Sponsorship
BDO 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
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Trends of Total Sponsorships
2025 (92)
2024 (101)
2023 (119)
2022 (151)
2021 (105)
2020 (199)
Funding
Current Stage
Late StageLeadership Team
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