What are the responsibilities and job description for the Model Validation Associate Director position at Underground Administration?
Location & Compensation
● Hybrid – Boston or Jersey City
● Up to $190K Bonus
● No Visa Sponsorship or Relocation Assistance
Seeking an experienced Model Validation Associate Director to oversee enterprise-wide
Model Risk Management (MRM), ensuring regulatory compliance and effective risk
assessment. This role involves validating financial models, analyzing risk methodologies, and
collaborating with internal stakeholders to maintain model integrity and performance.
Responsibilities
● Perform model validations, reviews, and approvals, ensuring compliance with
regulatory standards (SR 11-7).
● Oversee model risk governance, validation schedules, and performance monitoring.
● Collaborate with model owners, developers, and users to resolve validation issues.
● Present findings to the Model Risk Governance Council (MRGC) and provide strategic
recommendations.
● Work with auditors and regulators on model risk compliance and reporting.
● Assess risk models, including VaR modeling, backtesting, and stress testing.
● Utilize programming languages such as Python, R, SQL, MATLAB, or C for
quantitative analysis.
Qualifications
● Ph.D. or Master’s in quantitative finance, mathematics, economics, or financial
engineering.
● 5 years of experience in model validation, risk analytics, or quantitative modeling.
● Strong expertise in valuation models, risk models (VaR, Greeks, stress testing), and
financial instruments.
● Proficiency in statistical modeling, Monte Carlo simulations, and time series
analysis.
● Excellent communication skills with the ability to present complex quantitative concepts
to financial professionals.
