Model Risk Senior Consultant Job in Crowe Llp

Job Description

Position Overview

The Model Risk Senior Consultant will be responsible for performing consulting projects for a variety of financial services clients. The role primarily involves advising clients on model risk management practices and providing model validation services, particularly for credit risk and treasury management (ALM/finance-related models). In addition, the responsibilities will also include:

• Completing key aspects of client service projects, from planning through to completion.
• Building and maintaining trusted advisor relationships with clients, providing appropriate recommendations and solutions.
• Supporting proposal and business development efforts, identifying new client targets, building business relationships with key executives, and preparing and presenting proposals.

Key Responsibilities

• Engage directly with clients to advise on model risk management practices and perform model validation services for credit risk and treasury management models.
• Manage client projects from start to finish, ensuring quality deliverables are provided on time and within budget.
• Develop meaningful and sustained relationships with client management teams, offering insightful recommendations.
• Assist in the preparation and delivery of client proposals, presentations, and reports, contributing to business development.
• Participate in backtesting, stress testing, sensitivity testing, and benchmarking of models to ensure regulatory compliance.
• Perform data processing and provide actionable insights using data visualization tools such as Microsoft Power BI, Tableau, and QlikView.
• Travel up to 30% as needed for client engagements, which may often be conducted remotely.

Qualifications

• Bachelor s degree in Finance, Statistics, Financial Engineering, or Economics, or an equivalent combination of education and experience.
• 4+ years of experience working in financial institutions, Big 4, or a regulatory supervisory role related to financial institutions.
• Working knowledge of model risk management regulatory guidance (e.g., SR 11-7, OCC 2011-12, FDIC FIL-22-2017).
• Experience with credit risk model types (e.g., CECL, PD/LGD, Roll Rate, Scorecards, Stress Testing).
• Experience with other model types, such as Asset Liability Management, Pricing, Mortgage Servicing Rights.
• Direct experience in performing model validations or model development, including concepts such as backtesting, stress testing, sensitivity testing, and benchmarking.
• Knowledge of data processing, data storage, and data visualization technologies.
• Strong communication skills with the ability to present clear and concise reports to clients, with actionable recommendations.
• Ability to manage and deliver client engagements effectively, ensuring quality and adherence to timelines.
• Self-starter, with the ability to prioritize and execute multiple tasks, while conducting research and finding solutions.

Desired Skills and Experience

• Strong analytical background and knowledge of econometrics.
• Knowledge of risk ratings, risk rating/scorecard methodology, model governance, model development, CECL, DFAST, CCAR, and capital allocation methodology.
• Familiarity with statistical packages like SAS, Matlab, Stata, Python, and R.
• Experience with database management tools such as SQL.
• Proficiency in data visualization tools such as Power BI, Tableau, or QlikView.
• Certification or working towards certifications such as RMA CRC, CFA, FRM is preferred.