Name
Consulting - Enterprise Risk & Quantitative Solutions - Consultant Posting Title
Quantitative Solutions Consultant Date Published
Thursday, January 23, 2025 Job Category
Risk Advisory Office
Enterprise Risk & Quantitative Consulting (Forvis) Advertised Location
US-NC-Charlotte, US-NC-Charlotte, US-NY-New York
Description & Requirements
We are seeking a skilled and motivated Quantitative Solutions Consultant, who is looking to develop their career in quantitative and risk management consulting. As a Consultant, you will have the opportunity to serve financial services clients alongside subject matter experts to deliver forward thinking solutions to help our clients identify, monitor, and manage model risk, as well as ensure regulatory compliance. Our Quantitative Solutions practice provides model risk management, model development, model implementation, model validation, model operations, and AI solutions across industries. We are looking for a qualified individual to help our practice grow.
How you will contribute:
- Ensure models are designed, deployed, and performing as expected by executing model validations, which includes an assessment of the model's conceptual soundness, data inputs and outputs, assumptions and overlays, as well as performance indicators such as back testing and benchmarking analysis.
- Review model risk management frameworks to ensure governance mechanisms are in place, well designed, and robust so that model risk can be effectively managed.
- Design, develop, and / or deploy reporting and oversight frameworks to assist clients in integrating sound and effective risk management practices.
- Perform model reviews and model audits in coordination with the second and third lines of defense to ensure that model calculations, data, and assumptions are correct and can be relied upon, and that models are subject to adequate due diligence and review and challenge.
- Execute model validation testing to confirm the accuracy of the model calculations, which will require analytical, mathematical, and statistical skills and expertise.
- Perform effective review and challenge through validation, audit, or other review which may involve BSA/AML, CECL, ALM, stress testing, scorecard, compliance/regulatory, pricing/valuation, regression, and economic capital models, among others.
We are looking for people who are motivated and forward thinking, and demonstrate:
- An ability to prioritize multiple tasks simultaneously;
- Strong analytical and organizational skills with particular attention to detail;
- Critical thinking and problem-solving skills that support delivering individualized solutions to clients;
- Proficiency with standard analytical systems such as R, Python, Alteryx, SAS, Excel, etc.;
- Highly effective verbal and written communication skills with strong report writing capabilities;
- A self-starter mentality with the ability to be agile and collaborative.
Minimum Qualifications:
- Bachelor's degree in finance, economics, accounting, statistics, data analytics/science or other quantitative fields.
- Ability to read programming in languages such as R, or Python and database management such as SQL.
- Experience with data analysis, quantitative analysis, and data validation, and common modeling techniques/methodologies.
Preferred Qualifications:
- Experience coding in R, Python, SAS or other programming language
#LI-CLTSP, #LI-CLTU, #LI-NYC
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Forvis Mazars, LLP
Jan 28, 2025