BDO Capital Advisors, LLC
Senior Associate, Valuation - Model Risk Management
BDO Capital Advisors, LLC, New York, New York, us, 10261
United States
Job Description Job Summary:
The Senior Associate, Valuation & Capital Market Analytics – Model Risk Management is responsible for execution and delivery of challenging Model Risk Management related engagements by performing Model Risk Management related activities such as designing effective challenge and validation of models, independent review of model documentation and governance, and writing high quality model validation reports.
Job Duties
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
Other duties as required
Supervisory Responsibilities
Supervises and trains Associate validators on model validation processes
Qualifications, Knowledge, Skills and Abilities Education:
Experience:
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
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
License/Certifications
PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferred
Software / Technology
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Experience in Programming skills languages such as in R, SAS, Python or other related programming languages, preferred
Language
N/A
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.
National Range: $85,000 - $100,000
Maryland Range: $85,000 - $100,000
NYC/Long Island/Westchester Range: $85,000 - $100,000
About Us Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.
At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.
BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well‑being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.
We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on:
Welcoming diverse perspectives and understanding the experience of our professionals and clients
Empowering team members to explore their full potential
Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
Focus on resilience and sustainability to positively impact our people, clients, and communities
*Benefits may be subject to eligibility requirements.
Locations 200 Park Avenue, New York, NY, 10166, US 2901 West Busch Blvd, Tampa, FL, 33618, US 2033 N Main St, Walnut Creek, CA, 94596, US 12505 Park Potomac Ave, Potomac, MD, 20854, US 3570 Carmel Mountain Road, San Diego, CA, 92130, US 10 W Market St, Indianapolis, IN, 46204, US 8548 Rozita Lee Ave, Las Vegas, NV, 89113, US 2715 Jorie Blvd, Oak Brook, IL, 60523, US 501 Commerce Street, Nashville, TN, 37203, US 4999 Pearl E. Circle, Boulder, CO, 80301, US 1301 Riverplace Blvd, Jacksonville, FL, 32207, US 299 South Main Street, Salt Lake City, UT, 84111, US 800 Nicollet Mall, Minneapolis, MN, 55402, US 3 Executive Campus, Cherry Hill, NJ, 08002, US 300 Spruce Street, Columbus, OH, 43215, US 1300 East Ninth Street, Cleveland, OH, 44114, US 221 E. 4th Street, Cincinnati, OH, 45202, US 626 Washington Pl, Pittsburgh, PA, 15219, US 9500 Bryn Mawr Ave, Rosemont, IL, 60018, US Two Union Square, Seattle, WA, 98101, US 515 E Las Olas Blvd, Fort Lauderdale, FL, 33301, US 8001 Forsyth Blvd, St. Louis, MO, 63105, US Centurion 1601 Forum Place, West Palm Beach, FL, 33401, US 31 325 W McBee Ave, Greenville, SC, 29601, US 31 615 South College St., Charlotte, NC, 28202, US 1801 Market Street, Philadelphia, PA, 19103, US 100 SE 2nd St., Miami, FL, 33131, US 90 Woodbridge Center Dr., Woodbridge, NJ, 07095, US 25 201 Old Country Road, Melville, NY, 11747, US 8401 Greensboro Drive, McLean, VA, 22102, US One Erdman Place, Madison, WI, 53717, US 330 E. Kilbourn Ave., Milwaukee, WI, 53202, US 10999 IH-10W, San Antonio, TX, 78230, US 2555 E. Camelback Rd, Phoenix, AZ, 85016, US 4250 Lancaster Pike, Wilmington, DE, 19805, US 23 600 North Pearl, Dallas, TX, 75201, US 450 S Orange Ave, Orlando, FL, 32801, US 1180 Peachtree St NE, Atlanta, GA, 30309, US 301 Commerce St, Fort Worth, TX, 76102, US 20 303 E. 17th Avenue, Denver, CO, 80203, US 600 W 5th Street, Austin, TX, 78701, US One Bush Street, San Francisco, CA, 94104, US 53 300 Park Avenue, San Jose, CA, 95110, US 15 One International Place, Boston, MA, 02110, US 421 Fayetteville Street, Raleigh, NC, 27601, US 6410 Poplar Ave, Memphis, TN, 38119, US 13 Williams Mullen Ctr, Richmond, VA, 23219, US 10960 Grantchester Way, Columbia, MD, 21044, US 700 E Pratt Street, Baltimore, MD, 21202, US 11 200 Ottawa Ave NW, Grand Rapids, MI, 49503, US 330 North Wabash, Chicago, IL, 60611, US 2929 Allen Parkway, Houston, TX, 77019, US 6 2600 W. Big Beaver Road, Troy, MI, 48084, US 799 9th Street N.W., Washington, DC, 20001, US 4 515 S Flower St, Los Angeles, CA, 90071, US
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Job Description Job Summary:
The Senior Associate, Valuation & Capital Market Analytics – Model Risk Management is responsible for execution and delivery of challenging Model Risk Management related engagements by performing Model Risk Management related activities such as designing effective challenge and validation of models, independent review of model documentation and governance, and writing high quality model validation reports.
Job Duties
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
Other duties as required
Supervisory Responsibilities
Supervises and trains Associate validators on model validation processes
Qualifications, Knowledge, Skills and Abilities Education:
Experience:
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
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
License/Certifications
PhD, CPA, CIA, CFA, CA, CCA, CMA, CAIA or FRM certifications, preferred
Software / Technology
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Experience in Programming skills languages such as in R, SAS, Python or other related programming languages, preferred
Language
N/A
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.
National Range: $85,000 - $100,000
Maryland Range: $85,000 - $100,000
NYC/Long Island/Westchester Range: $85,000 - $100,000
About Us Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.
At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.
BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well‑being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.
We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on:
Welcoming diverse perspectives and understanding the experience of our professionals and clients
Empowering team members to explore their full potential
Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
Focus on resilience and sustainability to positively impact our people, clients, and communities
*Benefits may be subject to eligibility requirements.
Locations 200 Park Avenue, New York, NY, 10166, US 2901 West Busch Blvd, Tampa, FL, 33618, US 2033 N Main St, Walnut Creek, CA, 94596, US 12505 Park Potomac Ave, Potomac, MD, 20854, US 3570 Carmel Mountain Road, San Diego, CA, 92130, US 10 W Market St, Indianapolis, IN, 46204, US 8548 Rozita Lee Ave, Las Vegas, NV, 89113, US 2715 Jorie Blvd, Oak Brook, IL, 60523, US 501 Commerce Street, Nashville, TN, 37203, US 4999 Pearl E. Circle, Boulder, CO, 80301, US 1301 Riverplace Blvd, Jacksonville, FL, 32207, US 299 South Main Street, Salt Lake City, UT, 84111, US 800 Nicollet Mall, Minneapolis, MN, 55402, US 3 Executive Campus, Cherry Hill, NJ, 08002, US 300 Spruce Street, Columbus, OH, 43215, US 1300 East Ninth Street, Cleveland, OH, 44114, US 221 E. 4th Street, Cincinnati, OH, 45202, US 626 Washington Pl, Pittsburgh, PA, 15219, US 9500 Bryn Mawr Ave, Rosemont, IL, 60018, US Two Union Square, Seattle, WA, 98101, US 515 E Las Olas Blvd, Fort Lauderdale, FL, 33301, US 8001 Forsyth Blvd, St. Louis, MO, 63105, US Centurion 1601 Forum Place, West Palm Beach, FL, 33401, US 31 325 W McBee Ave, Greenville, SC, 29601, US 31 615 South College St., Charlotte, NC, 28202, US 1801 Market Street, Philadelphia, PA, 19103, US 100 SE 2nd St., Miami, FL, 33131, US 90 Woodbridge Center Dr., Woodbridge, NJ, 07095, US 25 201 Old Country Road, Melville, NY, 11747, US 8401 Greensboro Drive, McLean, VA, 22102, US One Erdman Place, Madison, WI, 53717, US 330 E. Kilbourn Ave., Milwaukee, WI, 53202, US 10999 IH-10W, San Antonio, TX, 78230, US 2555 E. Camelback Rd, Phoenix, AZ, 85016, US 4250 Lancaster Pike, Wilmington, DE, 19805, US 23 600 North Pearl, Dallas, TX, 75201, US 450 S Orange Ave, Orlando, FL, 32801, US 1180 Peachtree St NE, Atlanta, GA, 30309, US 301 Commerce St, Fort Worth, TX, 76102, US 20 303 E. 17th Avenue, Denver, CO, 80203, US 600 W 5th Street, Austin, TX, 78701, US One Bush Street, San Francisco, CA, 94104, US 53 300 Park Avenue, San Jose, CA, 95110, US 15 One International Place, Boston, MA, 02110, US 421 Fayetteville Street, Raleigh, NC, 27601, US 6410 Poplar Ave, Memphis, TN, 38119, US 13 Williams Mullen Ctr, Richmond, VA, 23219, US 10960 Grantchester Way, Columbia, MD, 21044, US 700 E Pratt Street, Baltimore, MD, 21202, US 11 200 Ottawa Ave NW, Grand Rapids, MI, 49503, US 330 North Wabash, Chicago, IL, 60611, US 2929 Allen Parkway, Houston, TX, 77019, US 6 2600 W. Big Beaver Road, Troy, MI, 48084, US 799 9th Street N.W., Washington, DC, 20001, US 4 515 S Flower St, Los Angeles, CA, 90071, US
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