Principal Model Validation Specialist

Request Technology - Craig Johnson

Posted on May 26, 2023 by Request Technology - Craig Johnson

Chicago, IL 60601
Immediate Start
$140k - $170k Annual

*We are unable to sponsor for this permanent Full time role*

*Position is bonus eligible*

Prestigious Financial Company is currently seeking a Principal Model Validation Specialist. Candidate will have responsibility in the validation and assessment of the performance of quantitative models. The role will include significant interaction with the Quantitative Risk Management and technology departments.


  • Review and validate quantitative risk model documentation
  • Verify accuracy and reliability of the software implementation of the model
  • Develop and implement complex independent tests to validate the model implementation
  • Develop model risk analysis tools, such as back testing tools, to support ongoing model validation
  • Develop and implement repeatable back testing suites for new and existing models
  • Develop and implement independent models to benchmark production models
  • Assess the models by ensuring that the data used is valid
  • Document testing activities
  • Document validation activities
  • Communicate with Quantitative Risk Management and other departments about issues and concerns
  • Provide expert knowledge on recommendations throughout validation processes
  • Create logical and innovative solutions to complex problems
  • Complete all validation assessments to meet strict business timelines
  • Other duties as assigned


Strong software development experience in C++, Java, C#, solid object-oriented programming skills, MS SQL Server database, or similar current modern technology

6+ years of related experience

Some work or experience in Matlab and R/Splus desirable

Advanced degree in mathematical finance, econometrics, mathematics, physics, chemistry or similar discipline or science with quantitative focus

Quantitative finance knowledge at the level of Measuring Market Risk by Kevin Dowd, or similar comparable.

Ability to work independently

Complex problem solving skills

Strong detail orientation, analytical, and assessment skills

Ability to manage time effectively to meet project deadlines

Strong multi-tasking skills

Reference: 2563933423

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Principal Model Validation Specialist in Chicago, IL, Full-Time

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