Manager – Model Validation Model Risk Audit Consulting
Job Location:
Chicago, IL - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
We are the leading provider of professional services to the middle market globally our purpose is to instill confidence in a world of change empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled culture and talent experience and our ability to be compelling to our clients. Youll find an environment that inspires and empowers you to thrive both personally and professionally. Theres no one like you and thats why theres nowhere like RSM.
- Lead and manage independent model validation or model risk internal audit engagements for banks asset managers and other financial institutions.
- Perform technical model validation procedures including assessment of conceptual soundness model assumptions development methodology data implementation model inputs and outputs controls performance monitoring limitations and ongoing use and evidence supporting model effectiveness.
- Assess model governance control design documentation change management and operating effectiveness across complex model environments.
- Understand and challenge model logic and implementation details; design and execute targeted input/output data transformation rule calculation replication and outcome testing using SQL SAS Python R Alteryx or similar tools.
- Evaluate whether model validation and audit evidence is sufficient reliable and appropriately designed to support conclusions regarding model performance implementation and control effectiveness.
- Coach and mentor junior staff reviewing work and providing structured feedback to develop technical and soft skills.
- Manage multiple projects concurrently including planning scoping budgeting execution and reporting ensuring delivery meets RSMs quality standards.
- Communicate findings and recommendations clearly in both written reports and client presentations.
- Work collaboratively with internal teams and clients to mitigate risk and improve operational effectiveness.
- Participate in business development efforts including proposal writing and client presentations when appropriate.
- Bachelors or Masters degree in Accounting Finance Statistics Economics or a related field.
- 6 years of relevant experience in model validation and/or internal audit risk management or internal controls within the financial services industry.
- Strong understanding of model risk management principles and supervisory expectations risk-based internal audit methodology internal controls and governance frameworks.
- Demonstrated experience leading or performing model validations and/or internal audit involving complex testing control testing or substantive testing over complex models systems or data-driven processes.
- Ability to understand and challenge model logic design testing strategies evaluate evidence and determine whether testing sufficiently supports model performance or operating effectiveness conclusions.
- Proficiency in Python Alteryx R or other analytics tools; experience with SQL or SAS is a plus.
- Ability to manage teams lead engagements and mentor junior professionals.
- Strong written and verbal communication skills.
- Ability to travel as needed (estimated <30%).
- Professional certification relevant to audit model risk financial risk analytics or financial crimes such as CPA CIA CISA FRM CFA or CAMS.
- Prior experience at a public accounting or professional services/consulting firm or in an internal audit function or independent model validation or model risk management function.
- Experience presenting to stakeholders including risk committees or audit committees.
- Experience with AML sanctions transaction monitoring customer risk rating or other financial crimes models.
At RSM we offer a competitive benefits and compensation package for all our offer flexibility in your schedule empowering you to balance lifes demands while also maintaining your ability to serve more about our total rewards at applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal state or local law.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/ is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application interview or otherwise participate in the recruiting process please call us at or send us an email at .
RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying excluding internships you may be eligible for hire as an experienced associate.
RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California please click here for additional information.
At RSM an employees pay at any point in their career is intended to reflect their experiences performance and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including but not limited to education skills work experience certifications location etc. As such pay for the successful candidate(s) could fall anywhere within the stated range.
Compensation Range: $101000 - $203000Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.
Required Experience:
Manager
About Company
RSM US LLP is the leading U.S. provider of assurance, tax and consulting services focused on the middle market.
