Validation Senior Analyst Model Risk -Chicago, IL -Hybrid
Listed on 2026-01-26
-
Finance & Banking
Banking Analyst -
IT/Tech
Data Analyst
-Chicago, IL
-Hybrid
Fin Trust Connect Chicago IL Hybrid
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Join our Talent Community for Chicago based opportunities across banks and broker dealers. On site access supports committee sessions and closure testing. Market postings in Chicago highlight senior analyst scope with full coverage of conceptual soundness and benchmarking and implementation checks.
As a Validation Senior Analyst you will lead testing across market and credit and treasury and AML models, produce clear issues and action plans, and support monitoring setup for production.
Requirements
4 to 7 years in model validation or quantitative audit
Proven work on backtesting and benchmarking and implementation and performance monitoring
Python or R and SQL and comfort with version control and notebooks
Strong report writing for risk and audit stakeholders
Responsibilities
Execute full scope validations with reproducible scripts
Benchmark models with challengers and independent data
Draft findings with severity and dates and ownership
Build monitoring KPIs and drift and stability checks
Prepare exam evidence and respond to RFIs
Outcomes we track
Documentation completeness 100%
Repeat findings down 30% in 2 quarters
Compensation and terms
Consultant pay $70 to $150 per hour
Contract Hybrid Chicago IL or Remote US W2 or 1099
Keywords
Model Validation, Market Risk, Credit Risk, SR 11 7, Backtesting, Benchmarking, Python, R, SQL, Work papers, Chicago, Governance, Committee, RFIs
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