Title : Associate, Model Validation
Grade/Level ( relevant for internal applicants only ): Enter the grade level of the position.
The Location: Chicago, IL; New York, NY
Description
The Associate – Model Validation (Senior Analyst, Quantitative Modeling) is a member of a model validation team which independently validates (tests) the quantitative financial models and engines that are developed throughout S&P Global Ratings. The Associate will support the model validation process for the full life cycle of S&P Global Ratings models. The Associate will be responsible for reviewing developmental evidence, conducting model replication and back-testing, and verifying that the models being reviewed are appropriate implementations of the relevant S&P Global Ratings Criteria. The Associate will utilize MATLAB, C++ and SAS to complete their assigned tasks on a timely basis. This position requires regular interaction with internal clients in S&P Global Ratings.
Responsibilities:
- Test and validate quantitative models
- Interact with quantitative staff to gather model related information and clarify model related questions
- Interact with business unit staff to gather model related information and clarify model related questions
- Communicate findings and recommendations with Ratings Quality and Ratings Business
- Enhance procedures for model validation to meet new standards
Qualifications
- Advanced degree in Economics, Mathematics, Statistics, Quantitative/Mathematical Finance or a closely related discipline (Masters or Ph.D.).
- 1+ years of experience in quantitative financial research, model development and model validation.
- Good quantitative financial knowledge in the areas of stochastic interest rate modeling, prepayment modeling, spread modeling, default modeling and cash flow modeling.
- Good quantitative skills in the areas of structured finance, credit derivatives, default and recovery modeling and credit risk management.
- In-depth knowledge of structured financial instruments (CDO, CMBS, ABS, RMBS) as well as corporate finance and capital adequacy for financial institutions desirable.
- Good programming skills in SAS, MATLAB, C++, R or Python.
- Strong ability to communicate complex technical results to non-quantitative audience.
- Ability to work independently.
- Excellent communication and interpersonal skills.
Return to Work
Have you taken time out for caring responsibilities and are now looking to return to work? As part of our Return to Work initiative, we are encouraging enthusiastic and talented returners to apply, and will actively support your return to the workplace
Compensation/Benefits Information (US Applicants Only):
S&P Global states that the anticipated base salary range for this position is $85,700 to $170,400. Base salary ranges may vary by geographic location.
In addition to base compensation, this role is eligible for an annual incentive plan.
This role is eligible to receive additional S&P Global benefits. For more information on the benefits we provide to our employees, visit https://www.spgbenefitessentials.com/newhires .
About Company Statement:
S&P Global delivers essential intelligence that powers decision making. We provide the world’s leading organizations with the right data, connected technologies and expertise they need to move ahead. As part of our team, you’ll help solve complex challenges that equip businesses, governments and individuals with the knowledge to adapt to a changing economic landscape.
S&P Global Ratings offers critical insights for credit, risk and sustainable finance solutions that are essential to translating complexity into clarity, so market participants can uncover opportunities.
Equal Opportunity Employer
S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.
If you need an accommodation during the application process due to a disability, please send an email to: EEO.Compliance@spglobal.com and your request will be forwarded to the appropriate person.
US Candidates Only:The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law.
20 – Professional (EEO-2 Job Categories-United States of America), ANLYTC202.2 – Middle Professional Tier II (EEO Job Group), SWP Priority – Ratings – (Strategic Workforce Planning)
Job ID: 285367
Posted On: 2023-05-22
Location: New York, New York, United States