Model Validation Associate

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and 
cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-
evolving cryptocurrency landscape.

As a Model Validation Associate, you will play a critical role in ensuring the accuracy and reliability of risk models used across FalconX. Your prior experience in risk management and your expertise in applied mathematics will be essential in validating and enhancing the firm's risk modeling capabilities across our products and entities servicing clients around the world. 

• Conducts model validation and model risk governance across FalconX.
• Develops model validation methodology to assess models to confirm the conceptual; soundness of model theory, quality of model implementation, and robustness of model ongoing monitoring.
• Conducts thorough review on model annual assessment, model changes, and ongoing monitoring results
• Develops and maintains documentation, work papers and professional reports of validation results.
• Communicates findings from validation work to management and stakeholders, including recommendations as appropriate.
• Engage with business stakeholders across FalconX to conduct model attestation processes to ensure completeness and accuracy of the model inventory. 
•  Engage with Front Office/Product model owner teams to monitor progress of remediation actions to resolve findings and policy exceptions. 
•  Lead effort to continuously improve model identification processes by streamlining existing processes and partnering with other areas within the bank to enhance proactive model identification processes. 
• Support enhancements to model risk management framework, policy, and procedures. 
•  Support audits and examinations, as well as lead remediation efforts. 
•  Develop and enhance model risk metrics reports and present results to senior management.

Requirements:

• BS or equivalent degree in Statistics, Mathematics, Engineering, Computer Science, Finance, Economics, or related fields 
• 5+ years of experience in risk management, risk analytics, risk consulting, or related domains in financial institutions or consulting firms 
• Knowledge and skill set in model valuation and model development; and working with large and complex data sets.
• Knowledge of regulatory requirements outlined in CECL, IFRS9, SR11-7, other regulations and rules to conducting model validation and model governance assignments
• Proficiency in Microsoft SharePoint, Microsoft PowerBI, Microsoft Office suite 
•  Ability to distill complex data to identify key themes and insights 
•  Familiarity with programming languages (e.g. Python, R, VBA, SQL)  in order to develop scripts and for implementation/replication testing.
• Strong analytical skills, both quantitative and qualitative
• Good problem solver; ability to learn quickly; able to work multiple cross-functional efforts.
• Effective interpersonal skills, strong communication, especially written. 
• Excellent communication (verbal and written), organizational, and interpersonal skills.
• Excellent analytical and problem-solving abilities working for a US regulated Swap Dealer or other financial institution preferred
• Strong communication skills, with the ability to explain complex concepts clearly

Notice at Collection and Privacy Policy

Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at recruiting@falconx.io, if you need assistance with participating in the application process.