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Date Added: Thu 09/05/2024

Model Assurance Framework Engineer

Warton, LA5, UK
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Company: HERNSHEAD RECRUITMENT LTD

Job Type: Contract, Full Time

Salary: £60 - £65/hour

About this position:

We currently have a great opportunity for a Model Assurance Framework Engineer on a contract basis with a global engineering solutions company who have a proven track record serving the product lifecycle needs of high technology companies.

Job Responsibilities:

* Develop and implement a comprehensive model assurance framework to guarantee the accuracy, reliability, and compliance of our models.

* Collaborate with stakeholders to define requirements, establish standards, and design processes for model validation and verification.

* Design and automate test cases, scripts, and procedures to assess the performance and functionality of models under various scenarios.

* Conduct thorough reviews of model documentation, code, and assumptions to identify potential errors or discrepancies.

* Work closely with data scientists, analysts, and developers to integrate quality assurance practices into the model development lifecycle.

* Perform root cause analysis of model failures and implement corrective actions to prevent recurrence.

* Provide technical guidance and support to teams on best practices for model testing, validation, and deployment.

* Stay informed about industry regulations, standards, and emerging technologies related to model assurance and incorporate relevant insights into our framework.

* Participate in cross-functional meetings, workshops, and training sessions to foster collaboration and knowledge sharing across teams.

Experience Required:

* Bachelor's degree or higher in computer science, engineering, mathematics, or a related field.

* Proven experience in developing and implementing quality assurance frameworks for complex software systems or mathematical models.

* Strong proficiency in programming languages such as Python, Java, or R, with experience in test automation and scripting.

* Solid understanding of statistical methods, mathematical modelling techniques, and data analysis tools.

* Familiarity with regulatory requirements and industry standards related to model risk management (e.g., SR 11-7, CECL, IFRS 9).

* Excellent analytical skills with the ability to identify patterns, trends, and anomalies in data.

* Experience with DEF-STAN-00-970

* Experience with RA5812 and RA1210 standards

Other:

Due to SC requirements these posts are open to SOLE UK NATIONALS ONLY
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