Quantitative Model Validation Analyst

Vacancy details

General information


About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/



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Job description

Business type

Types of Jobs - Risk Management / Control

Job title

Quantitative Model Validation Analyst

Contract type

Permanent Contract

Job summary



Perform the model validation as per the validation guidelines and the regulation requirements, with a focus on market risk, ALM and compliance models.

Effectively and independently challenge the decisions made during development, follow-up and use of models focusing in particular on:

-     the model compliance with Group standards and banking regulations,

-     the quality of model documentation, associated risks, scope, uses and impact assessment,

-     the justification of assumptions and methodological choices, stability and robustness of estimation methods or parameters calibration,

-     the data quality used for modeling,

-     the implementation tests results in the systems,

-     the comparison, where possible, with best practices.


Write a validation report presenting the analyses of the model, the tests, the results, the identification and quantification of model risks, and an independent opinion on the model including recommendations actions to mitigate model weaknesses.

Archive validation materials (data, spreadsheets, computer code) to ensure auditability by internal and external audit teams.

Organize the discussions with model owners, developers and users throughout the validation process and communicate the conclusions within internal governance framework.


Salary range: $150,000 - $160,000

Position location

Geographical area

America, United States Of America



Candidate criteria

Minimal education level

Postgraduate degree – MA/MSc/PhD/Doctorate or equivalent

Academic qualification / Speciality

Master of Science (MsC) applied to finance/engineer or related field

Level of minimal experience

3-5 years


3/5 years of experience on modelling or model validation, at least partially for market operations.

Required skills

-Mathematical finance and statistics.

-Programming skills (Python, VBA, R)

- Good communication skills oral and written with capacity to adapt the message to the interlocutor level (modeling expert, users, managers, and auditors)

- Knowledge of banking regulations and standards on model validation and model risk management

- Rigor, reliability, capacity to synthetize, and pedagogy

- French would be a plus