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    Model Assurance Framework Engineer - Lancaster, Lancashire, United Kingdom - Hernshead Recruitment Ltd

    Hernshead Recruitment Ltd
    Hernshead Recruitment Ltd Lancaster, Lancashire, United Kingdom

    4 weeks ago

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    Description

    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
    • Experience with RA5812 and RA1210 standards Other: Due to SC requirements these posts are open to SOLE UK NATIONALS ONLY #J-18808-Ljbffr


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