Associate - Model Risk Management

WHO WE ARE

Elliott Davis pairs forward-thinking tax, assurance and consulting services with industry-leading workplace culture. Our nine offices — located in the fastest growing cities in the US — are built on a foundation of inclusivity, collaboration, and collective growth. We work daily to provide exceptional service to our people, customers, and our communities. Audit and assurance services are provided by Elliott Davis, LLC (doing business in NC and D.C. as Elliott Davis, PLLC), a licensed CPA firm.

Position Overview

We are seeking an Associate - Model Risk Management to join our Financial Services Group (FSG). Our FSG team is over 120 professionals strong and serves more than 500 financial institutions across the United States. This is an excellent opportunity to begin or grow a career in model risk, financial analytics, and banking advisory while helping financial institutions operate stronger, wiser, and better.

Responsibilities

As an Associate, you will support senior team members and gain hands‑on experience in areas such as model validation, financial risk assessment, and analytical review. Responsibilities include:

• Assist in performing model validations, internal audits, and consulting engagements related to Current Expected Credit Losses (CECL), Asset Liability Management (ALM), Interest Rate Risk (IRR), and Liquidity Risk.
• Conduct research and analysis to identify model assumptions, limitations, and potential control risks.
• Perform testing and documentation of model components, including data inputs, methodologies, and outputs.
• Support the evaluation of cash flow modeling, forecast performance, and model reasonableness.
• Apply understanding of key economic indicators such as unemployment, GDP, inflation (CPI), and interest rates to assess model behavior and risk impacts.
• Assist in preparing clear, professional reports summarizing validation procedures, findings, and recommendations.
• Participate in client discussions with senior team members, helping address questions and gather information.
• Contribute to project organization and workflow management across multiple concurrent engagements.
• Support the team through research, analysis, and development of internal tools or process enhancements.
• Perform other duties as assigned.

Required Qualifications:

• Bachelor’s degree in business, accounting, economics, finance, mathematics, statistics, or related analytical field; or an equivalent combination of education and relevant experience.
• 0–3 years of experience in financial analysis, risk management, modeling, or related analytical roles (internships accepted).
• Foundational understanding of:
  • Cash flow modeling concepts
  • Financial and economic indicators such as unemployment, GDP, CPI, and interest rates
• Strong analytical and problem‑solving abilities.
• Effective written and verbal communication skills.
• Ability to work independently and in a team environment.
• High attention to detail and a willingness to learn complex financial concepts.

Desired Qualifications:

• Exposure to CECL, ALM, IRR, or Liquidity Risk concepts through coursework, internships, or project experience.
• Familiarity with financial modeling software, statistical tools, or programming languages (e.g., Excel VBA, SQL, Python, R).
• Interest in pursuing a career in Model Risk Management or quantitative financial analysis.

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WHY YOU SHOULD JOIN US

We believe that when our employees are able to thrive in all facets of life, their work and impact are that much greater.
That's right – all aspects of life, not just your life as an employee, because we understand that there's life beyond your job. Here are some of the ways our work works for your life, your growth, and your well-being: 
•    generous time away and paid firm holidays, including the week between Christmas and New Year’s
•    flexible work schedules
•    16 weeks of paid maternity and adoption leave, 8 weeks of paid parental leave, 4 weeks of paid  and caregiver leave (once eligible) 
•    first-class health and wellness benefits, including wellness coaching and mental health counseling
•    one-on-one professional coaching
•    Leadership and career development programs
•    access to Beyond:  a one-of-a kind program with experiences that help you expand your life, personally and professionally

NOTICE TO 3RD PARTY RECRUITERS
Notice to Recruiters and Agencies regarding unsolicited resumes or candidate submissions without prior express written approval. Resumes submitted or candidates referred to any employee of Elliott Davis by any external recruiter or recruitment agency by any means (including but not limited to via Internet, e-mail, fax, U.S. mail, and/or verbal communications) without a properly executed written contract for a specified position by an authorized member of the Talent Acquisition team become the property of Elliott Davis. Elliott Davis will not be responsible for, or owe any fees associated with, referrals of those candidates and/or for submission of any information, including resumes, associated with individuals.
 

ADA REQUIREMENTS
The physical and cognitive/mental requirements and the work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Requirements
While performing the duties of this job, the employee is:
•    Regularly required to remain in a stationary position; use hands repetitively to operate standard office equipment; and to talk or hear, both in person and by telephone
•    Required to have specific vision abilities which include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus

Cognitive/Mental Requirements
While performing the duties of this job, the employee is regularly required to:
•    Use written and oral communication skills. 
•    Read and interpret data, information, and documents. 
•    Observe and interpret situations. 
•    Work under deadlines with frequent interruptions; and
•    Interact with internal and external customers and others in the course of work.