Associate - Model Risk Management

Elliott Davis • Charlotte, NC

21h

About The Position

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.

Requirements

• 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.

Nice To Haves

• 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.

Responsibilities

• 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.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level