Bloomberg

Model Validation Expert  

(Second Line of Defense) 

Position Overview 

The energy of a newsroom, the pace of a trading floor, the buzz of a recent tech breakthrough; we work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We bring out the best in each other through collaboration. Through our countless volunteer projects, we also help network with the communities around us, too. You can do amazing work here. Work you couldn't do anywhere else. It's up to you to make it happen. 

 

About the Role: 

We’re looking for a Model Validation Expert to lead independent validation of Bloomberg’s ESG Scoring and analytics models. Sitting within the Chief Risk Office as second line of defense, you will play a critical role in executing independent model validation and strengthening the firm’s Model and Methodology Risk Management (MRM) program as Bloomberg navigates its obligations under ERR. 

This is a senior technical role with a primary focus on ESG Scoring and ESG analytics models. You will assess the conceptual soundness, methodological integrity, implementation accuracy, and performance monitoring practices of Bloomberg’s ESG scoring and ratings methodologies. The role may also extend to related quantitative, AI/ML, and data-driven models across the firm. 

Operating at the intersection of quantitative analysis, regulatory compliance, and ESG data governance, you will ensure that Bloomberg’s ESG Scoring models are fit for purpose, methodologically defensible, and aligned with both internal risk standards and ERR obligations. Your work will enable leadership to understand model limitations, assumptions, and risks — and to demonstrate to regulators and clients that Bloomberg’s ESG ratings are produced with rigor, transparency, and appropriate independent oversight. 

Key Responsibilities 

Lead independent end-to-end validations of Bloomberg’s ESG Scoring and analytics models 

Assess ESG scoring methodologies for conceptual soundness, data source quality, weighting approaches, aggregation logic, and alignment with stated rating objectives — with specific attention to ERR disclosure and methodology transparency requirements 

Evaluate Bloomberg’s compliance with ERR model-related obligations, including methodology documentation standards, and public disclosure requirements for ESG rating methodologies 

Evaluate backtesting, benchmarking, sensitivity analysis, stress testing, and ongoing performance monitoring frameworks 

Review model documentation to ensure transparency, reproducibility, and appropriate articulation of assumptions and limitations 

Identify model risks arising from data dependencies, parameter instability, model drift, overfitting, bias, or inappropriate use 

Issue clear validation findings, risk ratings, and actionable remediation recommendations 

Monitor remediation plans and re-validation activities to ensure sustainable risk reduction 

Prepare and present validation conclusions to leadership committees and governance forums 

Partner with Engineering, Product, Quants, and Risk Advisors to strengthen model development standards and lifecycle controls while maintaining independence 

Contribute to the evolution of the firm’s model validation standards, methodologies, and best practices 

Stay at the forefront of regulatory developments under ERR, emerging ESG data and analytics standards, and quantitative methods relevant to ESG scoring and model risk management 

Required Qualifications 

PhD in Mathematics, Statistics, Physics, Financial Engineering, Computer Science, Econometrics, or related quantitative field 

10+ years of experience in quantitative modeling, model validation, or model risk management 

Deep expertise in pricing, risk, statistical, and/or AI/ML models 

Excellent programming skills (Python, C++ required; R, MATLAB, or similar a plus) 

Demonstrated ability to independently challenge complex mathematical and machine learning models 

Excellent communication skills with ability to translate technical findings into executive insights 

Authorized to work in the United States 

Preferred Qualifications 

Familiarity with the EU ESG Ratings Regulation (ERR) and its model governance, methodology transparency, disclosure requirements, and broader knowledge of model risk frameworks (e.g., SR 11-7, SR 26-2)  

Experience engaging with regulators on model risk or ESG rating topics, including interactions with ESMA or national competent authorities under ERR  

Relevant professional certifications (e.g., CFA, FRM) 

Prior exposure to ESG data, sustainability frameworks (e.g., GRI, SASB, TCFD, ISSB/IFRS S1-S2), or ESG ratings methodology development or review 

Core Competencies 

Strong intellectual curiosity, commitment to technical excellence, and ability to operate with integrity in a fast-paced environment 

Passion for advancing risk governance while enabling innovation in finance and technology 

Exceptional analytical rigor and independent judgment