

FRB SR 11-7 requires model validators to be independent from those who develop or use the models and to have substantial, up-to-date technical qualifications and experience to assess model design, data quality validation methods, and risk implications. This means a Validator must have a very strong background in statistics, econometrics, mathematics, and finance, plus hands-on experience with Federal model validation standards.
See FRB SR 11-7, OCC 2011-12, and FDIC FIL 22-2017 here:
https://www.federalreserve.gov/supervisionreg/srletters/sr1107.htm
https://www.federalreserve.gov/supervisionreg/srletters/sr1107a1.pdf
https://occ.gov/news-issuances/bulletins/2011/bulletin-2011-12.html
https://www.fdic.gov/news/financial-institution-letters/2017/fil17022.html
MWC hires only those Validators who are able to do the entire scope of work. We pledge to never piecemeal the technical aspects of any validation to personnel who are not involved in writing the final deliverable. We don’t send your model to any overseas workers, we have our own US-based team of fully qualified Validators who code, test, and write reports.
MWC verifies the educational credentials of all Validators and Peer Reviewers, we make diplomas immediately available upon client request, and we have a zero tolerance policy concerning the advertised academic credentials of our professionals.