Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Validation analyst hiring summary. Here are some key points about hiring validation analysts in the United States:
Here's a step-by-step validation analyst hiring guide:
Validation Analysts are responsible for the accurate review and assessments of systems and processes within an organization. For example, a model valuation analyst has the task of assessing quantitative rules and statistical models that will help banks manage credit risks and other financial risks. Their duties include evaluation of risk models, developing validation plans, conduct statistical testing, and inspecting data. They also liaise with internal stakeholders to resolve model issues, maintain findings documentation as well as prepare report for senior management.
Before you post your validation analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a validation analyst for hire on a part-time basis or as a contractor.
Hiring the perfect validation analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of validation analysts and their corresponding salaries.
| Type of Validation Analyst | Description | Hourly rate |
|---|---|---|
| Validation Analyst | $31-51 | |
| System Validation Engineer | The pioneering person to manage, inspect, calibrate, test, and modify an operating system is referred to as a System Validation Engineer. Such a person does ensure all systems are running smoothly. | $33-58 |
| Analyst | Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more | $25-47 |
Including a salary range in your validation analyst job description helps attract top candidates to the position. A validation analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a validation analyst in Hawaii may be lower than in Utah, and an entry-level validation analyst usually earns less than a senior-level validation analyst. Additionally, a validation analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $103,581 | $50 |
| 2 | Maryland | $86,168 | $41 |
| 3 | New Jersey | $84,759 | $41 |
| 4 | New York | $83,306 | $40 |
| 5 | Massachusetts | $81,289 | $39 |
| 6 | Florida | $80,440 | $39 |
| 7 | North Carolina | $79,486 | $38 |
| 8 | Minnesota | $78,962 | $38 |
| 9 | Alabama | $78,916 | $38 |
| 10 | Pennsylvania | $76,801 | $37 |
| 11 | Georgia | $75,754 | $36 |
| 12 | Illinois | $74,847 | $36 |
| 13 | Michigan | $73,830 | $36 |
| 14 | Indiana | $71,159 | $34 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Bank of the West | $104,440 | $50.21 | |
| 2 | Bloomberg | $104,245 | $50.12 | 5 |
| 3 | Alexion Pharmaceuticals | $100,039 | $48.10 | |
| 4 | Frost Bank | $99,403 | $47.79 | |
| 5 | Barclays | $98,221 | $47.22 | |
| 6 | NYISO | $97,285 | $46.77 | |
| 7 | AIG | $93,938 | $45.16 | |
| 8 | City National Bank | $93,834 | $45.11 | |
| 9 | Fusion LLC | $93,360 | $44.88 | |
| 10 | Sumitomo Mitsui Financial Group | $92,786 | $44.61 | |
| 11 | Citi | $92,150 | $44.30 | 1 |
| 12 | JPMorgan Chase & Co. | $91,283 | $43.89 | 40 |
| 13 | East West Bank | $90,765 | $43.64 | 6 |
| 14 | RiskSpan | $90,562 | $43.54 | |
| 15 | New York Community Bank | $89,328 | $42.95 | |
| 16 | Cyma Systems | $88,923 | $42.75 | |
| 17 | Grandbridge Real Estate Capital | $88,675 | $42.63 | 12 |
| 18 | U.S. Bank | $88,585 | $42.59 | 15 |
| 19 | Compass Group USA | $88,405 | $42.50 | 2 |
| 20 | HCL Global Systems | $88,263 | $42.43 |
A job description for a validation analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a validation analyst job description:
To find validation analysts for your business, try out a few different recruiting strategies:
To successfully recruit validation analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
While interviews are great, you will only sometimes learn enough from a conversation with a validation analyst applicant. In those cases, having candidates complete a test project can go a long way in figuring out who's the most likely to succeed in the role. If you aren't a technical person and don't know how to design an appropriate test, you can ask someone else on the team to create it or take a look at these websites to get a few ideas:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect validation analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new validation analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire validation analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire validation analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Validation analysts earn a median yearly salary is $84,626 a year in the US. However, if you're looking to find validation analysts for hire on a contract or per-project basis, hourly rates typically range between $31 and $51.