A top regional bank looking for a candidate to identify, assess, mitigate, and monitor model risk within their Model Risk Management group. Candidates should have 3-6+ years of experience validating and/or developing CECL and stress testing (PD/LGD/EAD, PPNR, deposit models, and economic scenarios), and/or ALM models along with an advanced degree in a quantitative field.
Responsibilities:
- Conduct independent model validation activities outlined in the bank's Model Risk Management Policy and Federal Reserve SR 11-7 (e.g., evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis)
- Writes high quality model validation reports and/or presentations
- Ensures identified model risk issues are effectively remediated
- Contributes to the development and implementation of model risk management policies and procedures
- Keeps abreast of research and trends in statistical modeling and model risk management
Qualifications
- 3-6+ years of experience validating and/or developing CECL and stress testing and/or ALM models in the financial services industry
- Advanced degree in a quantitative field (PhD preferred)
- Excellent quantitative modeling, analytical, research, and programming skills with expertise in one of the following: SAS, R, Python, Stata, SPSS, Matlab, SQL
- Strong communication skills, both verbal and written
- Good project management skills, with the ability to work independently on multiple projects and on tight deadlines
