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For Those Who Work At Home - Various, Ohio 44145The Senior Model Risk Validation Director is responsible for supporting the execution of best-practice model validation activities to ensure models across Key are conceptually sound relative to their intended use and performing appropriately.
The Sr. Model Risk Validation Director reports to the Chief Model Risk Officer which reports to the Chief Risk Officer within Risk Management.
Principal Accountabilities:
* Lead validation staff focused on understanding and challenging the conceptual framework and assumptions of models, perform independent testing, identify model limitations, and identify model problems that need to be remediated.* Conduct robust and comprehensive model validation testing in line with internal standards and regulatory expectations. Includes examining written model documentation, holding discussions with model developers, partnering with LOB users and other areas of Risk Management, and collecting data, assumptions, and code that are used in the models.
* Supervise the creation of detailed reports stating conclusions of the model validation and present findings and recommendations to senior leaders.Work with model owners to see that model deficits are remediated in a timely manner.
* Contribute to the improvement of validation processes by identifying opportunities for process standardization and developing a framework for automation
* Participate in various bank risk committees where models and their use, assumptions, and output are discussed.
* Contribute to expanding the level of influence of Model Risk by partnering effectively across silos
Minimum Requirements:
Location: Role can be Remote.
COMPENSATION AND BENEFITS
tbd
Please click for a list of benefits for which this position is eligible.
Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.
Job Posting Expiration Date: 05/17/2024KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing .
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KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.Full Time
Banking
$160k-211k (estimate)
05/02/2024
05/04/2024
key.com
TOLEDO, OH
15,000 - 50,000
1849
Public
RICK GRAY
$5B - $10B
Banking
KeyBank is a provider of personal and commercial banking products and services for businesses and individuals.