Exciting career-building opportunity at a rapidly growing company. Hybrid Role - Primarily Remote!

To apply to this role, please send your resume to John Sadofsky at john.sadofsky@roberthalf.c0m

Job Description

Conduct various activities related to enterprise model risk validation and model governance. Individual is accountable for independently validating the technical and functional soundness for bank-wide models including CECL, Stress Testing, Anti-Money Laundering, Economic Sanctions, Customer Risk Ratings, Fair Lending as well as valuation models. Validate and review all models in the inventory in line with MRM policy and procedure, regulatory guidance and industry best practices.

Provide effective and meaningful challenge during the following processes of model validation:

• Review of conceptual soundness;
• Review adequateness of modeling data;
• Materiality analysis of model assumptions and limitations;
• Review of model theoretical framework and design;
• Review of model performance

Review of Model Documentation to ensure compliance with regulation/policy. Model documentation review should consist amongst others the following:

• Assess quality of model documentation;
• Review documentation of developmental evidence;
• Review documentation of model governance;
• Review testing results in the model methodology document

Design and execute a comprehensive and granular program for the following:

• Data Validation;
• Model theoretical framework and design
• Assumptions and Limitations testing ;
• Model Conceptual soundness;
• Back-testing;
• Model Effectiveness Testing, Sensitivity Analysis; and
• Benchmarking for material portfolios