What are the responsibilities and job description for the Model Validation Analyst position at United Community Bank?
Overview
United Community is seeking a Model Validation Analyst to conduct independent validations of various models in compliance with SR 11-7. This role supports the annual risk assessment process, maintains the model inventory, assists in planning validation schedules, and prepares model risk-related reporting. The analyst will collaborate with model stakeholders and provide effective challenge throughout the model lifecycle.
What You’ll Do
- Perform Independent Validations: Validate models across credit risk, valuation, ALM, fraud, BSA/AML, operations, and marketing.
- Collaborate with Stakeholders: Engage with model owners and developers to assess risk and provide effective challenge.
- Support Risk Assessment: Assist in annual risk assessments and validation scheduling.
- Maintain Model Inventory: Update inventory and track validation findings.
- Prepare Reports: Document validation results and communicate findings to management and governance committees.
- Monitor Performance: Conduct model evaluations and performance reviews.
- Ensure Compliance: Apply regulatory guidance (SR 11-7, OCC Bulletin 2011-12) during validations.
- Research & Improve: Stay current on modeling best practices and validation techniques.
Requirements For Success
Required Skills/Experience/Education:
- Bachelor’s degree in Statistics, Econometrics, Economics, Mathematics, or related quantitative field (Advanced degree preferred).
- Minimum 5 years of relevant experience in model risk management, financial modeling, or quantitative analysis.
- Strong quantitative and analytical skills with a critical mindset.
- Proficiency in Python (advanced), R, MATLAB, or SQL.
- Knowledge of risk modeling practices and regulatory requirements (SR 11-7, OCC Bulletin 2011-12).
- Excellent verbal and written communication skills.
Preferred Skills/Experience/Education:
- Advanced degree or certifications in quantitative disciplines.
- Experience with machine learning and advanced statistical modeling.
Supervisory Responsibility
May supervise certain validation activities and mentor junior analysts. May manage validation-related projects.
Working Environment & Physical Demands
- Professional office environment; standard office equipment usage.
- Sedentary work with occasional standing, stooping, and typing.
- Schedule flexibility for evenings/weekends as needed.
- Up to 20% travel required.
Conditions of Employment
- Must be able to pass a criminal background & credit check
- This is a full-time, non-remote position
FLSA Status:
- Exempt
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state, or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Pay Range
USD $60,466.00 - USD $93,119.00 /Yr.Salary : $60,466 - $93,119