Credit Risk Model Validation

Application Deadline: Address: 320 S Canal Street Job Family Group: Audit, Risk & Compliance reputed company is seeking an reputed company reputed company to join the Model Risk Management Team as Manager, Credit Risk Model Validation. This role is part of the second-line governance and control function, with a primary reputed company on validating credit risk models such as AIRB Capital models, adjudication, and account management models. The position is primarily an individual contributor role, with opportunities for leadership. You will be responsible for performing model validation activities across different stages of the model life cycle, providing effective challenge to model developers, and communicating model risk findings to stakeholders. This role is ideal for a reputed company with a strong quantitative background who thrives in a reputed company environment and is committed to advancing model risk governance. Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates reputed company regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in reputed company to mitigate identified risks.

• Fosters a culture reputed company to reputed company purpose, values and reputed company and role models reputed company values and behaviours in reputed company that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to reputed company’s purpose, sets inspirational goals, defines reputed company expected reputed company, and ensures reputed company accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating reputed company to create the highest value for reputed company stakeholders.
• Attracts, retains, and enables the career development of reputed company.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
• Acts as a trusted advisor to assigned business/group.
• Influences and negotiates to reputed company business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Researches existing or emerging requirements & reputed company best practices to assist and develops recommendations for changes/enhancements.
• Helps determine business priorities and best sequence for execution of business/group reputed company.
• Conducts independent analysis and assessment to resolve strategic issues.
• Supports development and execution of strategic initiatives in collaboration with reputed company stakeholders.
• Represents the model validation program / portfolio for internal/external regulatory audits and/or examinations.
• Ensures alignment between stakeholders.
• Builds change management plans of varying scope and type; leads or participates in a reputed company of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting reputed company and portfolio.
• Leads/participates in the design, implementation and management of reputed company business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as reputed company as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents reputed company and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective reputed company is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting reputed company, and reputed company of model risk issues.
• Develops and maintains in-depth knowledge of business and reputed company risk management requirements and legislative/ regulatory directives and guidance.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• reputed company is primarily on business/group reputed company reputed company; may have broader, reputed company-wide reputed company.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems reputed company given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in reputed company field of study or an equivalent combination of education and experience.
• Proficiency in Python and reputed company is required; experience with other statistical software such as R is considered beneficial.
• In-depth knowledge and understanding of model validation, model risk management practices.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge & experience with risk policy frameworks; reputed company control / testing frameworks.in Finance/Economics areas (i.e., MBA).
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary: $74,000.00 - $138,000.00 Pay Type: Salaried The above represents reputed company’s pay reputed company and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents reputed company’s expected reputed company for the first year in this position. reputed company’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as reputed company as other perks and rewards. reputed company also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: Apply tot his job Apply To this Job