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A banking client in Los Angeles is looking for 2 Model Validation professionals to join its Model Risk Management team. In this role, this individual will be expected to lead the effort to perform independent validations on statistical and financial models across different business-area models.
Complete procedures of material model components including:
Assess and test the conceptual soundness
Evaluate model assumptions and data integrity for accuracy and reasonability
Test model numerical, statistical, and/or computational accuracy
Perform outcomes analysis including but not limited to back-testing, scenario testing, and sensitivity testing
Review model governance and control process; and assess the suitability and implementation of vendor models
Build benchmark or challenge models when necessary, using the best-practice approach in the appropriate areas
Write and present in-depth model validation reports and provide value-added recommendations to model owners and developers
Assess and test model performance and maintenance, i.e. correct implementation, limiting behaving, and response to stress/extreme input condition-stress testing
Interprets model validation test results and establish and assess the required action plans with model owners and developers
Gain in-depth understanding of the available data sources and help build an effective data governance framework
2-5 years' worth of experience with model validation or development
Prior experience developing/validating of the following (2 or more preferred):
Quantitative Risk Management (QRM)
Anti-Money Laundering Models
Enterprise Stress Testing models
Experience in designing tests, model outcomes analysis, scenario analysis, sensitivity analysis, and back-testing
Knowledge of model risk management and associated regulatory requirements such as SR11-7/OCC2011-12 and ideally proficient in SAS, R, Python, VBA, SQL programming
MUST BE A GREENCARD HOLDER/ US CITIZEN
If this opportunity interest you, please get in touch to explore further!
Internal Number: 10888203
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