Senior Analyst Quant Model Validator

Job description
Responsible for executing model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for low- and moderate- risk models. May assist in testing and validation of higher risk models and review the conceptual soundness of models and assess limitations and suitability for use. Knowledge in one or more key model areas of Artificial Intelligence/Machine Learnings, Statistical and Stochastic processes, or Insurance and Actuarial Modeling.
Key Responsibilities:
Conducts annual reviews of low-, moderate-risk models.
Responsible for validation scripts, validation report and report reviews of low-, moderate-risk model validations.
Consults with model owners and model developers to promote best practices and resolve questions or deficiencies.
Establishes the scope and testing of low-, moderate-risk model validations, providing guidance as necessary on complex issues
Supports model governance policies and procedures, templates, and risk reporting and provides level 2 technical support to business.
Required Qualifications:
Has a minimum of 5 years of experience with Masters degree or 3 years with PhD, in model risk management in banking or insurance
Familiar with SR 11-7/OCC 2011-12, or related supervisory guidance.
Role: Data Science & Machine Learning - Other
Industry Type: Financial Services
Department: Data Science & Analytics
Employment Type: Full Time, Permanent
Role Category: Data Science & Machine Learning
Education
UG: Any Graduate
PG: Any Postgraduate
Key Skills
operational supportmodel validationArtificial IntelligenceFinancial planningActuarialAsset managementRisk managementTechnical supportMonitoringTesting