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Model Validation- Enterprise Risk Analyst II, AVP
PayCompetitive
LocationLynn/Massachusetts
Employment typeFull-Time
This job is now closed
Job Description
- Req#: 300000290860961
Employer Industry: Financial Services
Why consider this job opportunity:
- Comprehensive benefits program including medical, dental, vision, life, and disability insurance
- Opportunity for career advancement and individual growth within the organization
- Competitive compensation plans with potential for bonuses
- Supportive and inclusive work environment
- Chance to work on critical risk management initiatives that impact the organization and its stakeholders
- Commitment to diversity, equity, and inclusion in the workplace
What to Expect (Job Responsibilities):
- Organize and perform validations on various types of models used by the employer, including stress testing and sensitivity analysis
- Manage the external model validation process, coordinating between vendors and model owners
- Drive improvements in processes and controls within the Model Risk Management program
- Maintain model inventory and manage model risk scoring, assessments, and validation findings
- Engage with stakeholders to facilitate discussions and communicate quantitative methods and results
What is Required (Qualifications):
- Bachelor's degree in Finance, Economics, Mathematics, Statistics, Quantitative Analysis, or a related technical discipline; advanced degree preferred
- 3-10 years of related experience in risk analysis, financial analysis, model validation, or model development within a financial institution or consulting firm
- Proficiency in Microsoft Office and SQL or related database tools
- Strong statistical analysis skills and experience with statistical modeling software (SAS, R, Matlab)
- Excellent oral and written communication skills with the ability to convey complex topics to non-technical employees
How to Stand Out (Preferred Qualifications):
- Experience in a developing function of Model Risk Management
- Familiarity with regulatory requirements related to model risk and validation
- Proven track record of problem-solving in a collaborative environment
- Ability to adapt processes to changing regulations and internal feedback
- Experience communicating with senior management and regulators
#FinancialServices #ModelRiskManagement #CareerGrowth #DiversityAndInclusion #RiskAnalysis
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