Responsibilities

What we are looking for:

• Leverages statistical, financial, economic, and business expertise to conduct and/or oversee independent model validation activities outlined in the bank's Model Risk Management Policy and Federal Reserve SR 11-7 (e.g., evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis)
• Writes high quality model validation reports and/or presentations
• Ensures identified model risk issues are effectively remediated
• Contributes to the development and implementation of model risk management policies and procedures
• Keeps abreast of research and trends in statistical modeling and model risk management
• Mentor junior analysts

Qualifications

• PhD in a quantitative field (e.g., statistics, economics, finance, mathematics, computer/data science) and 3+ years of experience (or a master's in a quantitative field with 6+ years of experience) validating and/or developing models in the financial services industry.
• Excellent quantitative modeling, analytical, research, and programming skills
• Expertise in one of the following: SAS, Stata, SPSS, Matlab, R, Python, SQL, BancWare, QRM, PolyPaths
• Strong communication skills, both verbal and written
• Good project management skills, with the ability to work independently on multiple projects and on tight deadlines