VetJobs - The Leading Military Job Board

Description

This is a unique and visible opportunity for an individual who pairs quantitative acumen with excellent communication & project management skills to oversee the bank’s co-sourcing model validation program. The primary responsibility of this position is to work directly with co-source partners to deliver on model validation projects across the horizon of the bank’s models. This includes managing the assigned model inventory, gathering materials, reviewing validation scope, managing communication flow, model validation and issue identification, report review & approval and issue management.

Duties and Responsibilities:

• Manage inventory of models assigned to co-source partners

• Communicate with model owners to understand model purpose and all uses

• Apply existing policies & procedures to determine validation scope and develop project plan

• Gather needed collateral from model owners for validation

• Facilitate communication between validation staff and model owners to answer questions and demonstrate effective challenge

• Oversee validation process to ensure it is consistent with internal policies & procedures, regulatory guidance and is progressing according to scope and project plan

• Review and prioritize identified issues

• Provide detailed review of model validation report

• Communicate findings and validation report to model owner

• Ensure model owner responses and action plans are sufficient

• Manage on-going issue management process

• Proactively identify emerging model risk issues impacting the company and communicate to model developers, senior management and the appropriate risk committee.

• Keep abreast of the latest quantitative strategies through research on solving problems related to credit, interest rate, market risk, economic capital or capital market valuation etc., and ability to translate it through coding using R, MATLAB, SAS, EXCEL, etc.

• Perform other duties as assigned.

  Basic Qualifications:

• Master's Degree in mathematics, statistics, physics, or econometrics

• 3 or more years of advanced coursework or project work in quantitative analysis

  Preferred Qualifications:

• Understanding of financial modeling theory and general solutions

• Project coordination/management experience

• Experience in Risk Management or a Business Unit of a financial institution working with high impact models in the following risk areas: credit, interest rate, market risk, economic capital or capital market valuation

• Familiar with related regulatory requirements on model risk management

• Understanding of statistical concepts and data analysis and demonstrated the ability to apply such concepts

• Have performed independent research and development when needed to solve problems and the ability to translate that into code

• Proficiency in statistical software packages (e.g. SAS, 'R', etc.), query tools and software, MS Excel

• Excellent communication skills with the ability to communicate findings clearly and concisely, verbally and in writing

  Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Hybrid

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position