Summary:
The Model Validation Analyst is responsible for the validation and ongoing monitoring of various financial models used across the organization. This role involves assessing model performance, ensuring compliance with regulatory standards and mitigating model risk through rigorous testing and analysis.
The role is based onsite in our corporate offices in Plano, TX.
Essential Duties & Responsibilities (included but are not limited to):
- Conduct independent validation of models, including but not limited to credit risk, market risk, operational risk and stress testing models
- Develop and implement validation methodologies, including quantitative techniques and statistical tests to assess model performance and robustness
- Review model documentation to ensure it meets internal standards and regulatory requirements
- Perform back-testing, sensitivity analysis and benchmarking of models to evaluate their accuracy and reliability
- Identify and communicate model limitations, assumptions and potential risks to stakeholders
- Collaborate with model developers, owners, users and other key stakeholders to address validation findings and recommend improvements
- Prepare comprehensive validation reports documenting the validation process, findings and recommendations
- Support the ongoing monitoring of model performance and conduct periodic reviews to ensure models remain fit for purpose
- Participate in regulatory and internal audits related to model risk management
Qualifications (Education, Computer Skills, Certifications, Etc.):
- Bachelor’s degree in a quantitative field such as Mathematics, Statistics, Finance, Economics, or related discipline; advanced degree preferred
- Minimum of 2 years of experience in model validation, quantitative analysis, or related field within the financial services industry
- Strong knowledge of statistical and mathematical modeling techniques
- Familiarity with regulatory requirements and guidelines related to model risk management (e.g., SR 11-7, FIL-22-2017)
- Excellent analytical, problem-solving, and critical thinking skills
- Strong written and verbal communication skills, with the ability to clearly articulate complex concepts and findings to non-technical stakeholders
- Detail-oriented with the ability to manage multiple tasks and projects simultaneously
- Experience with risk management frameworks and practices
- Advanced knowledge of Microsoft Excel and Microsoft Office applications
Benefits options include:
- Medical, dental and vision coverage
- 401K with company match
- 10 paid holidays
- Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
- Applicant may be eligible for annual discretionary bonus
No relocation assistance provided.If you are looking to be a part of a winning team and meet the above requirements, we look forward to hearing from you. Beal Bank, Beal Bank USA, and their affiliates are Equal Opportunity Employers. Beal Bank, Beal Bank USA, and their affiliates do not discriminate against any candidate or employee on the basis of race, national origin, color, genetics, sex, marital status, sexual orientation, gender identity, age, disability, pregnancy, religion or religious affiliation, veteran or service member status, or any other characteristic protected by federal, state or local laws.All applicants have rights under federal employment laws.
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