Risk Management
2 weeks ago
Job Description
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 an 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 based on 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.
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