Manager of Model Validation
4 weeks ago
Position Title:Manager of Model Validation
Business Unit:Risk Management
Reports to: Director of Enterprise Risk Management
Position Overview:
This position is primarily responsible for leading all aspects of a model risk management framework for the enterprise including execution and oversight of model validation activities. The incumbent is responsible for leading and/or performing validations of quantitative models in compliance with OCC 2011-12 and FNB's Model Validation Policy to ensure models across FNB are conceptually sound relative to their intended use and performing appropriately.
Primary Responsibilities:
Understands the conceptual framework and assumptions of statistical and business models used throughout the organization. Understands how models are used in the business decision making processes and the material impact to our financial statement and risk measurement.
Leads the execution of model validation and ongoing monitoring activities.
Conducts robust and comprehensive model validation testing and analysis according to the corporation's Model Validation Policy and Guidelines. Independently reproduces statistical analyses to validate model outputs.
Identifies risk, provides recommendations to mitigate those risks and formally documents conclusions in model validation reports provided to senior management.
Ongoing management and maintenance of model inventory, model controls and model issues.
Leads and/or provides administrative support for the Model Risk Management Committee.
Interfaces with senior leaders, quantitative analysts and regulators to explain and defend model validation results.
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum Level of Education Required to Perform the Primary Responsibilities of this Position:
BA or BS
Minimum # of Years of Job Related Experience Required to Perform the Primary Responsibilities of this Position:
10
Skills Required to Perform the Primary Responsibilities of this Position:
Excellent communication skills, both written and verbal
Excellent management skills
Excellent project management skills
Detail-oriented
MS Word - Intermediate Level
MS Excel - Intermediate Level
MS PowerPoint - Basic Level
Excellent organizational, analytical and interpersonal skills
Masters Degree or PhD preferred
Education in mathematics, statistical modeling, finance, economics or related
Working experience leading model validation activities and/or department
Experience with validation and reporting
Licensures/Certifications Required to Perform the Primary Responsibilities of this Position:
N/A
Physical Requirements or Work Conditions Beyond Traditional Office Work:
N/A
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