Model Validator Job at Sept 2017 Branding, New York, NY

  • Sept 2017 Branding
  • New York, NY

Job Description

Essential Function / major duties and responsibilities of the job Strategic The Model Validator is responsible for validating CLS models, maintaining model validation standards and procedure documents, engaging with CLS MRM stakeholders on model risk matters, and MRM reporting. Operational Conduct model validation activities based on internal MRM policy and procedures. Conduct and perform quality assurance for model risk reporting. Communicate effectively with CLS businesses on model risk matters. Collaborate with the Model Governance to ensure model governance and standards are appropriate for the firm’s risk profile and ensure enterprise-wide adherence. Leadership Execute model validation. Enhance capabilities to operate MRM developed challenger/benchmark models. Experience / essential and desired for successful job performance 0-3 years’ experience in the model risk management at a regulated financial institution. Understanding of settlement and clearing, and the differences is a plus. Knowledge of US Banking Regulations (Federal Reserve Board) is a plus. Experience in working with statistical models. Qualifications / Certifications Bachelor’s degree is required; MS/MA or MBA is desired. Experience with numerical and statistical tools: e.g. SAS, MATLAB, S-Plus, R, Python, C++. Knowledge, skills and abilities / competencies required for successful job performance Attention to detail to ensure consistent, correct, and accurate execution of model validation and reporting. Knowledge of regulatory guidance on model risk management and industry best practice. Knowledge of capital market products, esp. FX. Strong verbal and written communication skills. Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position Excellent interpersonal communication skills, both written and verbal. High ethical standards and a profound sense of integrity and confidentiality. Challenging assumptions and maintaining independence and objectivity. Build consensus, to influence both internal and external stakeholders. Results oriented team player. Ability to effectively take and drive initiative. Self-starter, energetic; strive for excellence. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor. #J-18808-Ljbffr

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