• Financial Analyst III

    Job Location(s) US-CA-San Francisco
    Posted Date 2 weeks ago(10/10/2018 9:10 AM)
    Job ID
    2018-29959
    Category
    Banking/Finance
    Position Type
    Contract (Full-Time)
    # of Openings
    1
  • Overview

    The Americas Model Risk Management (AMRM) is responsible for the management of enterprise-wide model risks associated with the Bank's development, deployment, and maintenance of quantitative models. 

    Responsibilities

    • Perform independent validations of various models in the enterprise-wide inventory.
    • Manage the resolution of findings with model owners and users, recommend management action plans, and track remediation progress.
    • Validation scope includes assessment of model conceptual soundness, evaluation of data and assumptions, testing model computational accuracy, and performing outcomes analysis (such as back-testing and benchmarking). 
    • Monitor model performance reports on an on-going basis to ensure models remain valid. 
    • Consult with model users on the design of effective model operational controls. 

    Qualifications

    • Typically requires an advanced technical degree in finance, financial engineering, economics, mathematics, statistics, engineering, or related fields (PhD preferred). Industry certifications a plus (e.g., CFA, FRM). 
    • Five or more years of experience within the financial services industry. 
    • Proven track record of strong technical model development, model management, and/or model oversight in one or more of the following areas: retail credit risk management, operational risk, consumer lending, and Current Economic Credit Loss (CECL). 
    • Knowledgeable about model risk management and associated regulatory requirements such as FRB’s SR 11-7/OCC’s 2011-12. 
    • Strong project management capabilities. 
    • Excellent verbal and written communication skills. 

     

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