Model Validation Analyst
Company: First Citizens Bank & Trust Company
Posted on: October 20, 2019
The Model Validation Analyst will be responsible for validation
activities, including assessing the model's overall suitability to
its intended purpose, evaluating the model's mathematical theory
and constructs, testing its assumptions, data and calculations,
making recommendations for improvement, thoroughly documenting all
work and producing a formal report on the results.
Basic Qualifications:Post graduate degree in quantitative
discipline.-Or-Bachelor degree with a minimum of 2 years risk
management, financial analysis or statistical modeling
experience.Additional Requirements: Perform independent model
reviews. This involves assessing changes to the model, confirming
significant changes have been validated, evaluating changes in
external environment and its impact on the model, reviewing ongoing
monitoring results, making recommendations for improvements,
prioritizing future validation activities, thoroughly documenting
all work and producing a formal report on the results. --Promote
model risk management awareness. This may include presentations at
staff meetings throughout the corporation or producing educational
material. Drive discussions and capture next steps with model
owners and developers for aggregation of risk articulation on model
findings, remediation, action plans, and dates. Serve as an
independent advisor on model development projects to ensure model
risk policies and procedures are adhered to. Assist with other
model risk management activities; model inventory maintenance;
dashboard reporting; external validator oversight; findings
tracking; policy and standard maintenance.
Founded in 1898 and headquartered in Raleigh, N.C., First Citizens
Bank serves customers in 18 states and the District of Columbia.
For over 100 years, customers have trusted First Citizens with
their money --- and their futures. Today, First Citizens is the
largest family-controlled bank in the nation and the sixth-largest
bank franchise headquartered in the Southeast with more than $30
billion in assets. We employ more than 6,000 associates who are
focused on helping our customers achieve a lifetime of success.
First Citizens operates more than 570 branches in Arizona,
California, Colorado, District of Columbia, Florida, Georgia,
Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma,
Oregon, South Carolina, Tennessee, Texas, Virginia, Washington and
West Virginia.First Citizens Bank. Forever First--. Member
FDIC.Equal Opportunity/Affirmative Action
Employer/Minority/Female/Disability/VeteranIf you need special
assistance or an accommodation in applying for employment at First
Citizens Bank, please contact our Human Resources department.
Keywords: First Citizens Bank & Trust Company, Durham , Model Validation Analyst, Professions , Raleigh, North Carolina
Didn't find what you're looking for? Search again!