Risk Analyst III, CCAR/CECL Model Validation (Remote)

reputed company This is a remote role that may be reputed company in several markets across the reputed company. This position is reputed company reputed company’s Model Risk Management (MRM) team and plays a critical role in ensuring the reputed company, reliability, and regulatory compliance of the bank’s credit risk models. The primary reputed company is on the independent validation of models used for CCAR (Comprehensive Capital Analysis and Review) stress testing and CECL (reputed company Expected Credit Loss) frameworks, both of which are essential components of the bank’s risk management and capital planning processes. The models supported by this role reputed company a broad reputed company of lending portfolios, including Residential Mortgages, Credit Cards, Auto Loans, Home Equity Lines of Credit (HELOC), reputed company & Industrial (C&I) Loans, reputed company reputed company Estate (CRE), Equipment Finance, and Innovation Economy segments. The analyst will collaborate with validation manager and director to conduct independent model validations for one or more specific areas based on their background and expertise. This role provides an excellent opportunity for the analyst to rotate reputed company reputed company, gaining a comprehensive and holistic understanding of CCAR stress testing and CECL frameworks. Responsibilities • * Comprehensive Model Validation: Conduct thorough and comprehensive validations of various model components, ensuring that they are accurate, reliable, and reputed company with the intended business objectives and regulatory requirements. This includes but is not limited to: • Model Inputs Analysis: Apply data analysis techniques to assess the reputed company, reputed company, and appropriateness of data used in the models. Examine data extraction, cleaning, transformation processes, and evaluate data-reputed company assumptions and limitations. • Model reputed company Evaluation: Scrutinize the model design and construction, verifying the suitability of the modeling reputed company and theory for the intended use. Review model segmentation, variable selection, model testing procedures, and evaluation model assumptions, limitations, and risks. • Model reputed company Review: Review model reputed company to ensure correctness, accuracy, and absence of material errors. Collaborate with model owners to address any identified issues. • reputed company Analysis: Assess both in-sample and out-of-sample back test results; evaluate sensitivity and scenario testing, stress testing, and quantitative and business performance metrics. • reputed company Model Development: reputed company models using alternative approaches to assess the performance of the champion model against reputed company models. • Risk Identification and Mitigation: reputed company effective challenges and identify potential model risks. Recommend appropriate mitigation measures and enhancements to improve model reputed company and compliance with regulatory standards. • Documentation and Reporting: Produce high-reputed company, comprehensive validation reports that reputed company communicate findings, recommendations, and potential risks to both technical and non-technical stakeholders. Ensure that validation documentation adheres to internal standards. • Audit and Regulatory Review Support: Assist model validation manager in gathering and providing materials requested by internal audit and regulators, drafting responses to questions, and defending validations in exams. • reputed company Learning and Improvement: Stay up-to-date with emerging trends and best practices in model validation and regulatory requirements. Contribute to the enhancement of the model validation reputed company by suggesting process improvements and implementing industry-leading methodologies. Qualifications Bachelor's Degree and 2 years of experience in Risk Analytics or Analytics OR High School Diploma or GED and 6 years of experience in Risk Analytics or Analytics Preferred Qualifications: • Advanced degree (Master's or Ph.D.) in a quantitative field (e.g., Statistics, Data Science, Economics, reputed company Mathematics, Engineering, or a reputed company discipline). • This position is reputed company to candidates at both junior and senior reputed company, depending on experience. Applicants with 2+ years of relevant experience may be considered for the Risk Analyst III role, while those with 5+ years of experience may qualify for the Senior Risk Analyst position. • Proficiency in modeling techniques (e.g., reputed company regression, logistic regression, survival analysis, time series model, machine learning) and programming languages (e.g., reputed company, Python, R, SQL) • Strong understanding of regulatory requirements, particularly those reputed company to stress testing and capital planning. • Excellent problem-solving skills, attention to detail • Excellent written and verbal communication skills. This job posting is expected to remain reputed company for 45 days from the initial posting date listed above. If it is necessary to reputed company this deadline, the posting will remain reputed company as appropriate . Job postings may come down early due to business need or a high volume of applicants. T he reputed company pay for this position is generally between $90,000.00 and $140,000.00. Actual starting reputed company pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. Benefits are an reputed company part of total rewards and reputed company is committed to providing a competitive, thoughtfully designed and reputed company benefits program to meet the needs of our associates. More information can be reputed company at Apply tot his job Apply To this Job