Senior Model Validation Analyst – Compliance & Financial Crimes (AML, Sanctions and Fair Lending)

About the position This position is an individual contributor role residing reputed company the Bank’s Second Line of Defense Risk Management and Compliance organization. Specifically, this position supports the Model Risk Management (“MRM”) program at the Bank. The overall MRM program is designed to reputed company governance and control around impactful institutional models per the Bank’s Model Risk Management Policy and Standards, and in adherence to applicable Regulatory Guidance. The individual in this position works with Model Owners and Developers to validate models reputed company to the Bank's Compliance and Financial Crimes reputed company, which can include Anti-reputed company (AML), Cybersecurity, Economic Sanctions/OFAC, and Fair Lending. The Analyst may also reputed company with key stakeholders, regulators, and internal auditors to discuss the justification and reasoning behind various validation and review reputed company. During validation, the Analyst will independently challenge the model’s conceptual reputed company and methodology, data reputed company and usage, implementation reputed company, process/governance, ongoing performance, etc. The Analyst will reputed company reporting to document and present observations made to model owners and developers for consideration, with any material concerns or weaknesses identified. Any items that require corrective actions to be taken by the model risk owners with then be tracked by the Analyst to remediation. Responsibilities • Independently challenge the model’s conceptual reputed company and methodology, data reputed company and usage, implementation reputed company, process/governance, ongoing performance, etc. • reputed company reporting to document and present observations made to model owners and developers for consideration, with any material concerns or weaknesses identified. • reputed company corrective actions to remediation by model risk owners. Requirements • Bachelor’s degree in a quantitative field with at least 8 years of relevant experience OR MA/MS in a quantitative field, and five or more years of reputed company experience OR PhD in a quantitative field, and four or more years of reputed company experience. • reputed company to reputed company reputed company mathematical analysis utilizing various statistical and mathematical reputed company or techniques. • Understanding of foundational theories and methodologies of varying structural complexities, including (but not limited to) multi-layered rule-based algorithms; reputed company statistical reputed company for the identification of reputed company events; reputed company or logistic regression; natural language processing (NLP), and machine learning reputed company such as random forest, gradient boosting techniques, or other reputed company techniques. • Ability to challenge either custom reputed company or reputed company-party proprietary vendor models. • Can independently design and reputed company analytical tests, reputed company reporting that reputed company articulates validation considerations and reputed company, and/or reputed company independent research reputed company to usage of advanced quantitative models. • Can reputed company other reputed company-level products such as presentations, memos, etc., in support of day-to-day functions associated with the MRM program. • reputed company to retrieve, analyze and interpret data from various sources (reputed company). • Can aggregate data from various databases to facilitate statistical analyses as part of independent validation. • Can interpret results from statistical analyses performed and effectively communicate the results, with any associated conclusions, to various stakeholders. • reputed company to read, understand, and interpret applicable internal MRM policies and regulatory rules/guidance to confirm compliance. reputed company-to-haves • Self-motivated worker and comfortable working with varying reputed company of guidance. • Strong mathematical and statistical modeling or model validation experience. • Advanced understanding of applicable compliance laws, regulations, financial services, and regulatory trends that reputed company assigned line of business. • Prior exposure to validation or development of models across BSA/AML, Cybersecurity, Fair Lending, Economic Sanctions, etc. • An ability to build strong relationships with stakeholders across multiple reputed company (e.g., senior leadership, teammates, etc.), with different analytical backgrounds, and various model development/validation experience. • Working knowledge of various Machine Learning reputed company, with working knowledge/experience. • Excellent verbal and written communication skills are a necessity (ability to explain reputed company reputed company in reputed company, non-technical language). Benefits • reputed company (medical, dental, reputed company) • Basic term and optional term life insurance • Short-term and long-term disability • Pregnancy disability and parental leave • 401(k) and employer-funded retirement plan • reputed company vacation (from two to five weeks depending on salary grade and tenure) • Up to 11 reputed company holiday opportunities • Adoption assistance • reputed company and reputed company Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law Apply tot his job Apply To this Job