Model Validation Analyst Senior
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
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Job Summary
The Model Validation team is responsible for Model Risk Management for Bread Financial Models and Bank Models for the entire organization. Members of this team work with teams across the business (marketing pricing finance etc.) that build the models to understand and validate the methodology. The Model Validation Analyst Senior is a key member of the Model Risk Management (MRM) team. Key responsibilities include executing against the overall model risk management framework and assisting in independent validation of models used by the business.Essential Job Functions
Process and Project Management: Conducts model validations independently with minimal supervision. Acts as a mentor and coaches team members if needed. Maintains a basic functional knowledge of model risk concepts and works with the business units to communicate key guiding principles. Performs end-to-end validations/testing of basic or less complex models/tools. Internal and client facing with oversight guidance and review from management.
Validation/testing: involves identifying the key risks associated with a model planning a risk-based validation approach and scope. Designs and conducts validation tests recognizing gaps in model risk management and governance and drafting a model validation report.
Quality Assurance: Checks the models accuracy and demonstrates the model is robust and stable. Assesses potential limitations and evaluates the models behavior over a range of input values. Assesses the impact of assumptions and identifying situations where the model performs poorly or becomes unreliable. Evaluates formal results of analysis performed and draft formal model validation documentation and proposed risk rating assessment.
Business Communications and Relationships: Demonstrates professional and proficient verbal and written communication skills when working with internal and external partners. Builds relationships by establishing trust confidence and credibility with senior leaders executives and internal partners. Is proactive demonstrates a strong work ethic and shows initiative to build the business in a result driven environment. Utilizes critical thinking skills to help analyze business issues collaborates with stakeholders to resolve problems is strategic and flexible when needed and gains consensus on the best solution.
Reports to: Lead or above
Working Conditions/ Physical Requirements: Normal office environment some travel may be required.
Direct Reports: None
Minimum Qualifications:
Bachelors degree in Engineering Statistics Mathematics Economics or any other related quantitative discipline
Five or more years experience in data analytics or model development/validation is required
Preferred Qualifications:
Masters degree in Engineering Statistics Mathematics Economics or any other related quantitative discipline.
Six or more years experience in the financial services industry as well as experience in risk management
Other Duties
This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time the Company reserves the right to add and/or delete essential functions from this job at any time.
About Bread Financial
At Bread Financial youll have the opportunity to grow your career give back to your community and be part of our award-winning culture. Weve been consistently recognized as a best place to work nationally and in many markets and were proud to promote an environment where you feel appreciated accepted valued and fulfilledboth personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression.
To learn more about Bread Financial our global associates and our sustainability commitments visit or follow us on Instagram and LinkedIn.
All job offers are contingent upon successful completion of credit and background checks.
Bread Financial is an Equal Opportunity Employer.
Job Family:
Enterprise RiskJob Type:
RegularRequired Experience:
IC
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
At Bread Financial, we provide simple payment, lending and saving solutions. Explore our options for personal and business needs – from credit cards to pay-over-time.
