Senior Model Validation and Assurance Analyst
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Job Location:
Topeka, KS - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Job Description
This position supports the FHLBanks model risk management program by performing and completing the following primary activities including but not limited to: (1) independently leading or driving end-to-end validations of complex quantitative financial models across market risk and asset-liability management (ALM) domains; (2) managing and overseeing model validations performed by third-party consultants; (3) designing and evaluating framework and/or methods for monitoring the performance of quantitative financial models and thresholds established to identify when models perform outside of expectations; (4) evaluating the significance of proposed model changes (both quantitatively and qualitatively); (5) reviewing the underlying theory calculations formulas logic structure and/or source of input data of complex end user applications (EUA) such as Microsoft Excel spreadsheets Python code and other scripting languages to ensure EUAs are properly designed and operate as intended; and (6) communicating model validation findings to model stake holders including model owners users and Model Risk Management Committee (MRMC).
Qualifications
Three to five years of similar or related experience in financial modeling risk analytics and/or model validation. Preferred hands-on experience with ALM systems (e.g. PolyPaths QRM Principia etc.) and balance sheet modeling. Proficiency in Python R SQL and experience with machine learning libraries and statistical packages.
Advanced degree (Masters or Ph.D.) in finance mathematics computer science economics or other related discipline. Completed course work in quantitative risk management computational finance time-series modeling statistics econometrics logistic regression and/or machine learning preferred. Ph.D. Degree is preferred.
Intermediate to advanced knowledge of financial models and their constructs (such as the mathematical theory business assumptions and implementation techniques etc.) used for modeling of interest rates swaps mortgage loans and/or deriving credit ratings or collateral haircuts.
Knowledge of quantitative risk management for financial industry (e.g. market risk and credit risk). Understanding and/or exposure to duration convexity Value-at-Risk (VaR) for risk measurement would be beneficial.
Ability to understand and/or analyze information from databases and complex spreadsheets including embedded formulas/calculations/automation.
Knowledge or experience of a programming language such as VBA SQL MATLAB Python R etc.
Demonstrated written and oral communication skills.
Ability to work with a variety of business partners and external parties to achieve departmental and corporate goals.
Inquiring mindset with the ability to think logically.
Experience using MS Office including Word Access Excel etc.
Experience with generative Artificial Intelligence.
Must be able to work independently.
Why work here
FHLBank Topeka strives to be an employer of choice by offering industry leading benefits such as generous vacation and volunteer hours. Below are a few more of our benefits.
Bankwide incentive compensation program
401K retirement plan with competitive company match
Multiple health insurance offerings including free telemedicine benefits
Paid Time Off: Vacation sick personal volunteer and bereavement leave
Short-term and long-term disability coverage
Voluntary life insurance
Incentive-based wellness program
Paid maternity and parent bonding leave
Tuition reimbursement and student loan assistance
Onsite fitness center with shower facilities and onsite yoga classes
Summer hours
Onsite café
How we work
At FHLBank Topeka employees are business partners. We believe we are successful when we partner with one another and understand that our differences only make us stronger.
Flexible Remote Workday Business partners may work remote one day per week.
Access to Leadership The executives of FHLBank Topeka welcome communication with business partners. Stop by and say Hi. Send an email and expect a response. Or schedule a meeting to share your perspective.
Peer-to-Peer Recognition Our recognition programs celebrate business partners practicing FHLBank Topeka values and those working above and beyond.
ProfessionalWins FHLBank Topeka offers business partners kudos for continuing education through tuition reimbursement and certification rewards.
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FHLBank Topeka EEO Policy
FHLBank Topeka is an equal employment opportunity employer. We recruit employ train compensate and promote without regard to race color creed religion sex age sexual orientation national origin ancestry pregnancy parental status citizenship status disability genetic information military status gender identity and expression or marital status.
Accommodation Request
Should you need an accommodation during the application or interview process please contact us at
Required Experience:
Senior IC
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
We are one of 11 regional banks which are privately capitalized and owned as cooperatives by their members.
