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VP - Model Validation Officer

Long Island City, NY, USA | Citi Private Bank

  • Industry:
    Financial Services
  • Position Type:
    Full-Time
  • Functions:
    Risk Management
  • Experience:
    5-7 years
Job Description:
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- Conduct model validation and ongoing monitoring activities for new and existing models

- Supervise and train junior validators on model validation processes and enhance on their work

- Provide effective challenge to the model design and construction and conduct independent analysis and testing as necessary

- Identify model limitations and ensure the appropriate remediation actions are in place and monitored

- Challenge and continually improve MRM guidance on modelling approaches and model performance testing

- Contribute to strategic, cross-functional initiatives within the MRM organization

Qualifications

Qualifications:

• At least 5 years of experience in consumer predictive modelling, preferably some experience in Model Risk Management with model validation responsibilities

• Minimum of a Bachelor’s degree preferably a PhD, in a quantitative field (e.g. Statistics, Economics, Mathematics, Physics, Engineering, etc.)

• Sound knowledge of Statistics/ Econometrics and Data Mining Methods

• Solid writing skills

• Strong communication skills as the work involves frequent interaction with model developers, risk managers and other stakeholders

• Ability to challenge models and identify model risk, especially on conceptual soundness, data quality, model development process


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