Model Validation Analyst-Model Risk ManagementOriginal Posting date:
Job Title: Model Validation Analyst-Model Risk Management
Area of Interest: Other Financial Services
Requisition Number: 3533
Company: Synovus
Location: Riverfront Building, Floor 2
City: Columbus
State: Georgia
Country: U.S.
Full-Time/Part-Time: Full Time
Shift: First
Minimum Requirements: ¦ Minimum Education: Master's Degree in Statistics, Operations Research, or related discipline in applied mathematics
¦ Minimum Experience: 2+ years job specific work experience
¦ Required Knowledge, Skills, & Abilities:
-Specialized training and work experience with a very strong background of statistical analysis and data modeling to include multivariate analysis, logistic regression, non-linear modeling, simulations, and similar techniques.
-Strong proficiency with statistical software packages, query tools and software, and Microsoft Excel
-Knowledge of database management and file access methods.
-Demonstrated experience in the application of structured analysis and technical design techniques and experience using a wide range of interpretive analysis tools
-Ability to present and explain technical information in a way that establishes rapport, persuades others and promotes understanding.
-Strong project management skills
Additional Job information: Preferred Skills:
- Proficient in SAS statistical software
- Financial services industry experience preferred
This position can be filled as an Analyst or Senior Analyst based on candidate experience.
Model Validation Analyst, Senior Minimum Requirements:
¦ Minimum Education: Master's Degree in Statistics, Operations Research, or related discipline in applied mathematics
¦ Minimum Experience: 5+ years job specific work experience with Master's Degree or 2+ years job specific work experience with Ph.D. in a related discipline
¦ Required Knowledge, Skills, & Abilities:
- Specialized training and work experience with a very strong background of statistical analysis and data modeling to include multivariate analysis, logistic regression, non-linear modeling, simulations, and similar techniques.
- Knowledgeable of model risk management and associated regulatory requirements and guidance.
- Strong proficiency with statistical software packages, query tools and software, and Microsoft Excel
- Knowledge of database management and file access methods.
- Demonstrated experience in the application of structured analysis and technical design techniques and experience using a wide range of interpretive analysis tools
- Ability to present and explain technical information in a way that establishes rapport, persuades others and promotes understanding.
- Strong project management skills
Job Description: Job Summary:
Performs independent validation activities on quantitative models enterprise-wide in compliance with regulatory guidance and the Synovus Model Risk Management policy. Verifies that models are performing as expected, in line with their design objectives and business uses.
Job Duties & Responsibilities:
¦Works closely with model owners, developers, and users to independently perform comprehensive validations of high impact models in compliance with regulatory guidance and Synovus policies and procedures. The scope of validation may include a review of the underlying assumptions, theory, empirical evidence, implementation, limitations, and results and context of reports of the model being validated.
¦Documents and presents observations to model owners, developers, and users; recommends management action plans and tracks remediation progress. Presents results to Executive or Senior Management, as appropriate.
¦Conducts ongoing monitoring such as confirming that models are appropriately implemented, used, and performing as intended; performs outcome analysis (such as back-testing and benchmarking).
¦Provides oversight and execution to the model risk management policies and procedures for the organization.
¦Consults with model owners, developers, and users on model development including the design of effective model operational controls.
¦Performs other related duties as required. In order to become a team member, all candidates must pass several background checks to include Credit, Criminal Background, Drug Screen, Reference Checks, Finger Print Checks, and others.
Synovus Bank is an Equal Opportunity Employer supporting Diversity in the workplace. M/F/D/V. Synovus Bank is a tobacco-free company. In order to be considered for this position, candidates must be eligible to work in the U.S. and will not need sponsorship from the employer now or in the future, in order to obtain, extend or renew authorization to work in the United States.
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