Sr. Associate, Risk Modeling
Auto Loan Experience a MUST.
Job Family Description:
Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.
Job Function Description:
Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.
Career Stream and Level:
The Sr. Associate, Risk Modeling conducts robust validations of a wide variety of risk models against established standards, develops benchmarks, and challenges and replicates models where applicable. S/he manages models of advanced complexity and leads special projects and/or programs.
Reviews and assesses overall model health within a given framework, identifies potential problems and works with stakeholders to resolve.
Conducts robust validations of a wide variety of models against established standards, develops benchmarks, challenges and replicates models where applicable.
Assesses model performance and evaluates model assumptions and weaknesses.
Collaborates with model owners and develops to understand the business context for models.
Supports senior model risk personnel in their communications with risk committees, auditors, regulators, and senior management regarding model risk and its potential effects on the risk profile to the organization.
Improves researching new modeling methodologies and new approaches to the management of model risk.
Prepares risk model reports, describing the results of the validation analyses and list the recommendations for addressing any issues identified.
Assists in developing and providing training and support to management and employees regarding model development strategies and programs.
Prepares model development related reporting for internal and external stakeholders.
Provides effective communication to model, business and model risk owner groups.