Wholesale Credit Risk Model Validation Manager
Apply NowCompany: Truist Financial
Location: Atlanta, GA 30349
Description:
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.
Need Help?
If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
We are seeking an experienced Wholesale Credit Risk Model Validation Manager to lead the independent validation team in the execution of the MRM policy and procedures to ensure models are conceptually sound, statistically robust, and aligned with regulatory expectations, internal risk policies and business strategies. This leadership position also requires assistance in the ongoing buildout of the enterprise-wide MRM framework.
The role's primary objective is to assess and understand the risks associated with models used throughout the Bank. As a member of the Model Risk Management (MRM) program, you will manage a team of validation analysts in the execution of the MRM policy and procedures to ultimately provide effective model challenge. This leadership position also requires assistance in the ongoing buildout of the enterprise wide MRM framework.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Provide effective model challenge across multiple risk and business domains (e.g., Underwriting, Loss Forecasting, Compliance, Financial Crimes, etc.).
2. Effectively and independently interact with senior leaders from management, business areas, audit, and regulatory bodies.
3. Provide leadership / mentorship to other model validation managers across various products, modeling disciplines, and complexities.
4. Contribute to strategic, cross-functional initiatives across the organization.
5. Identify and implement innovation pertaining to model validation and governance.
6. Hire, supervise, and lead a team of validation analysts to review and assess advance modeling approaches to set the standard for excellent performance.
7. Ensure validation work products comply with Model Risk Management policy, procedures, and regulatory guidance.
8. Execute model risk management activities to align with the Bank's model risk appetite.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in Statistics, Econometrics, Quantitative Finance, Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.
2. Ten+ years of relevant experience or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models.
3. Seven+ years of relevant experience supervising teammates with quantitative educational and/or work backgrounds.
4. Experienced with modeling languages (e.g., SAS, R, etc.) and model platforms (e.g., CreditLens, QRM, etc.).
5. Strong written and verbal communication skills as well as experience proofreading documents written by others.
6. Exceptional organizational skills and ability to manage multiple time sensitive projects concurrently.
Preferred Qualifications:
1. Master's degree or higher in Statistics, Econometrics, Quantitative Finance, Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.
2. Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and/or Certificate in Quantitative Finance (CFQ) designation.
3. Experience with machine learning or advanced analytics in credit modeling.
4. Prior experience interacting with regulatory bodies (e.g., FRB, FDIC, OCC)
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify
Need Help?
If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
We are seeking an experienced Wholesale Credit Risk Model Validation Manager to lead the independent validation team in the execution of the MRM policy and procedures to ensure models are conceptually sound, statistically robust, and aligned with regulatory expectations, internal risk policies and business strategies. This leadership position also requires assistance in the ongoing buildout of the enterprise-wide MRM framework.
The role's primary objective is to assess and understand the risks associated with models used throughout the Bank. As a member of the Model Risk Management (MRM) program, you will manage a team of validation analysts in the execution of the MRM policy and procedures to ultimately provide effective model challenge. This leadership position also requires assistance in the ongoing buildout of the enterprise wide MRM framework.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Provide effective model challenge across multiple risk and business domains (e.g., Underwriting, Loss Forecasting, Compliance, Financial Crimes, etc.).
2. Effectively and independently interact with senior leaders from management, business areas, audit, and regulatory bodies.
3. Provide leadership / mentorship to other model validation managers across various products, modeling disciplines, and complexities.
4. Contribute to strategic, cross-functional initiatives across the organization.
5. Identify and implement innovation pertaining to model validation and governance.
6. Hire, supervise, and lead a team of validation analysts to review and assess advance modeling approaches to set the standard for excellent performance.
7. Ensure validation work products comply with Model Risk Management policy, procedures, and regulatory guidance.
8. Execute model risk management activities to align with the Bank's model risk appetite.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in Statistics, Econometrics, Quantitative Finance, Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.
2. Ten+ years of relevant experience or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models.
3. Seven+ years of relevant experience supervising teammates with quantitative educational and/or work backgrounds.
4. Experienced with modeling languages (e.g., SAS, R, etc.) and model platforms (e.g., CreditLens, QRM, etc.).
5. Strong written and verbal communication skills as well as experience proofreading documents written by others.
6. Exceptional organizational skills and ability to manage multiple time sensitive projects concurrently.
Preferred Qualifications:
1. Master's degree or higher in Statistics, Econometrics, Quantitative Finance, Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.
2. Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and/or Certificate in Quantitative Finance (CFQ) designation.
3. Experience with machine learning or advanced analytics in credit modeling.
4. Prior experience interacting with regulatory bodies (e.g., FRB, FDIC, OCC)
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify