Frost · 5 days ago

Model Validation Analyst I

San Antonio, TX

Full-time

Onsite

Entry Level

1+ years exp

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Banking

Comp. & Benefits

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Responsibilities

Monitor and validate aggregate model risk in alignment with Frost’s risk strategy

Perform independent validations of financial, statistical, and behavioral models commensurate with their criticality ratings. Ensure a thorough review by challenging key aspects of each model

Assist with the validation and review of models regarding their theoretical soundness, testing design, and points of weakness

Interpret data to recognize any potential risk exposure; additionally, identify opportunities to use data in ways that enhance the strategic and tactical decisions made by management

Assist with the development of challenger models that help validate existing models and assist with outcome analysis

Ensure compliance with the model risk monitoring framework

Evaluate governance for Model Risk Management by reviewing policies, controls, risk assessments, documentation standards, and validation standards that are required to manage modeling processes throughout the organization

Evaluate the Bank’s compliance with SR 11-7 regulatory guidance

Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

Qualification

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StatisticsNumerical TechniquesDocumentationSQLSASRPythonMicrosoft ExcelMicrosoft ApplicationsProblem-SolvingCommunication

Required

Master's degree in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, Physics, Management Science, Operations Research, or Economics

1+ years of experience in the development or validation of financial, statistical, or mathematical models, or, equivalent coursework/internship experience

Mastery of statistics and numerical techniques

Demonstrated experience with documenting technical aspects of a model as well as presenting results/findings

Proficient in either SQL, SAS, R, or Python

Advanced knowledge of Microsoft Excel

Proficient in Microsoft computer applications

Excellent written and verbal communication skills