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First Electronic Bank · 3 weeks ago

Director of Model Validation

Salt Lake City, UT

Full-time

Onsite

Mid, Senior Level

5+ years exp

First Electronic Bank is committed to making credit accessible to everyday Americans and their businesses. They are seeking a Director of Model Validation to lead the Model Risk Management function, ensuring the integrity and performance of models used in lending products while collaborating with internal and external stakeholders for regulatory compliance and model excellence.

ElectronicsFinancial ServicesVenture Capital

Growth Opportunities

Responsibilities

Own and manage the Bank Strategic Partner Model Risk Management function, including Model Governance policies and procedures

Continuously enhance processes and controls to ensure compliance with regulatory requirements

Mentor, develop and lead a team of Model Validation Analysts and Managers responsible for validation credit risk, fraud detection, and behavioral credit models across our Fintech partnerships

Oversee and maintain the internal model inventory for the Strategic Partner products

Lead and improve loan portfolio performance monitoring processes using data feeds and visualization tools such as PowerBI

Collaborate with external data science and modeling teams, providing guidance on model development and ensuring thorough documentation and adherence to Model Risk Management standards

Partner with Compliance to define and strengthen standards that ensure fair lending practices and regulatory compliance

Support due diligence efforts by assigning model validation subject matter experts to the process

Serve as primary point of contact during regulatory exams (FDIC, UDFI) for model risk management activities

Work with external vendors and legal counsel to validate modeling techniques and align with industry best practices

Participate in Bank Committees and Advisory Groups to provide strategic input on model risk initiatives

Qualification

Model Risk ManagementStatistical ModelingMachine LearningRegulatory ComplianceData SciencePeople ManagementPythonCommunication SkillsCollaborationAdaptability