53 applicants
Beal Bank · 3 days ago
Model Validation Analyst
Plano, TX
Full-time
Hybrid
Entry, Mid Level
2+ years exp
Wonder how qualified you are to the job?
Maximize your interview chancesBankingCommercial
Insider Connection @Beal Bank
Responsibilities
Conduct independent validation of models, including but not limited to credit risk, market risk, operational risk and stress testing models
Develop and implement validation methodologies, including quantitative techniques and statistical tests to assess model performance and robustness
Review model documentation to ensure it meets internal standards and regulatory requirements
Perform back-testing, sensitivity analysis and benchmarking of models to evaluate their accuracy and reliability
Identify and communicate model limitations, assumptions and potential risks to stakeholders
Collaborate with model developers, owners, users and other key stakeholders to address validation findings and recommend improvements
Prepare comprehensive validation reports documenting the validation process, findings and recommendations
Support the ongoing monitoring of model performance and conduct periodic reviews to ensure models remain fit for purpose
Participate in regulatory and internal audits related to model risk management
Qualification
Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.
Required
Bachelor’s degree in a quantitative field such as Mathematics, Statistics, Finance, Economics, or related discipline; advanced degree preferred
Minimum of 2 years of experience in model validation, quantitative analysis, or related field within the financial services industry
Strong knowledge of statistical and mathematical modeling techniques
Familiarity with regulatory requirements and guidelines related to model risk management (e.g., SR 11-7, FIL-22-2017)
Excellent analytical, problem-solving, and critical thinking skills
Strong written and verbal communication skills, with the ability to clearly articulate complex concepts and findings to non-technical stakeholders
Detail-oriented with the ability to manage multiple tasks and projects simultaneously
Experience with risk management frameworks and practices
Advanced knowledge of Microsoft Excel and Microsoft Office applications
Preferred
Advanced degree in a quantitative field
Experience with back-testing, sensitivity analysis, and benchmarking of models
Experience in regulatory and internal audits related to model risk management
Benefits
Medical, dental and vision coverage
401K with company match
10 paid holidays
Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
Applicant may be eligible for annual discretionary bonus
Company
Beal Bank
Beal Bank is a financial service company that provides competitive rates, outstanding customers services, financial strength, and stability.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
D. Andrew Beal
Founder and Chairman
Recent News
2023-12-12
2023-01-27
Company data provided by crunchbase
