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Company

Original Job Post

Vanguard · 2 days ago

Model Validation Specialist

Philadelphia, PA

Full-time

Hybrid

Mid, Senior Level

5+ years exp

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FinanceFinancial Services

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Responsibilities

Drives second line model risk activities with a focus on independent validation of models with a focus on NLP models

Produces high quality validation reports that meets internal standards and meets Internal Audit’s and regulatory expectations

Helps develop, maintain and enhance a consistent, risk-based approach for independent validation and effective challenge of models

Helps develop model risk policies and standards

Provides expertise on Model Policy and standards, and supports the execution of model governance strategy across the enterprise including advising stakeholders on Model risk policy, standards, and risk assessment

Leads the maintenance of policies and standards through the entire lifecycle including coordination with key stakeholders and formal management review and approval

Collaborates with other team members and enterprise and divisional partners to ensure the proper alignment to Vanguard's operational and strategic risk policies and framework. Advises and prepares reports on risk, control, and governance related topics

Proactively identifies, evaluates, and recommends improvements to strengthen model risk management and enhance risk identification and oversight

Maintains understanding of industry trends in model validation and provide updates to stakeholder teams to enhance the knowledge and awareness or best practices

Participates in special projects and performs other duties as assigned.

Qualification

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Data scienceModeling frameworksAI/ML modelingNLP modelsHands-on experienceCommunicationNegotiationDiplomacyPresentationRisk ManagementModel ValidationGenerative AI ModelsStakeholder ManagementProblem-SolvingInterpersonal CommunicationTime ManagementFlexibilityJudgment

Required

PhD degree in a quantitative discipline such as Computer Science, Mathematics, Statistics, Physics, Engineering or an equivalent combination of training and experience

Minimum of 5 years of related information technology and/or Data Science experience

Broad knowledge of relevant modeling frameworks and standards is required

Strong knowledge of AI/ML modeling including NLP models and hands-on experience developing models is a must

Excellent communication, negotiation, diplomacy, and presentation skills is a must

Preferred

Broad knowledge of risk management at financial institutions preferred

Experience validating third party models preferred

Previous experience in model risk management (model validation) is a plus

Experience developing, testing or validating Generative AI models is a plus

Ability to deal effectively with a variety of stakeholder teams

Ability to effectively manage multiple and competing priorities of the team and department as well as one’s own priorities and time

Exhibits flexibility and excellent judgment

Company

Vanguard

Glassdoor

3.7

Check is a client-owned investment company that offers low-cost mutual funds, ETFs, advice, and related services.

Founded in 1975

Kelayres, Pennsylvania, USA

10,001+ employees

http://investor.vanguard.com/corporate-portal

H1B Sponsorship

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2020 (98)