Sr. Quantitative Analyst ( Model Validation) - Westlake Village,
CA Overview The Sr. Quantitative Analyst, Model Validation
responsible for assisting the Bank’s Model Risk Management
Department with its framework and standards, model validation and
Conduct annual model reviews including process verification,
performance monitoring, degree of changes, etc. and document the
findings and comments in the annual review report.
Review on-going model monitoring reports, identify potential
model risks; document the findings.
Conduct model validations on the Bank’s models, both in-house
and vendor models, based on regulatory guidance, the Bank’s Model
Risk Management policy and procedures, and the industry’s leading
Evaluate model assumptions and weaknesses, data relevancy and
completeness, conceptual soundness, modeling methodology, outcome
Prepare model validation reports that meet the Model Risk
Management Department’s expectations based on the evaluation of the
models, including backtesting, sensitivity testing, benchmarking,
etc. and present a conclusion based on the review.
Assist in model validation findings monitoring, reporting, and
evaluating the corrective actions.
Support senior managers to communicate findings and
recommendations from model validation reports to model owners and
Work closely with model owners and model users to understand the
model use and business applications.
Present findings to management as appropriate.
Assist in building benchmark models used in model validation
Qualifications POSITION REQUIREMENTS:
Bachelors or Master’s degree in Economics, Finance, Mathematics
or other related quantitative fields.
3-5 years experience in model validation or model
development in the banking industry or consulting.
Familiarity with model documentation requirements that meet
Strong written and verbal communication skills.
Familiarity with DFAST stress testing models is preferred.
Proficiency in statistical programming skills such as in R, SAS,
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