Model Validation Manager
3 weeks ago
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Job Summary
The Model Validation team is responsible for Model Risk Management for Bread Financial Models and Bank Models for the entire organization. Members of this team work with teams across the business (Marketing, Pricing, finance, etc.) that build the models to understand and validate the methodology. The Model Validation, Manager is a key member of the Model Risk Management (MRM) team. Key responsibilities include executing against the overall model risk management framework and assisting in independent validation of models used by the business.Essential Job Functions
Process and Project Management : Conducts model validations independently without any supervision. Acts as a leader, and coaches team members, if needed. Maintains a basic functional knowledge of model risk concepts and works with the business units to communicate key guiding principles. Performs end-to-end validations/testing of basic or less complex models/tools. Internal and client facing with oversight, guidance and review from management. Validation/testing involves identifying the key risks associated with a model, planning a risk-based validation approach and scope. Designs and conducts validation tests, recognizing gaps in model risk management and governance, and drafting a model validation report.
Quality Assurance : Checks the model’s accuracy and demonstrates the model is robust and stable. Assesses potential limitations and evaluating the model’s behavior over a range of input values. Assesses the impact of assumptions and identifies situations where the model performs poorly or becomes unreliable. Evaluates formal results of analysis performed and draft formal model validation documentation and proposed risk rating assessment.
Business Communications and Relationships : Demonstrates professional and proficient verbal and written communication skills when working with internal and external partners. Builds relationships by establishing trust, confidence and credibility with senior leaders, executives, and internal partners. Is proactive, demonstrates a strong work ethic, and shows initiative to build the business in a result driven environment. Utilizes critical thinking skills to help analyze business issues, collaborates with stakeholders to resolve problems, is strategic and flexible when needed, and gains consensus on the best solution.
Leadership : Leads, Coaches, motivates, challenges and provides managerial guidance to the team.Develops and executes training programs for the team. Utilizes excellent communication skills to articulate a strategic vision to the team. Solves problems and makes decisions with sound judgement. Provides continuous feedback and completes formal performance evaluations as directed by the organization. Values associate recognition and celebrating the accomplishments of individual team members as well as the overall team.Leads both direct reports and other associates to accomplish company initiatives.
Reports to :Director or above
Working Conditions/ Physical Requirements : Normal office environment, some travel may be required.
Direct Reports:3-5
Minimum Qualifications :Bachelors’ degree in Engineering, Statistics, Mathematics, Economics or any other related quantitative discipline
Ten or more years (can include graduate studies at a Masters’ level with thesis/ research work)? experience in model development/validation.
Preferred Qualifications : Master's degree in Engineering, Statistics, Mathematics, Economics or any other related quantitative discipline
Ten or more years experience in the financial services industry as well as experience in risk management.
Other Duties
This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and/or delete essential functions from this job at any time.
About Bread Financial
At Bread Financial, you’ll have the opportunity to grow your career, give back to your community, and be part of our award-winning culture. We’ve been consistently recognized as a best place to work nationally and in many markets and we’re proud to promote an environment where you feel appreciated, accepted, valued, and fulfilled—both personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression.
Bread FinancialTM is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive suite of payment solutions that includes private label and co-brand credit cards and Bread Pay™ buy now, pay later products. Bread Financial also offers direct-to-consumer products that give customers more access, choice and freedom through its branded Bread CashbackTM American Express® Credit Card and Bread SavingsTM products.
Headquartered in Columbus, Ohio, Bread Financial is powered by its approximately 7,000 global associates and is committed to sustainable business practices.
All job offers are contingent upon successful completion of credit and background checks.
Bread Financial is an Equal Opportunity Employer.
Job Family:
Enterprise RiskJob Type:
Regular-
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