Manager, Model Validation

2 weeks ago

bangalore, India Bread Financial Full time

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: Bachelor’s degree in engineering, Statistics, Mathematics, Economics or any other related quantitative discipline

10 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.

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