Model Validation Analyst Senior

1 day ago

Bengaluru, India Bread Financial Full time

Job Description

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 Analyst, Senior 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 with minimal supervision.Acts as a mentor 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 evaluates the model s behavior over a range of input values. Assesses the impact of assumptions and identifying 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.

Reports to: Lead or above

Working Conditions/ Physical Requirements: Normal office environment, some travel may be required.

Direct Reports: None

Minimum Qualifications:

- Bachelors degree in Engineering, Statistics, Mathematics, Economics or any other related quantitative discipline
- Five or moreyears experience in data analytics or model development/validation is required

Preferred Qualifications:

- Masters degree in Engineering, Statistics, Mathematics, Economics or any other related quantitative discipline.
- Six or more years experience in the financial services industry as well as experience in risk management

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