Model Risk Officer
Location:
Dallas , Texas
Posted:
November 20, 2017
Reference:
5000279927806

Model Risk Officer II

The Model Risk Officer is responsible for validation analysis and testing associated with Comerica's model inventory according to the regulatory guidance set forth in SR 11-7. The result of all work will be validation reports detailing all validation activities associated with the model.

Position Responsibilities:

* Independent Model Validation

* Assist in the independent model testing including evaluation of conceptual soundness and developmental evidence, checking the model's accuracy, demonstrating that the model is robust and stable, assessing potential limitations, and evaluating the model's behavior over a range of input values. * Perform rigorous assessment of data quality and assumptions relevance, and appropriately documented, especially where management judgment is used * Use results of rigorous assessments and testing to determine key risks of using the model *

Model Risk Governance and Reporting: Responsible for assisting in tracking and reporting model management activities

* Ph.D. in quantitative field such as statistics, applied mathematics, or quantitative finance * Must be able to communicate highly complex concepts to non-quantitative personnel effectively * Must be able to work independently, but easily transition into a collaborative environment when necessary * Teamwork skills are imperative * 2 years of financial services experience a must * 2 years of model development or validation experience required * Validation experience a plus

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled


A little about us:
At Comerica Bank, we’re looking for leaders to help guide a higher level of banking.

Know someone who would be interested in this job? Share it with your network.