09 Jan

Avp Model Validation Pacific Western Bank Westlake Village Jobs Vacancy in Pacific Western Bank Westlake Village

Position
Avp Model Validation Pacific Western Bank Westlake Village
Company
Pacific Western Bank
Location
Westlake Village CA
Opening
09 Jan, 2018 30+ days ago

Pacific Western Bank Westlake Village urgently required following position for Avp Model Validation Pacific Western Bank Westlake Village. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Avp Model Validation Pacific Western Bank Westlake Village Jobs Vacancy in Pacific Western Bank Westlake Village Jobs Details:

The Assistant Vice President, Model Validation is responsible for assisting the Bank’s Model Risk Management Department with its framework and standards, model inventory, model risk assessment, model validation and model governance.

RESPONSIBILITIES:

  • Conduct model validations on the Bank’s models, both in-house and vendor models, based on regulatory guidelines, the Bank’s model risk management policy and procedure, and the industry’s leading practices
  • Evaluate model assumptions and weaknesses, data relevancy and completeness, conceptual soundness, modeling methodology, outcome analysis, etc.
  • Prepare a model validation report that meets the Model Risk Management Department’s expectations, based on the evaluation of the model, including backtesting, sensitivity testing, benchmarking, etc. and include a conclusion based on the review
  • Assist in model validation findings monitoring, reporting, and evaluating the corrective actions
  • Conduct model annual reviews including process verification, performance monitoring, degree of changes, etc. and document the findings and comments in the annual review report
  • Support senior managers to communicate findings and recommendations from model validation report to model owners and model users
  • Assist Model Risk Management Department in preparing data for the Risk Dashboard metrics
  • Work closely with model owners and model users to understand the model use and business applications
  • Present findings to management or the Model Governance Committee, as appropriate
POSITION REQUIREMENTS:
  • Bachelor’s or Master’s degree in Economics, Finance, Mathematics or other related quantitative fields
  • 1-3 years’ experience in model validation or model development in the banking industry or consulting
  • Familiarity with model documentation requirements that meets regulatory expectations
  • Strong written and verbal communication skills
  • Familiarity with DFAST stress testing models is preferred
  • Proficiency in statistical programming skills such as in R, SAS etc.
  • Familiarity with loan-level loss forecast models, QRM deposit and pricing models, or Pre-Provision Net Revenue models is preferred
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Avp Model Validation Pacific Western Bank Westlake Village Jobs Vacancy in Pacific Western Bank Westlake Village. Pacific Western Bank Westlake Village opening great career opportunity and jobs vacancy for Avp Model Validation Pacific Western Bank Westlake Village position. This jobs vacancy will be open for new jobs applicant starting for 09 Jan, 2018. The Assistant Vice President, Model Validation is responsible for assisting the Bank’s Model Risk Management Department with its framework and standards, model... ... Continue reading -->