What sets Bank of the West apart
from other banks is our team members–they embody the optimistic spirit of the
West. There is a spirit here that drives us to do more. Our team of more than
10,000 employees is vital to the success of our Bank. They reflect our modern
western values—straightforward, entrepreneurial and optimistic. We seek to
create a corporate culture that fosters and rewards excellence, encourages
creative thinking and respects diversity – an environment where team members
are engaged, supportive of one another and enthusiastic about serving our
customers. Bank of the West offers the stability of a company that has a 135
year history and is part of BNP Paribas, a European leader in global banking
and financial services and one of the 6 strongest banks in the world. We offer
opportunities across our diverse business lines – Retail Banking, Commercial
Banking, National Finance, and Wealth Management.
Job Description Summary
Quantitative models support some of the most important processes and decisions
at Bank of the West, including credit review, risk forecasting, asset/liability
management, market risk management, and transaction monitoring for anti-fraud, anti-money
laundering, and sanctions compliance. This position is in the Model Risk
Management Group which manages the risk of adverse consequences due to
incorrect or misused models. To manage this risk, the Bank needs to monitor and
periodically review over 100 models. Model validation is responsible for reviewing
and effectively challenging models including: underlying model assumptions,
theory, empirical evidence and limitations.
Model validation conducts testing and provides critical review of
conceptual soundness and model performance.
Model validators write reports describing the results of validation and interface
with internal stakeholders and regulators to communicate findings of model risk.
This is an Analyst position within the Model Validation job family. Salary and title commensurate with
Essential Job Functions
- Identify sources of model risk. Thoroughly and
comprehensively review all model components and developmental evidence.
Responsible for conducting quantitative analytics and complex modeling
- Presents work through formal validation reports, as
well as thorough presentation to model owners and senior management.
Clearly and concisely document and communicate validation findings.
- Present and effectively support findings to model
developers, users and senior management. Develop and prioritize
constructive recommendations for model changes or enhancements.
Communicate data quality and completeness concerns to model owners.
- Promote effective model development and validation
practices within the Bank. Develop automated solutions to routine
validations in order to gain efficiencies in the validation process.
- Build strong working relationships with key model
stakeholders, in particular model developers and users. Facilitate
communication between model validation and other stakeholders.
- Maintain a detailed and comprehensive record of each
validation project through work papers and other project artifacts.
Other Job Duties
- Expertise with one of transaction monitoring, capital
markets, asset liability management, loss forecasting, capital stress
testing, credit score cards, Basel II
- Requires advanced knowledge of quantitative models
obtained through advanced degree (PhD or MS) and/or prior work experience.
- Requires 3 years minimum prior relevant education
- Bachelor's Degree in a Quantitative field.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal
employment opportunity to all job seekers without regard to any status
protected by applicable law. Bank of the West is also an Affirmative Action
employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with
criminal histories pursuant to the San Francisco Fair Chance Ordinance subject
to the requirements of all state and federal laws and regulation
Primary Location: United States-Arizona-TempeJob Type: Full-timeJob: Risk Management