Sr Model Validation Analyst
At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
- Identify sources of risk in models. Conduct validations for quantitative and complex financial models. Thoroughly and comprehensively review all model components and developmental evidences. Responsible for providing effective challenges to conceptual soundness of models and conducting quantitative analytics.
- Present validation work through formal validation reports, as well as thorough presentations 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. Communicates data quality and completeness concerns to model owners.
- Maintain detailed and comprehensive records of validation projects through work papers and other acceptable project artifacts.
- Maintain accurate data in the bank’s model inventory. Track and review model performance monitoring results. Review evidences for closure of model validation findings.
- Build strong working relationships with key model stakeholders, in particular model developers and users. Facilitate communication between model validation teams and other stakeholders, including model owners.
- Work effectively as a team member with other quantitative analysts at the company, as well as with external consultants.
- Keep abreast with developments in quantitative risk management and industry best practices in model validation.
- Work effectively either independently or as part of a team.
- Manage time and resources in a dynamic multi-task environment.
- Performs other duties as assigned.
- Advanced knowledge of quantitative models obtained through advanced degree (PhD, MS, or MFE) and/or prior work experience.
- Strong quantitative skills and practical experiences in areas such as financial theories, econometrics, statistics, hazard modeling and time series analysis.
- Working knowledge of key interest rate and liquidity risk metrics such as NII, EVE, liquidity gap, and FTP desirable
- Working knowledge of trading products and their valuations.
- Familiarity with model risk management and market risk management practices and applicable regulatory guidance.
- Good writing and verbal communication skills.
- Statistical skills and SAS experience a plus.
- A minimum of 3-5 years prior relevant work experience.
- Bachelor's Degree in Quantitative field or similar area of
- Master's Degree Quantitative field or MBA with quantitative focus
- Experience with loss forecasting, stress testing, credit score cards, Basel II.
- Strong quantitative skills in such areas as econometrics, statistics, hazard modeling, and time series analysis.
- Experience working with large data sets.
- SAS experience desirable.
- Strong knowledge of bank products, processes and business practices.
- Familiarity with leading model risk management practices and applicable regulatory guidance.
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 regulations.