VP - Model risk (Credit Cards) VP - Model risk (Credit Cards) …

Selby Jennings QRF
in Manhattan, NY, United States
Permanent, Full time
Last application, 30 Nov 21
USD180000 - USD190001 per year
Selby Jennings QRF
in Manhattan, NY, United States
Permanent, Full time
Last application, 30 Nov 21
USD180000 - USD190001 per year
Selby Jennings QRF
-

One of the industry's leading global investment banks is looking to build out their risk analytics practice with a senior-level model risk candidates. This position will be responsible for the model validation and monitoring efforts within the retail banking division with a narrowed focus on credit card products. This position is ideal for candidates with subject matter expertise with all major federal regulatory guidelines (CCAR/CECL/DFAST/etc.) in addition to previous exposure with stress testing models for credit card portfolios. This incumbent will be leading a small team of quants to assure validation practices are adhering to federal requirements.

Responsibilities:

  • Lead the validation, documentation and monitoring efforts for the banks retail portfolios.
  • Liaise with internal stakeholders and federal regulators to assure a streamlined submission process.
  • Manage a small team of quants to assure effective validation of all relevant models.
  • Stay up to date on the latest in ML/AI technology being used in this space.
  • Working knowledge and exposure to CECL & CCAR requirements.

Requirements:

  • 10+ years of experience developing or validating regulatory models
  • 3+ years of experience managing a small team is preferred.
  • Proven track record working with retail lending products, specifically consumer credit cards.
  • Master's degree or above in any STEM related field of study.
  • Excellent verbal communication skills as you will be partnering with internal stakeholders and federal regulators on a frequent basis.

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