33 Model Validation Specialist - Pittsburgh, PA Jobs in Pittsburgh, PA
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Model Validation Specialist - Pittsburgh, PA
$70k-90k (estimate)
Full Time | Banking
1 Week Ago
F N B is Hiring a Model Validation Specialist - Pittsburgh, PA Near Pittsburgh, PA
Primary Office Location:
30 Isabella Street. Pittsburgh, Pennsylvania. 15212.
Join our team. Make a difference - for us and for your future.nPosition Title: Model Validation Specialist
Business Unit: Risk Management
Reports To: Director of Enterprise Risk Management
Position OverviewThis position is primarily responsible for all aspects of model validation activities used for evaluating model risk for all parts of the enterprise. The incumbent performs validations of quantitative models in compliance with OCC 2011-12 and our Model Validation Policy and Guidelines including various model types such as Var Models, simulation models, pricing and asset valuation models, capital models, loss forecasting models, credit scoring models, trading models and asset and liability management models applied to a wide variety of assets and liabilities.
Primary ResponsibilitiesUnderstands the conceptual framework and assumptions of statistical and business models used throughout the organization. Understands how models are used in the business decision making process and the material impact to our financial statement and risk measurement.
Collects data and assumptions that are used in the models including model output in preparation for the model validation.
Conducts robust and comprehensive model validation testing and analysis according to the corporation's Model Validation Policy and Guidelines. Independently reproduces statistical analyses to validate model outputs.
Assesses model risks and limitations and makes recommendations on model use and remediation of model deficits. Writes reports detailing conclusions of the model validation and present findings and recommendations to senior leaders.
Participates in other model validation activities such as the discussion of Model Validation Policy and Guidelines and the improvement of model validation practices.
Interfaces with senior leaders, quantitative analysts and regulators to explain and defend model validation results.
Helps business units set up action plans to resolve findings resulting from model validations. Tracks action plans related to model validation findings and provide periodic reporting to senior management and regulators.
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum EducationMA or MS
Minimum Years Experience5
Special SkillsExcellent project management skills
Excellent communication skills, both written and verbal
Excellent customer service skills
Excellent organizational, analytical and interpersonal skills
Ability to use a personal computer and job-related software
MS Word - Basic Level
MS Excel - Intermediate Level
MS PowerPoint - Basic Level
PhD preferred. Education in Mathematics, Statistical Modeling, Computational Finance, Economics or related. Experience with development of testing methodologies and creation of working papers and SAS or similar software.
Special Licenses And CertificatesN/A
Physical RequirementsN/A
30 Isabella Street. Pittsburgh, Pennsylvania. 15212.
Join our team. Make a difference - for us and for your future.nPosition Title: Model Validation Specialist
Business Unit: Risk Management
Reports To: Director of Enterprise Risk Management
Position OverviewThis position is primarily responsible for all aspects of model validation activities used for evaluating model risk for all parts of the enterprise. The incumbent performs validations of quantitative models in compliance with OCC 2011-12 and our Model Validation Policy and Guidelines including various model types such as Var Models, simulation models, pricing and asset valuation models, capital models, loss forecasting models, credit scoring models, trading models and asset and liability management models applied to a wide variety of assets and liabilities.
Primary ResponsibilitiesUnderstands the conceptual framework and assumptions of statistical and business models used throughout the organization. Understands how models are used in the business decision making process and the material impact to our financial statement and risk measurement.
Collects data and assumptions that are used in the models including model output in preparation for the model validation.
Conducts robust and comprehensive model validation testing and analysis according to the corporation's Model Validation Policy and Guidelines. Independently reproduces statistical analyses to validate model outputs.
Assesses model risks and limitations and makes recommendations on model use and remediation of model deficits. Writes reports detailing conclusions of the model validation and present findings and recommendations to senior leaders.
Participates in other model validation activities such as the discussion of Model Validation Policy and Guidelines and the improvement of model validation practices.
Interfaces with senior leaders, quantitative analysts and regulators to explain and defend model validation results.
Helps business units set up action plans to resolve findings resulting from model validations. Tracks action plans related to model validation findings and provide periodic reporting to senior management and regulators.
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum EducationMA or MS
Minimum Years Experience5
Special SkillsExcellent project management skills
Excellent communication skills, both written and verbal
Excellent customer service skills
Excellent organizational, analytical and interpersonal skills
Ability to use a personal computer and job-related software
MS Word - Basic Level
MS Excel - Intermediate Level
MS PowerPoint - Basic Level
PhD preferred. Education in Mathematics, Statistical Modeling, Computational Finance, Economics or related. Experience with development of testing methodologies and creation of working papers and SAS or similar software.
Special Licenses And CertificatesN/A
Physical RequirementsN/A
Job Summary
JOB TYPE
Full Time
INDUSTRY
Banking
SALARY
$70k-90k (estimate)
POST DATE
06/21/2024
EXPIRATION DATE
07/17/2024
WEBSITE
f-n-b.com
HEADQUARTERS
BRUNDIDGE, AL
SIZE
100 - 200
FOUNDED
1904
TYPE
Private
CEO
JAMES T RAMAGE ILL
REVENUE
$10M - $50M
INDUSTRY
Banking
Related Companies
About F N B
The First National Bank provides various retail and commercial banking services.
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