What are the responsibilities and job description for the Sr Data Scientist - Model Risk and Validation position at Citizens?
Description
The successful candidate will join the Model Risk Management and Validation Group (MRM&V). MRM&V performs independent analytical reviews and validations of all models throughout Citizens Bank. The candidate will perform analysis of quantitative models and other tools through extensive reviews into how the models was developed and how it functions. The candidate will also provide written communications of their findings in a clear, succinct manner to all model stakeholders including model owners, developers, lines of business, audit, and regulatory agencies. By the nature of this position, the successful candidate will be exposed to a wide variety of models and business analysts, and senior management.
Responsibilities :
Perform independent review and model validation of Artificial Intelligence and Machine Learning (AI / ML) models.
Conduct model architecture review, theoretical soundness assessments and performance evaluations.
Write validation reports containing / explaining the analyses performed and their results.
Present the reports and findings to various review / approval committees and to other modeling teams.
Develop creative approaches to effectively communicate complicated concepts, model validation results and analyses to stakeholders.
Participate in peer brainstorm review sessions and help other MRM&V members to solve the problems they are facing; work closely with cross-functional teams, including senior model validators, model developers, risk officers, and business units, to ensure models are effectively integrated into business decision-making processes.
Represent Model Risk management team in the interactions with regulatory agencies.
Qualifications
3 years experiences in model development or validation.
Prior experience in delivering both written and verbal communications to a senior management audience and developing constructive relationships with a wide range of different stakeholders .
Good business knowledge and familiarity with consumer / small business / commercial banking products, operation, and credit processes.
Quantitative programming skill (e.g., SAS / SQL, Python, R, etc.).
Familiar with essential quantities techniques used in financial models.
Knowledge with Machine Learning algorithm in model development or validation is a plus.
Very good communication skills (both verbal and written) as well as solid project management skills and ability to multitask.
Prior experience with developing or validating models such as stress testing, prepayment or profitability models will be a plus.
Education :
- Master’s degree in finance, economics / econometrics, statistics, or other quantitative fields (physics, computer science, mathematics, etc.) required
Hours and Work Schedule : 3 days in the office, 2 days work from home.
Hours per Week : 40
Work Schedule : Monday-Friday
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens), provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability, or history or record of a disability, ethnicity, gender, gender identity or expression, transgendered and transitioning individuals, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status / parenthood, medical condition, military or veteran status, national origin, pregnancy / childbirth / lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and / or local laws. At Citizens we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day and where all are expected to be treated with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. We perform our best so we can do more for our customers, colleagues, communities and shareholders.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.
