What are the responsibilities and job description for the Statistical Modeler II - Model Validations position at Credit One Bank?
Description
Position Summary
The Statistical Modeler II is responsible for high quality model validation related to quantitative analytic modeling to ensure modeling techniques and results are consistent with the respective strategic uses, models performing as intended, and complying with related Model Risk Management policies, standards, procedures as well as regulations. This role requires high level of expertise with minimal technical supervision to serve as project lead as well as being accountable for validation results on a wide range of model categories.
Summary Essential Job Functions
- Serve as a key contributor and lead manager supporting independent model validation for various models (Credit, Fraud, Collections, Marketing, Finance, Loss Forecasting, Stress Testing, etc.).
- Perform the full scope end-to-end validation independently for assigned internally and vendor developed new models and existing models.
- Producing high quality model validation reports, with a particular focus on noting limitations, weaknesses, and assumptions.
- Conducting self-study of developments in modelling and validation techniques, regulatory guidelines, as well as new analytical tools.
- Guide model owners through the model validation process, including assisting in confirming model versus tools and informing model owners of governance and validation efforts required.
- Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industries in order to provide expert guidance to the Credit One Bank functions.
- Support regulatory examinations and internal audits of the modeling process and selected models samples.
- Continuously drive better model risk management practices and add value to the business through more efficiency, stronger controls, better process, and strong partnership with model stakeholders.
- Perform other duties and / or special projects as assigned.
Position Requirements
Preferred
Credit One Bank, N.A. is a data-driven financial services company based in Las Vegas. Founded in 1984, Credit One Bank offers a spectrum of credit card products for people in all stages of financial life. Credit One Bank is an equal opportunity employer committed to diversity and inclusion and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, or national origin. Reasonable accommodations can be made for those who require them, including access to job applications and workplace accommodations. Employment at Credit One Bank is based on mutual consent (also known as at-will). This means that employees and the Bank may terminate the employment relationship at any time, with or without cause and with or without notice. Please contact the recruiter for this position to learn more. Credit One Bank does not accept unsolicited resumes from agencies and is not responsible for related fees.
