Model Validator

Essential Function / major duties and responsibilities of the job

Strategic

• The Model Validator is responsible for validating CLS models, maintaining model validation standards and procedure documents, engaging with CLS MRM stakeholders on model risk matters, and MRM reporting.

Operational

• Conduct model validation activities based on internal MRM policy and procedures.
• Conduct and perform quality assurance for model risk reporting.
• Communicate effectively with CLS businesses on model risk matters.
• Collaborate with the Model Governance to ensure model governance and standards are appropriate for the firm’s risk profile and ensure enterprise-wide adherence.

Leadership

• Execute model validation.
• Enhance capabilities to operate MRM developed challenger/benchmark models.

Experience / essential and desired for successful job performance

• 0-3 years’ experience in the model risk management at a regulated financial institution.
• Understanding of settlement and clearing, and the differences is a plus.
• Knowledge of US Banking Regulations (Federal Reserve Board) is a plus.
• Experience in working with statistical models.

Qualifications / Certifications

• Bachelor’s degree is required; MS/MA or MBA is desired.
• Experience with numerical and statistical tools: e.g. SAS, MATLAB, S-Plus, R, Python, C++.

Knowledge, skills and abilities / competencies required for successful job performance

· Attention to detail to ensure consistent, correct, and accurate execution of model validation and reporting.

· Knowledge of regulatory guidance on model risk management and industry best practice.

· Knowledge of capital market products, esp. FX.

· Strong verbal and written communication skills.

Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position

· Excellent interpersonal communication skills, both written and verbal.

· High ethical standards and a profound sense of integrity and confidentiality.

· Challenging assumptions and maintaining independence and objectivity.

· Build consensus, to influence both internal and external stakeholders.

· Results oriented team player.

· Ability to effectively take and drive initiative.

· Self-starter, energetic; strive for excellence.