Commercial Loss Forecasting Model Validation

  • Competitive Base & Bonus
  • Washington D.C., DC, USA
  • Permanent, Full time
  • Ashton Lane Group
  • 23 Sep 16

Senior level quantitative model validation for a large financial institution

Responsibilities:

  • Assess the methodologies and processes used by modeling teams to develop and manage their models, and identifying potential risk and the associated materiality of the risk
  • Contribute to model validation projects, in a leadership and analytic capacity
  • Benchmark model methodologies and performance by specifying and managing the development of alternative models
  • Provide constructive and actionable solutions to model issues identified
  • Research industry practices related to model methodologies
  • Document validation processes and results
  • Comply with the company’s model policy and regulatory requirements
  • Communicate validation results to management, model owners, regulators, and auditors
  • Contribute horizontally by knowledge sharing across validation teams
  • Develop project plans, setting and managing expectations, and delivering results through self and/or others
  • Assist with building the validation group, through contributions to hiring, training, and developing infrastructure such as processes and templates

Requirements:

  • 5+ years of loss forecasting modeling experience in consumer or commercial risk, including at least 3 in mortgage lending
  • Strong experience with the validation of loss forecasting, stress testing and Basel-related models
  • Broad exposure to the risk measurement & calculate capital requirements associated with mortgage lending and other financial assets.
  • Strong communication skills
  • Master’s degree in a quantitative discipline (e.g., statistics, physics, math). Doctorate preferred

For immediate consideration, please forward resume and contact details to: info@ashtonlanegroup.com

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