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Bank of the West Sr Model Validation Analyst in San Ramon, California

Sr Model Validation Analyst

Description

What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.

Job Description Summary

Quantitative models support some of the most important processes and decisions at Bank of the West, including credit review, risk forecasting, asset/liability management, market risk management, and transaction monitoring for anti-fraud, anti-money laundering, and sanctions compliance. This position is in the Model Risk Management Group which manages the risk of adverse consequences due to incorrect or misused models. To manage this risk, the Bank needs to monitor and periodically review over 100 models. Model validation is responsible for reviewing and effectively challenging models including: underlying model assumptions, theory, empirical evidence and limitations. Model validation conducts testing and provides critical review of conceptual soundness and model performance. Model validators write reports describing the results of validation and interface with internal stakeholders and regulators to communicate findings in model risk. This is a Senior Analyst position within the Model Validation job family. Salary and title commensurate with qualifications.

Essential Job Functions

  • Identify sources of model risk. Thoroughly and comprehensively review all model components and developmental evidence. Responsible for conducting quantitative analytics and complex modeling projects.

  • Presents work through formal validation reports, as well as thorough presentation to model owners and senior management. Clearly and concisely document and communicate validation findings.

  • Present and effectively support findings to model developers, users and senior management. Develop and prioritize constructive recommendations for model changes or enhancements. Communicate data quality and completeness concerns to model owners.

  • Promote effective model development and validation practices within the Bank. Develop automated solutions to routine validations in order to gain efficiencies in the validation process.

  • Build strong working relationships with key model stakeholders, in particular model developers and users. Facilitate communication between model validation and other stakeholders.

  • Maintain a detailed and comprehensive record of each validation project through work papers and other project artifacts.

Qualifications

Required Experience

  • Requires deep knowledge of job area typically obtained through advanced education combined with experience.

  • Typically viewed as a specialist within discipline.

  • May have broad knowledge of project management.

  • Requires minimum of 5 years of prior relevant work experience.

Education

  • Requires Master's Degree in quantitative field or MBA with quantitative focus. PhD preferred.

Skills

  • Familiarity with model risk management practices and applicable regulatory guidance.

  • Strong quantitative skills in such areas as econometrics, statistics, hazard modeling, time series analysis, and Finance.

  • Experience working with large datasets using quantitative tools

  • Experience producing high quality written technical documentation

  • SAS experience desirable.

Equal Employment Opportunity Policy

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.

Job: Risk Management

Location: United States-California-San Ramon

Other Locations: United States-California-San Francisco, United States-Arizona-Tempe

Requisition ID: 059605

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