Model Risk Management Validation Assistant Manager sought by New York Community Bank in Westbury, NY.
Support the MRM Validation Manager in managing the day-to-day workflow of model validations and providing guidance to the Model Validation team on qualitative and quantitative validation; provide subject matter expertise on the assessment of the model’s design and conceptual soundness, outcomes analysis, and ongoing monitoring; review model development documentation and model validation reports prepared by Validation Analysts; lead meetings with BPOs, model owners, and developers throughout the validation process.
Req’s: Master’s degree in Economics, Finance, Mathematics, Computer Science, Computational Finance, or closely related and 1 year experience in model risk management validation; or Bachelor’s degree in same fields and 5 years of progressive, post-baccalaureate experience plus 1 year experience in model risk management validation; or any suitable combination of education, training, or experience.
Requires 1 year experience in credit risk modeling; stress testing regulations and requirements; portfolio Asset Liability Management (ALM); anti-money laundering and Bank Secrecy Act laws and regulations; and Supervisory Guidance on Model Risk Management.
Apply at mynycb.com/careers