Westbury, NY, United States - Corporate/Back-Office - Posted Feb 13, 2020
Requisition Number: 2000004U
Model Validation Manager sought by New York Community Bank in Westbury, NY.
Lead the development and administration of the model validation program concerning regulatory guidelines, requirements, and expectations set forth in Model Risk Management (MRM) guidance and policy. Review models including conceptual soundness, limitations, assumptions, methodology, and data analysis. Create benchmark models and review model development documentation, ongoing performance monitoring, and outcome analysis. Direct validation and approval of models including BSA/AML, statistical and econometric models. Manage a team of 7 quantitative analysts in completing the model validation schedule.
Req’s: Master’s degree in Finance, Computational Finance, or closely related and two years of experience in the job offered or two years of model validation experience in the banking industry; or Bachelor’s degree in the same fields and 5 years of progressive, post-baccalaureate experience which includes 2 years of experience in the job offered or 2 years of model validation experience in the banking industry; or any suitable combination of education, training, or experience.
Requires two years of experience in statistical techniques used in credit loss models (time series analysis, logistic/linear regression, modeling, cash flow modeling) using SAS, R, or MATLAB.