Model Risk Review Specialist I
Huntington National Bank
- Columbus, OH
- Permanent
- Full-time
- Perform model review and validation in a timely manner according to a project plan adhering to corporate policies and meeting regulatory standards.
- Provide critical analysis and effective thought process and challenges for models reviewed and validations performed by both internal and external parties.
- Communicate to quantitative and business audiences through verbal and written presentations describing the results of the review/ validation analyses, and be able to recommend remediation strategy to address the findings.
- Establish and maintain independent model review/ validation thought processes while adhering to overall business and regulatory guidelines.
- Assist model owners/developer in the compilation of comprehensive model documentation, and ongoing maintenance of the documentation.
- Serve as a key resource on model concepts and assumption change questions including ability to understand impacts through recommendations.
- Work closely with business owners/ model users and developers to understand the business context for model use, and facilitate the model approval process.
- Work with the lines of businesses to identify any modeling gaps, errors or oversights and recommend ways to address these issues.
- Proactively identify emerging model risk issues impacting the company and communicate to model developers, senior management and the appropriate risk committee.
- Keep abreast of the latest quantitative strategies through research on solving problems related to AI/ML and the ability to translate it through coding using Python, R, MATLAB, SAS, AWS etc.
- Performs other duties as assigned.
- Master's Degree in mathematics, statistics, physics, computer science or econometrics.
- Minimum of 1 year of advanced coursework or project work in quantitative analysis.