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Head of Capital, Stress Testing, and Financial Crimes Model Validation, Quantita

Company: Fin'l Services General, San Francisco, CA
Location: San Francisco
Posted on: January 14, 2018

Job Description:

Corporate Model Risk Company’s Corporate Model Risk is responsible for independently overseeing the management of model risk exposures across the enterprise (including governing, monitoring and reporting on aggregate model risk exposures, model validations and oversight). This oversight extends to all phases of a model’s life cycle, including identification, development, validation, implementation, finding resolution, usage, performance monitoring, documentation, and retirement. Capital, Stress Testing, and Financial Crimes Model Validation The Capital, Stress Testing, and Financial Crimes Model Validation group is responsible for validating and approving all models used within the Company Wholesale/Commercial and Unsecured Consumer Lending Credit Risk and PPNR, Corporate Economic, Wholesale/Retail Basel, Fair Lending, and Financial Crime models. The responsibilities include performing and managing team conducting model validation (performing independent testing for validation, building benchmark models, writing validation reports, and approving model usage), annual review, performance monitoring, and issue management. The team works closely with both model users, Credit & PPNR model development COE and corporate risk model development COE, model governance, and Corporate Functional Model Oversight (CFMO) teams to manage model risk to the firm and facilitate the model approval process. The Position The Head of Capital, Stress Testing, and Financial Crimes Model Validation is responsible for the quality, coordination and completion of model validation to support Corporate Credit, Corporate Finance, Corporate Economic, Compliance, Operational Risk, Wholesale and Consumer Business groups. Specifically this individual will have responsibility to: Establish a diverse and inclusive environment to nurture a highly technical team of validation quants. Lead all aspects of a “best in class” of model validation including timely model validation delivery and ensuring credible challenge through model review, replication, and benchmarking to identify potential model weakness. Manage model risk management process (model validation and issue resolution), schedule and resource management to ensure all policy related deliverables are managed to a high quality successful completion. Drive innovation including Artificial Intelligence application to improve effectiveness and efficiency of model validation and annual review. Provide strong thought leadership, based on extensive modeling and business knowledge and technical subject matter expertise. Conduct talent development and improve associate engagement to ensure his/her area is the best and most desirable place to work. Manage cross-functional stakeholders and relationships to improve effectiveness of his/her area. The Team This position will lead a team of approximately 40 team members onshore, consisting of managers and senior and junior quants and 10 offshore supplemental resource. The Candidate This leader will have a track record of success in building and managing industry-leading model risk management functions with focus on Credit and PPNR. This executive will have substantial experience leading "best-in-class" broad model risk management functions, and a thorough knowledge of Credit Loss Forecasting/Stress Testing, PPNR, Financial Crimes, Basel, Marketing, Large Scale Macro-Economic, Fair Lending modeling. Leadership, relationship management, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will have strong interpersonal effectiveness Required Qualifications 10+ years of experience in an advanced scientific or mathematical field 6+ years of management experience A master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, or computer science Other Desired Qualifications Senior level experience in model development/validation organization and understanding regulatory and accounting requirements with regard to Basel and CECL Depth of experience with DFAST/CCAR requirements and submission Experience in Credit Loss, PPNR, Financial Crimes, Fair Lending, Basel, and large scale macro-economic modeling Excellent communication skills are required as this position needs to be highly skilled in articulating risk issues and communicating those issues to different audiences from highly technical analysts to executive management within the organization. Proven experience in building partnerships, collaborating and influencing at senior levels and across lines of business as well as with corporate partners. Ability to work in both a “colloquial” business and a highly quantitative setting to be able to accomplish both business and regulatory objectives. A deep understanding of credit and finance process, data, and products across multiple line of businesses, systems and organizations Demonstrated ability to manage effectively in a matrixed organization, develop partnerships with many business and functional areas, understand the impact of the economic climate related to credit and financial risk to identify issues and opportunities in measuring credit, operational, compliance, and regulatory risk. Relationship building and ability to drive decision making through a consensus building approach. Demonstrated performance in bringing the right team together to address concerns and solve problems. Demonstrated excellence at developing sound model development/validation processes, and when needed, evaluating and enhancing existing processes. Demonstrated excellence at identifying stakeholders, understanding needs, and driving key initiatives to resolution. PhD degree or advanced degree in in mathematical or scientific discipline such as mathematics, statistics, engineering, physics or computer sciences Process focus to drive efficiency and effectiveness in the organization

Keywords: Fin'l Services General, San Francisco, CA, San Francisco, Head of Capital, Stress Testing, and Financial Crimes Model Validation, Quantita, Executive, San Francisco, California

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