Model Validator I (Mid-level) - Quality Assurance

Implements model risk validation oversight for the life-cycle management of models which includes conducing model validation activities. Drives the model validation oversight process aligned with the written risk and compliance policies and procedures which require independence from model stewards (e.g., model owners, developers, implementers, users, and other collaborators) throughout the lifecycle of the model's use and maintenance. What you'll do: Implements independent model validation contactivities for lower risk, in-house and vendor, models. Conducts validation activities for low-risk, in-house models, and assists, under supervision and in collaboration with peers, on higher risk, complex and vendor models. Conducts back-testing, diagnostic testing, sensitivity analysis, benchmarking, and other validation tests/analyses on lower risk models; collaborates with senior-level validators for higher risk models. Implements and assists in replicating model development and may help develop challenger models through principles of predictive modeling, machine learning, time-series modeling/forecasting, stress testing, heuristic models, actuarial models, and/or other techniques. Reviews at a working experience level the end-to-end life-cycle management of model development, implementation, ongoing monitoring, and use in areas of Banking and Insurance (Property & Casualty and Life) along with their corresponding business support functions and operational processes. Assesses the materiality of model changes and conducts model change validations. Produces and delivers validation reports and related validation work to model validation management and model collaborators. Drives the independent model validation process aligned with the written risk and compliance policies and procedures at a working experience level. Evaluates model risk control strengths around model development, implementation, and use.