Your Primary Responsibilities
Perform hands-on validations and reviews, and write quality model validation reports.
Collaborate with the Project Management Office (PMO) to maintain a viable model validation schedule, coordinate and oversee model validation, and review performed by the model validators to ensure timeliness, quality, and effective challenge.
Work with the model owner, model developer, and model user on all aspects of model validation and issue resolution.
Collaborate with the Operations & Management Assurance (OM&A) team to ensure the highest quality of validation, annual review, and Model Performance Monitoring (MPM) reports.
Prepare model validation and review presentations to the Model Risk Governance Council (MRGC) meetings for model approval, model issue tracking, and resolution.
Present model validation, review results, and finding resolutions to the Model Risk Governance Council (MRGC).
Challenge model performance and methodologies at Model Risk Governance Council (MRGC) review meeting.
Knowledge of the financial market and products. Experience in model validation and or model development. Familiarity with regulatory requirements on Model Risk Management(SR 11-7 and CCAS rules).
Proficiency in programming languages (For example, SQL,Python, R, SAS, C/C++).
Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately
NOTE: The Primary Responsibilities of this role are not limited to the details above. **
Qualifications
Minimum of 6 years of related experience
Bachelor's degree preferred or equivalent experience
Talents Needed for Success
Fosters a culture where honesty and transparency are expected.
Stays current on changes in his/her own specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
Invests effort to individually coach others.
Builds collaborative teams across the organization.
Communicates openly keeping everyone across the organization informed.
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
