Model Risk Manager
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Location:
222 North LaSalle StChicago,IL525 Vine StreetCincinnati,OH41 South High StreetColumbus,OH100 Lowder Brook Drive Suite 2600Westwood,MA2025 Woodward AveDetroit,MI101 South Tryon StreetCharlotte,NC
- Reference Number: R0063646
Description
The Model Validation Manager will lead/supervise the validation program of models (qualitative and qualitative models) at Huntington National Bank. The role will require collaboration with business process owners and various 2nd line key stake holders such as compliance, operations, and IT risk department to form an informed opinion on models The model validation manager acts as a key leader in the organization and influences the first and second lines of defense.
- Lead/supervise the effort to execute the model validation program, including the review and validation of financial crimes (Fraud, BSA/AML), marketing and AI/ML models
- Establishes and maintains relationships with all model stakeholders to discuss all manner of model risk topics including needs, identified issues and limitations
- Manages the performance, training, and evaluation of assigned staff including workflow of activities
- Provide innovative, thorough, and practical solutions to an extensive range of demanding problems
- Provide leadership, guidance and support as needed to less experienced validators as they perform independent model validation in accordance with bank polices, standards and procedures.
- Establishes the scope and necessary testing of models to support program requirements
- Stay abreast of emerging modeling techniques and evolving regulatory expectations, develop validation approaches, and incorporate them into model risk practices as appropriate
- Review and edit Model Validation reports to ensure reports are accurate, complete, and compliant with Policy, Standards and Procedures.
- Perform supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing staff.
Basic Qualifications:
- Master’s degree in a quantitative field (Mathematics, Statistics, Economics, Physics, Data Science, etc.)
- Minimum 5+ years of relevant analytical work experience in model validation or model development roles.
Preferred Qualifications:
- Experience in performing data analysis and statistical tests in programming languages like Python, R, SAS, or other programming languages
- Strong analytical abilities, presentation, and communication skills.
- Strong verbal and written communication skills and ability to communicate technical information to non-technical audiences
- Knowledge of Interagency guidance of model risk management (SR 11-7)
- It would be preferred that the candidate has exposure and familiar with financial crimes models and AI/ML
- Experience as a Model Developer or Model Validator
- Experience with managing a team and building partnership with business stakeholders
- Proficiency with SAS, R, SQL, Python, or other programming languages.
- Industry experience with deep knowledge of regulations, regulatory expectations, industry practices, and experience across a wide variety of products and model types including AI/ML models
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Workplace Type:
OfficeOur Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.