Description

This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.

Summary:

The primary responsibility of the Model Risk Review Specialist will be to independently and collaboratively review and validate models/ quantitative frameworks spanning credit, interest rate, market risk, economic capital or capital market valuation, and other models as they arise within the organization. The Analyst is required to provide qualitative and quantitative feedback with support for their review/ validation activities to a variety of audiences within the organization. The role requires working in partnership with business and model owners/users throughout the organization. The Specialist will also perform research and formulate potential remediation plans for any outstanding or potentially critical problems concerning development, implementation, and usage of the models.

Duties & Responsibilities:

• 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 credit, interest rate, market risk, economic capital or capital market valuation etc., and ability to translate it through coding using R, MATLAB, SAS, EXCEL etc.
• Performs other duties as assigned.

Basic Qualifications:

• Master's Degree in mathematics, statistics, physics, or econometrics.
• Minimum of 1 year of advanced coursework or project work in quantitative analysis.

Preferred Qualifications:

• Experience in financial crimes and or BSA/AML is a positive.
•  Understanding of financial modeling theory and general solutions.

This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our 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.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Compensation Range:

57,000.00 - 113,000.00 Annual Salary

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.