Description

Job Title: Model Risk Review Specialist

Organization Name: The Huntington National Bank

Location: Columbus, Ohio (Hybrid)

Detailed Description

Independently review and validate models/ quantitative frameworks on asset liability management, market risk and capital market valuation, as well as other models as they arise within the organization in compliance with Huntington’s model risk management policy and procedures. Perform model review and validation projects adhering to corporate policies and meeting regulatory standards. Produce model validation reports that are technical in nature, applying financial or economic theory and practices to support model validation activities to a variety of audiences within the organization. Provide critical analysis and effective thought process and challenges for models reviewed and validations performed by both internal and external parties. Work in partnership with business and model owners/users throughout the organization perform validation, issue findings and review finding remediation action plans for any outstanding or potentially critical problems concerning development, implementation, and usage of the models. Establish and maintain independent model review and validation processes while adhering to overall business and regulatory guidelines. Support lines of businesses to identify any modeling gaps, errors or oversights and recommend ways to address these issues. Identify emerging model risk issues impacting the company and communicate to model developers, senior management and the appropriate risk committee. Research  quantitative strategies through research on solving problems related to credit, interest rate, market risk, economic capital or capital market valuation, and translate it through coding using R, Python, SAS, and EXCEL.

Job Requirements

Master's Degree in Mathematics, Statistics, Data Science, or a related quantitative field. Expertise as demonstrated by one year of experience or 18 hours of graduate credits in each of the following areas: 1. Quantitative and/or Statistical modeling; 2. Model diagnostics for credit, interest rate, market risk, economic capital or capital market valuations; 3. Error analysis; 4. Functional programming using statistical software packages such as SAS, R, or Python. Hybrid work schedule available for employees in Central Ohio area.

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

Workplace Type:

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 is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters:  Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume.  All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.