Model Risk Review Specialist II

Description

The Model Risk Review Specialist II is responsible for 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. This position is required to provide qualitative and quantitative feedback with support for their review / validation activities to a variety of audiences within the organization, working in partnership with business and model owners / users throughout the organization, and will also perform research and formulate potential remediation plans for any outstanding or potentially critical problems concerning the development, implementation, and usage of the models.

Duties and 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 processes 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 / developers 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 the 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.
• Perform other duties as assigned.

Basic Qualifications :

Preferred Qualifications :

#LI-HYBRID

#LI-MK2

#SRIRISK

#SRITREASURY

#SRIIT

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

Yes

Workplace Type : Hybrid

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

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