Credit Risk Model Manager

SIMON • Dallas, TX

12h

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Position Summary This position will be leading efforts to monitor the Bank’s existing third-party default probability models.

Requirements

• Proficient in reviewing and interpreting model documentation and research materials with a strong focus on quantitative and statistical analysis.
• Ability to read and interpret regulatory guidance and internal procedure documentation.
• Ability to write routine reports, procedures and business correspondence.
• Ability to respond in writing to audit findings customer complaints, regulatory agencies or member of the business community.
• Ability to translate complex quantitative concepts into actionable and meaningful business insights.
• Ability to effectively present information in one-on-one and small group situations, to customers, top management, public groups and/or boards of directors
• MS/MA degree; post graduate education in econometrics, quantitative finance, applied mathematics, statistics, or related field is preferred.
• 8+ years’ experience in loan portfolio/credit risk modeling, preferably at a financial institution.
• Experience using Moody’s suite of credit risk models.
• MS Office programs.
• Proficiency in Python or R with knowledge of model development and statistical analysis
• SQL coding.

Responsibilities

• Documentation, monitoring, back testing, benchmarking, and sensitivity analysis of Moody’s models (RiskCalc and CMM) in accordance with FRB SR 11-07.
• Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
• Resolution of any internal/external audit findings.
• Root cause analysis for any model anomalies, inconsistencies, or unexpected results.
• Potentially develop internal default probability models for loan verticals that are not captured by existing models.
• Assist in regulatory exams and internal audit reviews related to credit risk modeling.
• Prepares and maintains model documentation and version control for internal and regulatory stakeholders.
• Performs other duties and responsibilities as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 1,001-5,000 employees