Head of Model Validation
About The Position
United Community is seeking a highly skilled Head of Model Validation to lead our enterprise-wide model validation program. This role is critical in ensuring compliance with regulatory guidance (SR 11-7) and maintaining robust model risk management practices. The Head of Model Validation will provide expert insight into validation best practices, execute high-risk validations, and guide junior validators across the bank’s model inventory. This is a high-impact leadership role offering the opportunity to shape the direction of model risk management at United Community Bank.
Requirements
- Bachelor’s degree in Statistics, Econometrics, Economics, Mathematics, or related quantitative field; advanced degree preferred.
- Minimum 5 years of relevant experience (7+ years highly desirable) in model validation, risk management, or quantitative analysis.
- Strong understanding of models used in credit risk, fraud detection, BSA/AML, operations, and treasury.
- Proficiency in programming languages such as Python (advanced required), R, MATLAB, or SQL.
- Advanced knowledge of financial modeling, statistical modeling, machine learning, and AI.
- Familiarity with regulatory guidance (SR 11-7, OCC Bulletin 2011-12) and compliance requirements.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work independently, manage complex assignments, and influence stakeholders effectively.
Responsibilities
- Serve as the subject matter expert for model validation best practices and regulatory compliance.
- Lead and perform independent validations of models, including credit risk, valuation, ALM, fraud, BSA/AML, operations, and marketing models.
- Oversee and review work performed by junior and external validators to ensure quality and consistency.
- Collaborate with model owners, developers, and stakeholders to provide effective challenge throughout the model lifecycle.
- Assist in annual model risk assessments, validation scheduling, and tracking of findings.
- Review model documentation and prepare model risk-related reports for management.
- Stay current on regulatory requirements and industry best practices for model risk management.
- Conduct research and maintain expertise in quantitative modeling and validation techniques.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
