Lead Model Validation

Alliant Credit Union•Chicago, IL

17h•$95,100 - $163,100•Hybrid

About The Position

In this hybrid role based at our Chicago Headquarters, you will serve as a contributor within the second line of defense, perform independent model validations and support oversight of the Model Risk Management (MRM) program. Validate a broad range of models used across credit risk, treasury management (ALM), finance, underwriting, and related areas, includes both traditional statistical models and artificial intelligence (AI) models. Partner with model owners, users, and MRM leadership to assess model soundness, identify model risk, and support compliance with internal policies and regulatory guidance.

Requirements

Minimum - 4 Year Bachelors Degree in Mathematics, Statistics, Economics, Quantitative Finance, Engineering, Computer Science or related
Minimum - 5 Years of Build, test, implement, or validate models within the financial services industry or related
8 Years of Build, test, implement, or validate models within the financial services industry or related (In Lieu of Education)

Nice To Haves

Graduate Degree in Mathematics, Statistics, Economics, Quantitative Finance, Engineering, Computer Science or related
Preferred - 7 Years of Build, test, implement, or validate models within the financial services industry or related

Responsibilities

Independently execute model validations that are accurate, timely, and compliant with MRM policies, standards, and procedures across credit, market, operational risk, loss forecasting, stress testing, ALM, AML, fraud, pricing, and CECL models.
Apply sound analytical judgment to evaluate model input data, conceptual soundness, performance, implementation, and governance.
Prepare and document validation reports, including findings, conclusions, and actionable recommendations for model owners and management.
Partner with AI Governance stakeholders to assist with review and onboarding on new AI solutions.
Assess ongoing performance monitoring results and identify potential model weaknesses, emerging risks, and areas requiring remediation.
Support the ongoing enhancement of model validation methods, tools, templates, and practices in alignment with evolving regulatory guidance and industry standards.
Review and challenge validation work performed by third-party vendors, including evaluation of methodologies, conclusion quality, and appropriateness of findings.
Partner with first-line model owners and users to support effective issue management, remediation planning, and closure of validation findings.
Present validation results and risk assessments to MRM leadership and other stakeholders in a professional and constructive manner.
Support model risk governance activities, new model onboarding, including inventory maintenance, periodic inventory recertification, and inventory reporting to applicable committees per MRM Standard.
Demonstrate discretion, integrity, and professionalism in handling sensitive information and managing differing viewpoints or conflicts.