Model Validation Analyst III

Frost • San Antonio, TX

3d

About The Position

As a Model Validation Analyst III with Frost, you monitor and validate aggregate model risk in alignment with Frost’s risk strategy and provide recommendations on adjusting model risk based on independent validations. You turn data into insights to evaluate the accuracy of complex and significant financial, statistical, and behavioral models used across the organization, while contributing to continuous improvement.

Requirements

• Master’s degree in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, Physics, Management Science, Operations Research, or Economics.
• At least 2 years of experience developing or validating financial, statistical, or mathematical models; experience in financial services is preferred.
• Mastery of statistics and numerical techniques.
• Demonstrated experience documenting technical aspects of a model and presenting results or findings.
• Proficiency in at least one of SQL, SAS, R, or Python.
• Advanced knowledge of Microsoft Excel.
• Proficiency in Microsoft computer applications.
• Excellent written and verbal communication skills.

Nice To Haves

• Ph.D. degree in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, Physics, Management Science, Operations Research, or Economics.

Responsibilities

• Monitor and validate aggregate model risk in alignment with Frost’s risk strategy and recommend adjustments to model risk.
• Perform independent validations of financial, statistical, and behavioral models according to their criticality ratings, focusing on the most complex and significant models and challenging key aspects of each model.
• Assist other Model Validation Analysts with complex validations by applying expertise in a wide variety of model validation techniques.
• Oversee reviews of models’ theoretical soundness, testing design, and points of weakness.
• Interpret data to identify potential risk exposure and opportunities to improve management’s strategic and tactical decisions.
• Oversee development of challenger models to validate existing models and assist with outcome analysis.
• Ensure compliance with the model risk monitoring framework.
• Evaluate Model Risk Management governance, including policies, controls, risk assessments, documentation standards, and validation standards.
• Evaluate the Bank’s compliance with SR 11-7 regulatory guidance.
• Provide leadership, guidance, and direction to less experienced analysts.
• Act with Integrity, Caring, and Excellence to achieve all-win outcomes.

Benefits

• Medical, dental, and vision insurance.
• Long-term disability and life insurance.
• 401(k) matching.
• Generous holiday and paid time off schedule.
• Tuition reimbursement.
• Health and wellness programs, including an Employee Assistance Program.
• Referral bonus program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level