Model Validation Analyst

United Community Bank • Greenville, SC

38d • $60,466 - $93,119 • Onsite

About The Position

United Community is seeking a Model Validation Analyst to conduct independent validations of various models in compliance with SR 11-7. This role supports the annual risk assessment process, maintains the model inventory, assists in planning validation schedules, and prepares model risk-related reporting. The analyst will collaborate with model stakeholders and provide effective challenge throughout the model lifecycle.

Requirements

• Bachelor's degree in Statistics, Econometrics, Economics, Mathematics, or related quantitative field (Advanced degree preferred).
• Minimum 5 years of relevant experience in model risk management, financial modeling, or quantitative analysis.
• Strong quantitative and analytical skills with a critical mindset.
• Proficiency in Python (advanced), R, MATLAB, or SQL.
• Knowledge of risk modeling practices and regulatory requirements (SR 11-7, OCC Bulletin 2011-12).
• Excellent verbal and written communication skills.

Nice To Haves

• Advanced degree or certifications in quantitative disciplines.
• Experience with machine learning and advanced statistical modeling.

Responsibilities

• Perform Independent Validations: Validate models across credit risk, valuation, ALM, fraud, BSA/AML, operations, and marketing.
• Collaborate with Stakeholders: Engage with model owners and developers to assess risk and provide effective challenge.
• Support Risk Assessment: Assist in annual risk assessments and validation scheduling.
• Maintain Model Inventory: Update inventory and track validation findings.
• Prepare Reports: Document validation results and communicate findings to management and governance committees.
• Monitor Performance: Conduct model evaluations and performance reviews.
• Ensure Compliance: Apply regulatory guidance (SR 11-7, OCC Bulletin 2011-12) during validations.
• Research & Improve: Stay current on modeling best practices and validation techniques.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 1,001-5,000 employees