Senior Model Validation and Assurance Analyst

Federal Home Loan Bank of Topeka•Topeka, KS

3d•Hybrid

About The Position

This position supports the FHLBank’s model risk management program by performing and completing the following primary activities including but not limited to: (1) independently leading or driving end-to-end validations of complex quantitative financial models across market risk and asset-liability management (ALM) domains; (2) managing and overseeing model validations performed by third-party consultants; (3) designing and evaluating framework and/or methods for monitoring the performance of quantitative financial models and thresholds established to identify when models perform outside of expectations; (4) evaluating the significance of proposed model changes (both quantitatively and qualitatively); (5) reviewing the underlying theory, calculations, formulas, logic, structure and/or source of input data of complex end user applications (EUA), such as Microsoft Excel spreadsheets, Python code and other scripting languages, to ensure EUAs are properly designed and operate as intended; and (6) communicating model validation findings to model stake holders including model owners, users and Model Risk Management Committee (MRMC).

Requirements

Three to five years of similar or related experience in financial modeling, risk analytics and/or model validation
Intermediate to advanced knowledge of financial models and their constructs (such as the mathematical theory, business assumptions and implementation techniques, etc.) used for modeling of interest rates swaps, mortgage loans and/or deriving credit ratings or collateral haircuts
Knowledge of quantitative risk management for financial industry (e.g., market risk and credit risk)
Understanding and/or exposure to duration, convexity, Value-at-Risk (VaR) for risk measurement would be beneficial
Ability to understand and/or analyze information from databases and complex spreadsheets including embedded formulas/calculations/automation
Knowledge or experience of a programming language such as VBA, SQL, MATLAB, Python, R, etc.
Demonstrated written and oral communication skills
Ability to work with a variety of business partners and external parties to achieve departmental and corporate goals
Inquiring mindset with the ability to think logically
Experience using MS Office including Word, Access, Excel, etc.
Experience with generative Artificial Intelligence
Must be able to work independently

Nice To Haves

Preferred hands-on experience with ALM systems (e.g., PolyPaths, QRM, Principia etc.) and balance sheet modeling
Proficiency in Python, R, SQL and experience with machine learning libraries and statistical packages
Advanced degree (Master’s or Ph.D.) in finance, mathematics, computer science, economics or other related discipline
Completed course work in quantitative risk management, computational finance, time-series modeling, statistics, econometrics, logistic regression and/or machine learning preferred
Ph.D. Degree is preferred

Responsibilities

independently leading or driving end-to-end validations of complex quantitative financial models across market risk and asset-liability management (ALM) domains
managing and overseeing model validations performed by third-party consultants
designing and evaluating framework and/or methods for monitoring the performance of quantitative financial models and thresholds established to identify when models perform outside of expectations
evaluating the significance of proposed model changes (both quantitatively and qualitatively)
reviewing the underlying theory, calculations, formulas, logic, structure and/or source of input data of complex end user applications (EUA), such as Microsoft Excel spreadsheets, Python code and other scripting languages, to ensure EUAs are properly designed and operate as intended
communicating model validation findings to model stake holders including model owners, users and Model Risk Management Committee (MRMC)

Benefits

Bankwide incentive compensation program
401K retirement plan with competitive company match
Multiple health insurance offerings, including free telemedicine benefits
Paid Time Off: Vacation, sick, personal, volunteer and bereavement leave
Short-term and long-term disability coverage
Voluntary life insurance
Incentive-based wellness program
Paid maternity and parent bonding leave
Tuition reimbursement and student loan assistance
Onsite fitness center with shower facilities and onsite yoga classes
Summer hours
Onsite café
Flexible Remote Workday | Business partners may work remote one day per week.
Access to Leadership | The executives of FHLBank Topeka welcome communication with business partners. Stop by and say "Hi." Send an email and expect a response. Or schedule a meeting to share your perspective.
Peer-to-Peer Recognition | Our recognition programs celebrate business partners practicing FHLBank Topeka values and those working above and beyond.
Professional Wins | FHLBank Topeka offers business partners kudos for continuing education through tuition reimbursement and certification rewards.