Senior Quantitative Analyst-Model Governance Strategist

American AgCredit

8d•$110,339 - $198,611•Remote

About The Position

American AgCredit offers a unique opportunity to be a part of a national financial system supporting those who feed, clothe and fuel the world. We are a growing organization embracing collaboration and innovation while delivering transformative solutions. American AgCredit provides a cultivating environment where you truly make a difference for our customers and teams. The Senior Quantitative Analyst - Model Governance Strategist is a highly experienced and detail-oriented consummate professional. This senior quantitative expert will be tasked with finding novel solutions to unique and unusually complex problems that have a broad impact across the entire organization. They will be a key resource who will assist in creating the analytical risk management framework, including strengthening and enhancing the model governance framework to ensure regulatory compliance and management of model risk throughout the model lifecycle. They will serve as a trusted advisor to the Director of Model Risk Management and will engage with partners and executives across the Association including model developers, internal and external model validators, model owners, senior business leaders and executives, and will also represent the organization while engaging directly with external auditors and regulators.

Requirements

Advanced degree in quantitative discipline, or any equivalent combination of education and experience.
A minimum of 10 years of experience within a complex and highly regulated financial institution spanning at least two of the following areas: quantitative model development, quantitative model validation, quantitative model monitoring.
Additionally, must have some experience managing the quantitative risk of Gen AI.
Thorough understanding of regulatory requirements and supervisory expectations [SR 11-7, OCC 2011-12, FCA EM 31.1-2] along with a comprehensive understanding of the model lifecycle.
Good understanding of NIST AI Risk Management Framework.
Profound quantitative expertise with the ability to discern the main drivers of risk within highly complex models and their impact on the organization.
Excellent analytical, organizational and project management skills with high attention to detail and the ability to manage multiple tasks under tight deadlines.
Must have the ability to perform basic office tasks and work in a typical office setting.
Employee will be sitting for extended periods of time and accomplishing work at a desk and work at a computer for an extended period.
Must have strong written and verbal communication skills to adequately convey ideas and work well with a team.
Some lifting and moving of items up to 25 pounds required.
Work during established business hours and may require occasional weekend and/or evening work.
Position requires the ability to travel, on a limited basis.

Nice To Haves

FRM, CFA, or ASA/FSA designation preferred.

Responsibilities

Key thought partner in the creation of the analytical risk management framework, bringing unique and new ideas to create innovative long-term strategies.
Critical resource in enhancing the model governance framework including improving design of all policies, procedures and processes.
Serve as primary resource, and internal subject matter expert, for all matters relating to governance of analytical risk, including MRM, and will represent the analytical risk management program in high-level meetings with senior leadership, the Executive Team, external auditors and regulators.
Manage all aspects of the Model Inventory according to the model lifecycle including: Model discovery, determination, risk-tiering, onboarding, model owner assignment, model owner training, model retirement and MRM reporting, among other lifecycle responsibilities.
Review model documentation created by model owners to ensure it meets regulatory and internal standards.
Own the annual model review process.
Build out the ongoing model monitoring program to ensure acceptable performance of all models in the inventory; regularly review monitoring results with model owners and follow up on performance issues as needed.
Review change control logs and make determinations regarding the level of review needed based upon the materiality of the change.
Manage the status of all outstanding model risk issues, review issues submitted for closure and work with model owners to ensure issues are appropriately remediated.
May, at times, assist with some model validation activities as necessary.
Will have significant influence and participation in complex long-term projects that directly impact the Association’s reputation.

Benefits

Commitment to agriculture and the communities we serve
Family friendly work environment
Investment in employee development
Medical, Dental and Vision coverage
Outstanding 401k – automatic 3% employer contribution, plus match up to 6%
Generous Paid Time Off (Vacation accrued at 26 days annually, Sick Days accrued at 15 days annually, 12 paid holidays, plus 16 hours of volunteer time)
Competitive Incentive Compensation Plan
Disability & Life Insurance
Employee mental, physical, and financial wellness programs
The position is bonus eligible based on association and personal performance