JOE Listings (Job Openings for Economists)

February 1, 2018 - July 31, 2018

Charles Schwab

This listing is inactive.
Risk Management
Model Risk Management
Model Validation Analyst

JOE ID Number: 2018-01_111459935
Date Posted: 04/10/2018
Date Inactive: 07/31/2018
Position Title/Short Description
Title: Model Validation Analyst
Section: Full-Time Nonacademic
Location: Chicago, Illinois, UNITED STATES
JEL Classifications:
00 -- Default: Any Field
C0 -- General
Model Risk
Model Risk Management
Model Validation
Full Text of JOE Listing:

We are looking for a validation analyst to play a critical part in the growing responsibilities of the Model Risk Management team. The quantitative analyst will assist in several model governance activities in business areas including regulatory capital stress testing (CCAR/DFAST and Advanced Approaches). The independent model validations include reviewing model documentation for completeness, assessing the suitability of models for their intended purposes, performing stress testing and other sensitivity analysis, reviewing data inputs and outputs, and making recommendations for improvements. The model validator will need strong quantitative aptitude and a good understanding of how financial models are used in business and regulatory contexts.

Job responsibilities:
•Model validations following guidelines based on SR 11-7, to include an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment;
•Presenting work through formal model validation reports, as well as through presentations to model owners and senior management;
•Working effectively as a team member with other quantitative analysts at the company, as well as with external consultants;
•Evaluating model performance monitoring reports, and conducting model annual reviews;
• PhD in Economics/ Statistics/ Finance/ Physics/ Mathematics preferred.
• Expertise in times series analysis and predictive modeling is a plus.

Application Requirements:
  • External Application URL and Instructions Below
Application deadline: 07/31/2018
Application Instructions:
Requisition Number 20180125-530