Head of Model Validation

11 - 15 years experience  • 

Salary depends on experience
Posted on 05/22/18
Charlotte, NC
11 - 15 years experience
Salary depends on experience
Posted on 05/22/18

Position Description

The Head of Model Validation is responsible for leading the model validation function in the execution of best-practice model validation activities to ensure models across Ally are conceptually sound relative to their intended use and performing appropriately.

Job Responsibilities

  • Direct the Model Validation managers, each with a team of quantitative analysts, to effectively challenge the model development, implementation, and use processes.
  • Ensure accurate and consistent validation and performance of models across Ally.
  • Identify risks and provide recommendations to mitigate those risks.
  • Document and present findings to model risk management leaders.
  • Contribute to the model risk management framework for Ally, including annual validation plans, model inventory, and model risk ranking.
  • Develop and maintain effective partnerships with participants / stakeholders within Ally's model risk management community.

Qualifications

Education

  • Master's degree in finance, economics, statistics or related field required, Ph.D. preferred

 

Experience

  • 10+ years in the financial services industry; model validation-specific experiencerequired

 

Technical Competencies

  • Expertise with market, credit and operational risk measurement methodologies and quantitative analytics
  • Ability to assess model conceptual design, back-testing of model results, theoretical underpinnings and assumptions, model owner controls over data flows, model execution, and compliance of model results with intended application by model users
  • Demonstrated analytical approach to complex processes

 

Personal Competencies

  • Adept at working in a multi-faceted organization
  • Strong technical writing and verbal communication skills
  • Extreme attention to detail and willingness to review each word within a report
  • Experience in dealing with both internal stakeholders and external regulators

18-5546

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