Head of Model Validation

Ally Financial   •  

Charlotte, NC

11 - 15 years

Posted 176 days ago

This job is no longer available.

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

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