Sign upLog in

Senior Model Validation Analyst

First Horizon Bank

Charlotte, NC

Apply
JOB DETAILS
SKILLS
Analysis Skills, Bank Stress Testing, Banking Services, Brokerage, Capital Markets, Commercial Banking, Communication Skills, Consulting, Data Analysis, Detail Oriented, Econometrics, Economic Modeling, Finance, Financial Services, Fixed Income Investments, Maintain Compliance, Mathematics, Model Validation, Mortgage, Organizational Skills, Performance Modeling, Presentation/Verbal Skills, Private Banking, Python Programming/Scripting Language, Quality Assurance Methodology, R Programming Language, Regulatory Requirements, Research Skills, Retail, Risk Analysis, Risk Management, Risk Management Framework (RMF), Risk Modeling, Small Business, Statistics, Testing, Time Management, Wealth Management, Writing Skills
LOCATION
Charlotte, NC
POSTED
3 days ago
Location: On site at location listed in job posting

SUMMARY

At First Horizon, the Senior Model Risk Consultant, under the supervision of the Director of Model Risk Management, will be responsible for executing best-in-class model validation activities to ensure models across First Horizon are conceptually sound relative to their intended use and performing as expected as well as ensuring compliance with our bank-wide model risk management framework including its policies and procedures. This key member of the Model Risk Management team will work closely with model developers, owners, and business units to ensure effective governance and minimize model risk.

Primary Responsibilities
  • Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques
  • Critically evaluates the conceptual soundness of models and evaluates alternative theories
  • Designs and executes appropriate tests to determine whether models work as designed and monitors existing models for adequate performance
  • Work collaboratively with other model risk analysts as well as model owners, developers, and users

Requirements
  • Master's degree in Mathematics, Computational Finance, Econometrics, Mathematics, Statistics, or related field
  • Three years of work experience validating econometric or time series regression models. Relevant PhD work can be substituted for work experience.
  • Strong knowledge of regulatory requirements for Model Risk Management with proven track records of delivering regulatory requirements
  • Strong critical thinking skills and a detail-oriented nature to challenge models developed internally and by vendors
  • Excellent verbal and written communication skills are necessary (ability to explain complex ideas in simple, non-technical language)
  • In depth knowledge of at least two of the following: DFAST, CCAR, CECL, AML

Preferences
  • PhD degree in Mathematics, Computational Finance, Econometrics, Statistics, or related field
  • Five years of experience validating econometric or time series regression models

Skills and Competencies
  • Strong ability and training in time series regression models
  • Proficiency in Python and R
  • Ability to learn additional systems as needed
  • Ability to research, analyze data, and derive facts
  • Ability to work under pressure and meet deadlines
  • Strong verbal, written communication, and organizational skills
  • Strong work ethic and self-motivation

Hours
  • Monday - Friday
  • 9:00 AM - 5:00 PM

About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .

Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

Follow Us
Facebook
X formerly Twitter
LinkedIn
Instagram
YouTube

About the Company

F

First Horizon Bank