BBVA Compass

Model Validation - Assoc Risk Officer II or Risk Officer I-II

Job ID
2017-111388
AL-BIRMINGHAM-CORPORATE HEADQUARTERS
Category
CORPORATE RISK
US-AL-BIRMINGHAM
FLSA Status
EXEMPT
Type
FULL TIME
EOE Statement
Equal Opportunity Employer - Minority/Female/Disability/Veterans.

Overview

At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.

Responsibilities

Model Validation Risk Officer

 

BBVA Compass Bank seeks a Quantitative Analyst/Senior Quantitative Analyst in Atlanta, GA to be responsible for independent model validation. The candidate must have previous experience in quantitative modeling. The candidate must possess excellent communication, writing and presentation skills.

 

Specific duties include:

 

  • Perform independent model validations on credit risk (Retail & Commercial portfolio), including origination, account management, collections, relationship and retention models; and on specialized models (ALLL, Fraud, AML, Economic and Regulatory Capital) and CCAR stress-testing models and processes.
  • Review the underlying assumptions, theory, empirical evidence, back testing and benchmarking the model performance.
  • Work with model developers to gather data, document and plan model validations, present the findings of these validations to senior management. 
  • Working closely with model users, developers and risk management colleagues to facilitate the model validation process
  • Staying abreast of changes in financial industry and regulatory environment and assessing the impact thereof on model risk.

Qualifications

Preferred Qualifications: 

  • 3+ years of statistical modeling experience in the financial services industry.
  • 2-3 years of hands-on model validation experience with a deep understanding of credit risk assessment processes and approaches
  • Familiarity with SR11-7/OCC2011-12 and SR15-19 guidance is highly desired.
  • Experience in developing and maintaining econometric models using discrete, cross-section, time series analysis and panel data for predictive and forecasting analytics.

Education, Skills and Abilities

 

  • Minimum Master’s degree in Economics, Quantitative Finance, Statistics, Mathematics or Physics.
  •  Ability to use modeling tools: SQL, VBA, Matlab, R and/or SAS, and Numerical methods.
  •  Knowledge of database management and financial risk methods a plus.

Position may be located in Atlanta, GA or Houston, TX with preference to Atlanta.

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