Primary Responsibilities:
- Conduct initial and ongoing validation of quantitative models.
- Develop, design, and prototype alternative models.
- Perform quantitative analysis and review of model frameworks, assumptions, data, and outcomes.
- Test numerical implementations of models and review associated documentation.
- Ensure compliance with governance requirements.
- Document findings in validation reports, including recommendations for model enhancements.
- Validate models in accordance with regulatory standards and industry best practices.
- Monitor the implementation of validation recommendations.
- Prepare model risk reports for the Model Oversight Committee and the Board.
