Beal Bank - Plano, TX
posted 5 months ago
The Model Validation Analyst is a critical role within the Risk Management team, responsible for the validation and ongoing monitoring of various financial models utilized across the organization. This position requires a thorough understanding of model performance assessment, compliance with regulatory standards, and the mitigation of model risk through rigorous testing and analysis. The role is based onsite in our corporate offices located in Plano, TX, and involves collaboration with various stakeholders to ensure the integrity and reliability of financial models. In this position, the analyst will conduct independent validations of models, which include credit risk, market risk, operational risk, and stress testing models. The analyst will develop and implement validation methodologies that incorporate quantitative techniques and statistical tests to evaluate model performance and robustness. A key responsibility will be to review model documentation to ensure it adheres to internal standards and meets regulatory requirements. The analyst will perform back-testing, sensitivity analysis, and benchmarking of models to assess their accuracy and reliability. Identifying and communicating model limitations, assumptions, and potential risks to stakeholders is essential. The role also involves collaboration with model developers, owners, users, and other key stakeholders to address validation findings and recommend improvements. Additionally, the analyst will prepare comprehensive validation reports that document the validation process, findings, and recommendations. Supporting the ongoing monitoring of model performance and conducting periodic reviews to ensure models remain fit for purpose is also a critical aspect of this role. Participation in regulatory and internal audits related to model risk management will further enhance the effectiveness of the risk management framework within the organization.