Risk Quantitative Model Validation Analyst

$93,684 - $127,410/Yr

Regions Financial - Birmingham, AL

Full-time - Mid Level

Birmingham, AL

Credit Intermediation and Related Activities

About the position

The Risk Quantitative Model Validation Analyst at Regions is responsible for performing independent model risk oversight activities, including model identification, validation, and reporting. This role involves testing data products in various areas such as fraud monitoring, credit scoring, and market risk, utilizing advanced quantitative modeling methods and programming skills. The analyst collaborates with multiple teams to validate complex models, including those using Artificial Intelligence and Machine Learning, while ensuring compliance with regulatory standards.

Responsibilities

• Perform quantitative validation test work under guidance from validation manager and/or senior validation analyst.
• Summarize test results, conclusions, and issues in model validation reports.
• Work with large, structured, and unstructured datasets.
• Use quantitative and analytical techniques to validate models focused on business growth and customer engagement.
• Communicate model issues and limitations to key stakeholders and represent Regions with regulators as needed.
• Use Big Data tools (Hadoop, Spark, etc.) to validate data analytics solutions.
• Validate Machine Learning and Artificial Intelligence models.
• Continuously learn and provide value in a dynamic environment.
• Develop, engage, and retain fellow MRMV associates.

Requirements

• Bachelor's degree and six years of experience in a quantitative/analytical/STEM field OR Master's degree and four years of experience OR Ph.D. and two years of experience.
• Two years of working experience in Machine Learning, Deep Learning, or Artificial Intelligence.
• Two years of programming experience in Python, R, Matlab, SAS, or Java.
• One year of working experience in Big Data Technology (Hadoop, Hive, Spark, etc.).

Nice-to-haves

• PhD background in banking and/or financial services.
• Experience in Agile Software Development.
• Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) certification.

Benefits

• Health savings account
• Health insurance
• Dental insurance
• Flexible spending account
• Parental leave
• Employee assistance program
• Vision insurance
• 401(k) matching
• Life insurance