Senior Audit Specialist-Quantitative Risk Modeling

Huntington Bancshares - Addison, TX

Full-time - Mid Level

Hybrid - Addison, TX

Management of Companies and Enterprises

About the position

The Senior Audit Specialist for Quantitative Risk Modeling at Huntington National Bank is responsible for identifying and mitigating model and business risks. This role involves collaborating with various stakeholders, including external regulators, to review different model types such as Deposit, Capital Stress Testing, Credit Risk, and AI/ML models. The specialist will serve as a trusted advisor and subject matter expert, ensuring effective model assurance and governance while supporting the Senior Audit Manager in executing the model strategy.

Responsibilities

• Own and drive effective assurance and quantitative testing for various model suites across the model inventory, including model validation reviews, ongoing performance monitoring reviews, model governance reviews, and finding validations.
• Serve as a subject matter expert, partnering with internal audit teams to perform model assurance testing and provide model risk opinion in auditable entities.
• Support the Senior Audit Manager in executing the model strategy.
• Demonstrate strong project management skills to manage multiple projects concurrently, meeting department deadlines while ensuring quality deliverables.
• Deliver thoughtful and organized messages to senior management, both in writing and verbally.
• Develop and maintain strong working relationships with key management members and the Internal Audit department to effectively execute model review responsibilities.
• Evaluate model review results to identify issues, themes, and trends, developing actionable recommendations for improvement.
• Maintain adequate knowledge in critical areas to execute the assigned model review plan.
• Interact directly with management during engagements, providing dynamic feedback to enhance evolving processes.
• Utilize knowledge of strategic planning, resource allocation, and coordination of personnel and resources to drive effective audit outcomes.

Requirements

• Bachelor's degree in mathematics, statistics, or a related field.
• 5+ years of experience in quantitative modeling, model risk, or model internal audit, with experience as a quantitative risk analyst in the financial services industry.
• Strong understanding of financial predictive modeling fields, including consumer behavioral modeling, time series forecasting, optimization theory, panel data analysis, and decision science, as well as AI and machine learning modeling.
• Detailed knowledge of model governance processes and regulatory requirements for U.S. banks, specifically SR 11-7 Supervisory Guidance on Model Risk Management.
• Clear understanding of methodology and regulatory expectations in executing model-related audit work, issue validation, MRA validation, and responding to regulatory inquiries.
• Excellent proficiency in Microsoft Office suite products and Adobe Acrobat.
• Excellent analytical, critical thinking, and problem-solving skills.
• Strong verbal and written communication skills, with demonstrated ability to articulate findings effectively.
• Ability to work in a collaborative, team-oriented, hybrid work environment.
• Professional certification (e.g., CIA, CPA, CAMS, CFE, CRCM, etc.) or completion of certification within 24 months of hire.

Nice-to-haves

• Advanced degree in a quantitative field such as economics, statistics, finance, mathematics, or physics.
• Comprehensive knowledge of deposit models, capital stress testing (CCAR) models, credit risk (CECL) models, and interest rate risk models.
• Advanced skills with one or more analytical tools (e.g., SQL, SAS, R, Python, or MATLAB).
• Strong knowledge of risk frameworks, such as COSO's Internal Control - Integrated Framework.

Benefits

• Hybrid work environment
• Equal opportunity employer
• Tobacco-Free Hiring Practice