Model Risk Consultant – Financial Crime​/Operational Risk

Location

On site at location listed in job posting

At First Horizon, the Senior Model Risk Consultant, under the supervision of the Director of Model Risk Management, will be responsible for executing best-in-class model validation activities to ensure models across First Horizon are conceptually sound relative to their intended use and performing as expected as well as ensuring compliance with our bank-wide model risk management framework including its policies and procedures.

This key member of the Model Risk Management team will work closely with model developers, owners, and business units to ensure effective governance and minimize model risk.

• Validates Fraud, Financial Crimes, and AML/BSA models used by the Bank using various statistical and advanced testing techniques
• Critically evaluates the conceptual soundness of models and evaluates alternative theories
• Designs and executes appropriate tests to determine whether models work as designed and monitors existing models for adequate performance
• Work collaboratively with other model risk analysts as well as model owners, developers, and users

• Master’s degree in Mathematics, Computational Finance, Econometrics, Mathematics, Statistics, or related field
• Three years of work experience in model validation. Relevant PhD work can be substituted for work experience.
• Strong knowledge of regulatory requirements for Model Risk Management with proven track records of delivering regulatory requirements
• Strong critical thinking skills and a detail-oriented nature to challenge models developed internally and by vendors
• Excellent verbal and written communication skills are necessary (ability to explain complex ideas in simple, non-technical language)
• In depth knowledge of modeling approaches to Fraud and AML/BSA

• PhD degree in Mathematics, Computational Finance, Econometrics, Statistics, or related field
• Five years of model validation experience

• Proficiency in Python and R
• Ability to learn additional systems as needed
• Ability to research, analyze data, and derive facts
• Ability to work under pressure and meet deadlines
• Strong verbal, written communication, and organizational skills
• Strong work ethic and self-motivation

• Monday - Friday
• 9:00 AM - 5:00 PM

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More --

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