Model Risk Review Specialist II

## Model Risk Review Specialist IIApply:
Office:
Columbus, OH:
Full time:
Posted Today:
R0075703#
** Description
* **
* Summary:

** Model Risk Management (MRM) is part of the Corporate Risk Management of Huntington and is responsible for the independent oversight of models and non-statistical tools developed, acquired, and used by Huntington.

The Model Risk Review Specialist II will take on a more advanced role in independently and collaboratively reviewing and validating models/quantitative frameworks spanning credit, interest rate, market risk, economic capital, capital market valuation, and other models as they arise within the organization. This position requires a deeper understanding and more extensive experience in model risk management, along with the ability to lead projects and mentor junior analysts.
*
* Duties and Responsibilities:

*** Advanced Model Review and Validation:
Independently and collaboratively review and validate complex models, ensuring adherence to corporate policies and regulatory standards.
* Critical Analysis and Feedback:
Provide in-depth qualitative and quantitative feedback on models, challenging assumptions and methodologies used by both internal and external parties.
* Research and Remediation:
Conduct advanced research and formulate comprehensive remediation plans for critical issues related to model development, implementation, and usage.
* Communication:
Effectively communicate the results of review/validation analyses through detailed verbal and written presentations, recommending robust remediation strategies.
* Documentation:
Lead the compilation and ongoing maintenance of comprehensive model documentation, ensuring accuracy and completeness.
* Mentorship:
Mentor junior analysts, providing guidance and support in their model review and validation activities.
* Resource on Model Concepts:
Serve as a key resource on advanced model concepts and assumption changes, understanding and communicating their impacts.
* Business Context:
Collaborate closely with business owners, model users, and developers to understand the business context for model use and facilitate the model approval process.
* Identify and Address Issues:
Identify modeling gaps, errors, or oversights and recommend effective solutions.
* Emerging Issues:
Proactively identify and communicate emerging model risk issues to model developers, senior management, and the appropriate risk committee.
* Quantitative Strategies:
Stay updated on the latest quantitative strategies and translate them through coding using tools like R, MATLAB, SAS, and Excel.
* Leadership:
Lead model risk projects, ensuring timely completion and adherence to standards.
* Performs other duties as assigned.
*
* Basic Qualifications:

*** Master’s degree in a quantitative field (mathematics, statistics, economics, engineering, finance, physics).
* Minimum of 3 years of relevant analytical work experience in model validation or model development roles.
*
* Preferred Qualifications:

*** Understanding of financial modeling theory and general solutions
* Experience in Risk Management or a Business Unit of a financial institution working with high impact models in the following risk areas credit, interest rate, market risk, economic capital or capital market valuation
* Familiar with related regulatory requirements on model risk management
* Understanding of statistical concepts and data analysis and demonstrated the ability to apply such concepts
* Have performed independent research and development when needed to solve problems and the ability to translate that into code
* Proficiency in statistical software packages (e.g. SAS, R, etc.), query tools and software, MS Excel
* Excellent communication skills with the ability to communicate findings clearly…