Senior Model Validation and Assurance Analyst

Senior Model Validation and Assurance Analyst page is loaded## Senior Model Validation and Assurance Analyst locations:
Topeka, Kansas time type:
Full time posted on:
Posted 5 Days Agojob requisition :
JR100281#
** Job Description
** This position supports the FHLBank’s model risk management program by performing and completing the following primary activities including but not limited to: (1) independently leading or driving end-to-end validations of complex quantitative financial models across market risk and asset-liability management (ALM) domains; (2) managing and overseeing model validations performed by third-party consultants; (3) designing and evaluating framework and/or methods for monitoring the performance of quantitative financial models and thresholds established to identify when models perform outside of expectations;

(4) evaluating the significance of proposed model changes (both quantitatively and qualitatively); (5) reviewing the underlying theory, calculations, formulas, logic, structure and/or source of input data of complex end user applications (EUA), such as Microsoft Excel spreadsheets, Python code and other scripting languages, to ensure EUAs are properly designed and operate as intended; and (6) communicating model validation findings to model stake holders including model owners, users and Model Risk Management Committee (MRMC).#

** Qualifications
* ** Three to five years of similar or related experience in financial modeling, risk analytics and/or model validation. Preferred hands-on experience with ALM systems (e.g., Poly Paths, QRM, Principia etc.) and balance sheet modeling. Proficiency in Python, R, SQL and experience with machine learning libraries and statistical packages.
* Advanced degree (Master’s or Ph.D.) in finance, mathematics, computer science, economics or other related discipline. Completed course work in quantitative risk management, computational finance, time-series modeling, statistics, econometrics, logistic regression and/or machine learning preferred. Ph.D. Degree is preferred.
* Intermediate to advanced knowledge of financial models and their constructs (such as the mathematical theory, business assumptions and implementation techniques, etc.) used for modeling of interest rates swaps, mortgage loans and/or deriving credit ratings or collateral haircuts.
* Knowledge of quantitative risk management for financial industry (e.g., market risk and credit risk). Understanding and/or exposure to duration, convexity, Value-at-Risk (VaR) for risk measurement would be beneficial.
* Ability to understand and/or analyze information from databases and complex spreadsheets including embedded formulas/calculations/automation.
* Knowledge or experience of a programming language such as VBA, SQL, MATLAB, Python, R, etc.
* Demonstrated written and oral communication skills.
* Ability to work with a variety of business partners and external parties to achieve departmental and corporate goals.
* Inquiring mindset with the ability to think logically.
* Experience using MS Office including Word, Access, Excel, etc.
* Experience with generative Artificial Intelligence.
* Must be able to work independently.#
** Why work here
** FHLBank Topeka strives to be an employer of choice by offering industry leading benefits such as generous vacation and volunteer hours. Below are a few more of our benefits.
* Bankwide incentive compensation program
* 401K retirement plan with competitive company match
* Multiple health insurance offerings, including free telemedicine benefits
* Paid Time Off:
Vacation, sick, personal, volunteer and bereavement leave
* Short-term and long-term disability coverage
* Voluntary life insurance
* Incentive-based wellness program
* Paid maternity and parent bonding leave
* Tuition reimbursement and student loan assistance
* Onsite fitness center with shower facilities and onsite yoga classes
* Summer hours
* Onsite café#
** How we work
** At FHLBank Topeka, employees are business partners. We believe we are successful when we partner with one another and understand that our differences only make us stronger*.*
* * Flexible Remote Workday* | Business partners may work remote one…