Senior Analyst, Model Risk – Analytical Tool Validation
At Ally Financial, we believe in empowering our customers with innovative and reliable financial solutions. As a Senior Analyst, Model Risk – Analytical Tool Validation, you will play a crucial role in ensuring the accuracy and effectiveness of our analytical tools. We are seeking a highly skilled and experienced professional who is passionate about mitigating risk and driving continuous improvement. If you have a strong background in model validation and a keen eye for detail, we invite you to join our dynamic team and make a meaningful impact in the world of finance.
- Conduct thorough validation and testing of analytical tools to ensure accuracy and effectiveness.
- Identify and mitigate potential risks associated with the use of analytical tools.
- Collaborate with cross-functional teams to develop and implement validation strategies.
- Analyze and interpret complex data to identify areas for improvement in the use of analytical tools.
- Develop and maintain documentation of validation processes and results.
- Stay updated on industry best practices and regulatory requirements related to model validation.
- Provide recommendations for enhancements and updates to existing analytical tools.
- Communicate validation findings and recommendations to relevant stakeholders.
- Lead and mentor junior team members in model validation techniques.
- Participate in meetings and presentations to share validation results and insights with stakeholders.
- Identify and implement process improvements to streamline model validation procedures.
- Collaborate with internal and external auditors to ensure compliance with regulatory requirements.
- Conduct ad-hoc analyses as needed to support decision-making and risk management.
- Act as a subject matter expert on model validation and provide training to team members as needed.
- Proactively identify and escalate potential issues or concerns related to model risk to senior management.
Extensive Knowledge Of Analytical Tools: A Senior Analyst, Model Risk – Analytical Tool Validation Should Have A Deep Understanding Of Various Analytical Tools, Including Statistical Models, Machine Learning Algorithms, And Data Mining Techniques. They Should Be Able To Evaluate The Effectiveness And Accuracy Of These Tools To Support Model Risk Management Processes.
Experience In Model Risk Management: The Ideal Candidate Should Have A Strong Background In Model Risk Management, With A Focus On Model Validation And Governance. They Should Be Familiar With Regulatory Requirements And Best Practices Related To Model Risk Management, Such As Occ 2011-12 And Sr 11-7.
Strong Analytical Skills: The Senior Analyst, Model Risk – Analytical Tool Validation Should Possess Strong Analytical Skills, Including The Ability To Identify And Troubleshoot Potential Issues With Analytical Tools. They Should Be Able To Analyze Complex Data Sets, Identify Trends And Patterns, And Present Findings And Recommendations In A Clear And Concise Manner.
Communication And Collaboration Skills: This Role Requires Frequent Communication And Collaboration With Various Teams, Including Model Developers, Risk Managers, And Business Stakeholders. The Ideal Candidate Should Possess Excellent Communication Skills And Be Able To Build Strong Working Relationships To Effectively Facilitate Model Validation And Remediation Processes.
Education And Certification: A Bachelor's Or Master's Degree In A Quantitative Field Such As Mathematics, Statistics, Or Finance Is Typically Required For This Role. Professional Certifications Such As Frm Or Cfa Can Also Be Beneficial. Additionally, Experience With Programming Languages Such As Sas, R, Or Python Is Often Preferred.
Financial Analysis
Project Management
Data Analysis
Problem Solving
Quantitative Analysis
Technical Writing
Statistical modeling
Risk assessment
Regulatory compliance
Excel proficiency
Model validation
Communication
Conflict Resolution
Leadership
Time management
creativity
Critical thinking
Teamwork
Adaptability
Problem-Solving
Empathy
According to JobzMall, the average salary range for a Senior Analyst, Model Risk – Analytical Tool Validation in Charlotte, NC, USA is $95,000 to $130,000 per year. This range may vary depending on the specific company, experience level, and additional skills or certifications.
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Ally Financial provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.
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