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Quantitative Model Analyst

Company: Valley Bank
Location: Wayne
Posted on: May 28, 2023

Job Description:

The Jr. Quantitative Model and Validation Analyst will be responsible for providing independent analyses and validation of financial models along with other high-level quantitative functions to support the various financial models and units of the Bank.
Responsibilities include but not limited to:

  • Conduct independent quantitative and qualitative validation of Bank's financial models under the guidance of the Quantitative Analyst of Model Risk Management.
  • Develop challenger models to facilitate validation of models presented by Line of Business.
  • Documents all steps of the independent model validation process in accordance with the approved Model Risk Management policy and standards.
  • Draft model validation reports for review by Quantitative Analyst.
  • Maintains current research in financial products and continue to enhance modeling skills and techniques to be utilized in function.
  • Provides various quantitative support to other departments, including modeling techniques, deep-dive analyses, tools to increase efficiency, special topics on market or credit risk, and others.
  • Assist Quantitative Analyst on reviewing/updating Model Risk Management policies and procedures.
  • Assist Quantitative Analyst in monitoring the Bank's model risk inventory, schedule and list of model findings.

Keywords: Valley Bank, Wayne , Quantitative Model Analyst, Professions , Wayne, New Jersey

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