Primary Responsibilities:
*Conduct initial and ongoing validation of quantitative models.
*Develop, design, and prototype alternative models.
*Perform quantitative analysis and review of model frameworks, assumptions, data, and outcomes.
*Test numerical implementations of models and review associated documentation.
*Ensure compliance with governance requirements.
*Document findings in validation reports, including recommendations for model enhancements.
*Validate models in accordance with regulatory standards and industry best practices.
*Monitor the implementation of validation recommendations.
*Prepare model risk reports for the Model Oversight Committee and the Board.