2/2/2024 0 Comments Pastor jobsLeads model validations, model control testing, and model risk reportingĮxecutes model validations timely by creating model test plans and data requests, reviewing model and methodology documents/technical specifications, understanding the model components and model and process flow chart, understanding the intended use of the model and materiality of the business impact, selecting and performing appropriate model validation procedures, performing the model validations, summarizing and documenting the procedures and findings, identifying the areas of weakness, working with model owner and user to create a mitigation plan and monitoring the process, assessing the business impact and reporting to MRM and business unit leads, and communicating the steps to relevant partiesĬoordinates with the business model owner and user team to establish the first-line independent model validation processĬoordinates with GIRM and OTHER model validation needsĪssigns, directs and monitors model validations performed by others such as proper internal and/or external resource ![]() This role will report to the SVP Corporate Capital Modeling, with dotted line reporting to the Global Enterprise Risk Senior Manager in order to ensure alignment with the overall Model Risk Management program and communicate closely on all validation work/findings. ![]() Serves as a designated leader to enhance the existing model risk validation process organizationally so that it adds sustainable business value and changes the culture of model development, model control, and model maintenance. Coordinates with GI Risk Management and OTHER model validation leads for coordinating efforts and sharing best practices. Models owned by Global Investment (GI) andĪre not in scope of the model validation efforts of this role because GI models are reviewed by GI Risk Management (GIRM) and and our US business units as part of the Model Risk Management (MRM) program. Leads and performs model validations for key models owned by finance, actuarial, and risk functions of the Inc. ![]() Work for one of the top Fortune 500 companies!īe around people that are supportive and collaborative!
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