Senior Model Risk Governance & Validation Lead

AgFirst Farm Credit Bank; Columbia (SC); Hybrid; USD 180,000 - 260,000; Full time

Job summary

AgFirst Farm Credit Bank in Columbia, SC, seeks a Principal, Model Risk Management (Hybrid) to lead the bank's framework for model governance, validation, and lifecycle oversight. You will partner with Finance, Treasury, Credit, Technology, Data, AI, and Compliance to ensure robust model risk controls and regulatory compliance.

The role emphasizes independent challenge, model validation, and governance, with responsibility for coordinating external validation and reporting to senior management

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Data Science, Risk Management, Business, or related field.
• Master's degree preferred.

Responsibilities

• Coordinate independent model validations and periodic reviews performed by external validation providers, and independently perform validations of designated models.
• Develop and maintain a risk-based model validation and review schedule based on model risk ratings, complexity, materiality, regulatory expectations, and model lifecycle requirements.
• Execute end-to-end validation activities, including assessments of model design, conceptual soundness, methodology, assumptions, data quality, implementation, performance monitoring, and outcome analysis.
• Develop validation work programs, testing methodologies, and supporting documentation to support independent conclusions regarding model effectiveness and appropriateness.
• Provide independent challenge regarding model methodologies, assumptions, limitations, controls, performance monitoring practices, and compensating controls.

Skills

Model risk management

Independent validation

Quantitative analytics

Regulatory compliance

Stakeholder advisory

Education

Bachelor's degree

Master's degree

Job description

AgFirst Farm Credit Bank in Columbia, SC, seeks a Principal, Model Risk Management (Hybrid) to lead the bank's framework for model governance, validation, and lifecycle oversight. You will partner with Finance, Treasury, Credit, Technology, Data, AI, and Compliance to ensure robust model risk controls and regulatory compliance.

The role emphasizes independent challenge, model validation, and governance, with responsibility for coordinating external validation and reporting to senior management