Senior Model Risk Validator & Governance Leader

Federal Home Loan Bank Of CINCINNAT; Cincinnati (OH); On-site; USD 110,000 - 170,000; Full time

Job summary

Federal Home Loan Bank Of Cincinnati in Cincinnati, OH seeks a Senior Analyst to independently validate, monitor, and guide model risk management. You will assess model accuracy, provide governance, and support pricing, risk measurement, and decision-making processes across the Bank.

You will collaborate with stakeholders, document validation findings, mentor junior staff, and drive process improvements in ERM.

Qualifications

• Master’s degree in finance, economics, mathematics, statistics, or financial engineering, or equivalent work experience.
• 7+ years of experience in model validation and/or development at a financial institution, rating agency, regulatory agency, or as a financial industry consultant.
• Strong understanding of financial models and their application in pricing, risk measurement, and decision-making.
• Proficiency in programming languages such as Python, R, or MATLAB, with experience in data manipulation, statistical analysis, and model development.
• Advanced Microsoft Office skills (Excel and Word).
• Excellent written and verbal communication skills.

Responsibilities

• Model Validation and Governance: Independently perform validation and governance efforts related to Bank models, reviewing assumptions, methodologies, and implementation.
• Model Risk Management Framework: Contribute to development and enhancement of model risk management processes and policies.
• Regulatory Compliance: Coordinate with stakeholders to ensure compliance with regulatory model risk requirements (FHFA AB 2013-07; FHFA AB 2022-03).
• Risk Identification and Measurement: Identify and assess risks associated with financial models.
• Model Documentation and Reporting: Prepare comprehensive model validation reports with findings and recommendations.
• Collaboration and Leadership: Provide guidance and mentorship to junior team members and collaborate with stakeholders.

Skills

Python

R language

MATLAB

Excel

Model validation

Communication

Teamwork

Problem solving

Regulatory knowledge

Education

Master's degree in finance

Tools

Word

Job description

Federal Home Loan Bank Of Cincinnati in Cincinnati, OH seeks a Senior Analyst to independently validate, monitor, and guide model risk management. You will assess model accuracy, provide governance, and support pricing, risk measurement, and decision-making processes across the Bank.

You will collaborate with stakeholders, document validation findings, mentor junior staff, and drive process improvements in ERM.