Western Alliance Bank

  • Model Validation Quantitative Analyst

    Req No.
    2018-4513
    Affiliate
    Western Alliance Bank
    Category
    Risk Management & Compliance
    Type
    Regular Full Time
    City
    Phoenix
  • Overview

    Western Alliance Bank (WAL) is seeking a Model Validation Quantitative Analyst for validation of corporate models, both quantitative and qualitative. The model validator will have experience and knowledge of credit loss modeling and validation for commercial or consumer portfolios (e.g., default models, transition models, loss-give-default models), as well as familiarity with various vendor models. This position will work with a manager or a senior quantitative analyst.

    Responsibilities

    • Provides financial, analytical, model validation expertise to qualitative and quantitative models

    • Demonstrates in-depth understanding of the whole function and/or key business areas supported

    • Designs and performs testing of all model components

    • Designs and performs statistical model assumptions’ tests for soundness of model theory

    • Assesses adequacy of model documentation

    • Writes high quality model validation reports and/or presentations, consistent with the groups guidelines and templates

    • Provides financial, analytical, planning, and forecasting expertise to assist in the development of projects

    • Explores best practice modeling techniques for model enhancement

    • Provide support for and implementation of model risk management policies and procedures

    • Work with and oversee consulting resources as needed

    Qualifications

    • Graduate’s degree in statistics, financial, economics, or other quantitative fields (PhD preferred)

    • 3+ years experience in the financial services industry

    • Proven ability to employ complex analytical tools and statistics to perform analysis and forecasting of financial and other business information

    • Excellent quantitative modeling, analytical, research, and programming skills (e.g., SAS, R, Stata, Matlab)

    • Strong communication skills both verbal and written

    • Good project management skills, with the ability to work independently on multiple tasks and/or projects

    • Knowledge of financial markets and products

    • Be able to take initiative and meet deadlines

    • Detail oriented 

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