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in Riverwoods, IL
Proj Mgr, Model Governance
•30 days ago
Hours | Full-time |
---|---|
Location | Riverwoods, IL Riverwoods, Illinois |
About this job
Model Risk Management group has enterprise-wide oversight responsibility for all aspects of model risk including model governance, model validation and model performance monitoring. This group validates and approves all qualifying models used across different areas of the enterprise. The scope of the team includes model validation, risk ratings, model inventory management, model disclosures, model usage tracking and controls.
This role in the Model Risk Management team will conduct the model validation activities for enterprise wide scorecards and models according to the governance framework, policies and procedures.
Qualifications
Major areas of responsibility for this role include:
• Perform independent validations on statistical and financial models across different business areas models from areas of finance, treasury, acquisitions, marketing, fraud, loss forecast, risk and collections in different lines of businesses like credit cards, network, payments, loans and banking.
• Query data from multiple sources and platforms (SAS, Teradata, Essbase, Excel, and others) to find the right information for the problems.
• Write and present model validation reports, and provide value-added recommendations to model owners and developers.
• Interpret model validation test results and establish required action plans with model owners and developers.
• Maintain and enhance the enterprise-wide model inventory. Maintain working papers and records of model validation results.
• Build benchmark models, when necessary using the best practice approach in the appropriate areas.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.