Model Risk Analyst in Birmingham, AL at First Horizon National Corporation

Date Posted: 7/30/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    2000 International Park Drive
    Birmingham, AL
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    7/30/2020
  • Job ID:
    MODEL02218

Job Description

The purpose of the Model Risk Analyst is to validate statistical and other types of models owned by the Company so that potential financial loss and other unintended consequences due to model risk are mitigated.  Model Risk Management is mandated by federal regulation and summarized in the regulatory guidance SR 11-7, Model Risk Management.  Models within the Company play a critical role in such areas as Credit risk Management, CECL, Asset Liability Management, Capital Planning, and Compliance. 

Duties & Responsibilities:

(90%) Responsible for independent validation of assigned models.  A validation will include a critical evaluation and testing of assumptions, theory, developmental evidence, expert judgement and other components of a model using advance statistical and other quantitative tools and methods that effectively challenge the model's design and use. The Model Risk Analyst draws conclusions based on their evaluation and test results as to the model's appropriateness for use. Conclusions and recommendations are communicated through written reports supported by thorough, documented narrative.  An oral presentation of results may also be required. 

(10%) Responsible for other evaluating aggregate model risk by comparing common inputs and assumptions across the model universe.

Knowledge/Skills/Abilities:

Proficiency in SAS, R, Python, or other appropriate application required; Excellent writing skills are required.  Must have excellent oral communication skills

Hours:

Monday - Friday 8:00 AM -5:00 PM

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)