Senior Model Risk Consultant at First Horizon Bank
United States
<p><span style="color: #000000;"><strong>Location:</strong> On site at location listed in job posting </span></p> <p><span style="color: #000000;"><strong>SUMMARY</strong> </span></p> <div> <p><span style="color: #000000;">At First Horizon, the Senior Model Risk Consultant, under the supervision of the Director of Model Risk Management, will be responsible for executing best-in-class model validation activities to ensure models across First Horizon are conceptually sound relative to their intended use and performing as expected as well as ensuring compliance with our bank-wide model risk management framework including its policies and procedures. This key member of the Model Risk Management team will work closely with model developers, owners, and business units to ensure effective governance and minimize model risk. </span></p> <p><span style="color: #000000;"><strong>Primary Responsibilities</strong></span></p> <ul> <li><span style="color: #000000;">Validates CECL, Stress Testing, and other economic models used by the Bank using various statistical and advanced testing techniques</span></li> <li><span style="color: #000000;">Critically evaluates the conceptual soundness of models and evaluates alternative theories</span></li> <li><span style="color: #000000;">Designs and executes appropriate tests to determine whether models work as designed and monitors existing models for adequate performance</span></li> <li><span style="color: #000000;">Work collaboratively with other model risk analysts as well as model owners, developers, and users</span></li> </ul> <p><span style="color: #000000;"><strong>Requirements</strong></span></p> <ul> <li><span style="color: #000000;">Master’s degree in Mathematics, Computational Finance, Econometrics, Mathematics, Statistics, or related field</span></li> <li><span style="color: #000000;">Three years of work experience validating econometric or time series regression models. Relevant PhD work can be substituted for work experience.</span></li> <li><span style="color: #000000;">Strong knowledge of regulatory requirements for Model Risk Management with proven track records of delivering regulatory requirements</span></li> <li><span style="color: #000000;">Strong critical thinking skills and a detail-oriented nature to challenge models developed internally and by vendors</span></li> <li><span style="color: #000000;">Excellent verbal and written communication skills are necessary (ability to explain complex ideas in simple, non-technical language)</span></li> <li><span style="color: #000000;">In depth knowledge of at least two of the following: DFAST, CCAR, CECL, AML</span></li> </ul> <p><span style="color: #000000;"><strong>Preferences</strong></span></p> <ul> <li><span style="color: #000000;">PhD degree in Mathematics, Computational Finance, Econometrics, Statistics, or related field</span></li> <li><span style="color: #000000;">Five years of experience validating econometric or time series regression models</span></li> </ul> <p><span style="color: #000000;"><strong>Skills and Competencies</strong></span></p> <ul> <li><span style="color: #000000;">Strong ability and training in time series regression models</span></li> <li><span style="color: #000000;">Proficiency in Python and R</span></li> <li><span style="color: #000000;">Ability to learn additional systems as needed</span></li> <li><span style="color: #000000;">Ability to research, analyze data, and derive facts</span></li> <li><span style="color: #000000;">Ability to work under pressure and meet deadlines</span></li> <li><span style="color: #000000;">Strong verbal, written communication, and organizational skills</span></li> <li><span style="color: #000000;">Strong work ethic and self-motivation</span></li> </ul> <p><span style="color: #000000;"><strong>Hours</strong></span></p> <ul> <li><span style="color: #000000;">Monday - Friday</span></li> <li><span style="color: #000000;">9:00 AM - 5:00 PM</span></li> </ul> <p><span style="color: #000000;"><strong>About Us<br /></strong>First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at </span><a href="https://urldefense.com/v3/__https:/www.firsthorizon.com/__;!!Cz2fjcuE!hpq9hPnrucZCPIAVPojVESItIq-FPzhurNdCrQ3JE8Rkx3gMd70nIk6_kmPxl66_oJCEsXs0gNunPowMAMHCmBYPOtUxUGI$" target="_blank" rel="noopener">www.FirstHorizon.com</a>. </p> <p><span style="color: #000000;"><strong>Benefit Highlights</strong></span><br /><span style="color: #000000;">• Medical with wellness incentives, dental, and vision</span><br /><span style="color: #000000;">• HSA with company match</span><br /><span style="color: #000000;">• Maternity and parental leave</span><br /><span style="color: #000000;">• Tuition reimbursement</span><br /><span style="color: #000000;">• Mentor program</span><br /><span style="color: #000000;">• 401(k) with 6% match</span><br /><span style="color: #000000;">• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits </span></p> <p><strong><span style="color: #000000;">Follow Us</span><br /></strong><a href="https://www.facebook.com/FirstHorizonBank" target="_blank" rel="noopener">Facebook</a><br /><a href="https://twitter.com/FirstHorizonBnk" target="_blank" rel="noopener">X formerly Twitter</a><br /><a href="http://www.linkedin.com/company/first-horizon-bank" target="_blank" rel="noopener">LinkedIn</a><br /><a href="https://www.instagram.com/first_horizon/" target="_blank" rel="noopener">Instagram</a><br /><a href="https://www.youtube.com/channel/UCEVs5OMj-b0H9Dr5Q209_-Q" target="_blank" rel="noopener">YouTube</a><span> </span></p> <p> </p> </div>
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