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Risk Analytics Modeling Specialist, Miami, Florida

Amerant Bank

Description

Risk Analytics Modeling Specialist, Miami, Florida

The Risk Analytics Modeling Specialist is primarily responsible to participate in performing effective Model Risk Management of bank-wide models, through every aspect of the model life cycle, from model development, implementation and use, to a rigorous model validation, including specific governance and controls, in order to comply with Amerant Bank's Model Risk Management Policy and regulatory guidance. Will also be responsible for collaborating in developing quantitative analysis/models for the Risk departments.

Duties and responsibilities include:

  • Perform, with manager guidance, periodic independent model validation, including evaluation of conceptual soundness, data quality & integrity, syntax validation, and model performance, in accordance with internal policy and regulatory guidelines to ensure ongoing model effectiveness.
  • Review the underlying assumptions, theory, derivation, empirical evidence, implementation, limitations, governance and controls of the model being validated.
  • Perform back-testing, model bench-marking, and sensitivity analysis of the model being validated.
  • Develop challenger models and methodologies with their appropriate documentation to identify improvements.
  • Prepare validation report and communicate results of the validation to the model owner, as well as, prepare the presentation for Senior Management Committees and the action plan for the model being validated
  • Work closely with the model owners/users (business, Market Risk, Credit Risk, Finance, BSA, Fraud Prevention, among others) to understand model details and to develop and implement recommendations.
  • Collaborate with the unit to ensure compliance of model development standards and procedures with regulatory requirements, as well as, ensure a correct model implementation and use.
  • Participate in the training plan for the Risk Analytics team to ensure appropriate and effective use of the analytical tools and new techniques in accordance with their intended objectives.
  • Participate in the development of reports and special assignments.
  • Follow-up action plans to ensure findings/recommendations are completed on time and satisfactory.

Educational Background:

Bachelor's Degree (masters preferred) in statistics, mathematics, finance, risk, engineering, or related discipline.

Work Experience:

Minimum three years of work experience is required in quantitative modelling and/or developing Risk Management Models and/or performing Model Validation at Financial Institutions or companies servicing Financial Institutions.

Functional Skills & Knowledge Requirements:

  • Exhibit excellent mathematical, statistical and analytical skills; exposure to quantitative analysis and risk management; and knowledge of predictive modeling, segmentation and simulation techniques; use of statistical tools (SAS); data bases (SQL); and advanced use of Excel and PowerPoint.
  • Extracting, Structuring information from Databases (SQL).
  • SAS programmer is strongly preferred.
  • Knowledge and experience with various models -- Credit Risk, Market Risk, Operational Risk, PPNR, and analysis tools including SAS and Excel applications preferred.
  • Must be a team player, have the ability to work under pressure, have a professional image and be able to resolve problems and conflicts.
  • Must be able to prioritize work and effectively manage time and have the ability to manage change.
  • Must possess good business communications skills - both oral and written; as well good listening skills, and basic office and customer service skills.
  • Basic professional skills such as report writing; effective presentation skills; creative skills; conducting effective meetings; and research assessment.
  • Must be self-motivated, intellectually curious, well-organized, quick learning and results oriented.
  • Bilingual (Spanish and English).

Working Conditions:

Physical Demands: Air-conditioned office environment requiring the use of computers 90% of the time.

Requirements

 
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Job Snapshot

Location US-FL-Miami
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Banking

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Terms & Conditions
Snapshot
Amerant Bank
Company:
US-FL-Miami
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Banking
Store Type:

Description

Risk Analytics Modeling Specialist, Miami, Florida

The Risk Analytics Modeling Specialist is primarily responsible to participate in performing effective Model Risk Management of bank-wide models, through every aspect of the model life cycle, from model development, implementation and use, to a rigorous model validation, including specific governance and controls, in order to comply with Amerant Bank's Model Risk Management Policy and regulatory guidance. Will also be responsible for collaborating in developing quantitative analysis/models for the Risk departments.

Duties and responsibilities include:

  • Perform, with manager guidance, periodic independent model validation, including evaluation of conceptual soundness, data quality & integrity, syntax validation, and model performance, in accordance with internal policy and regulatory guidelines to ensure ongoing model effectiveness.
  • Review the underlying assumptions, theory, derivation, empirical evidence, implementation, limitations, governance and controls of the model being validated.
  • Perform back-testing, model bench-marking, and sensitivity analysis of the model being validated.
  • Develop challenger models and methodologies with their appropriate documentation to identify improvements.
  • Prepare validation report and communicate results of the validation to the model owner, as well as, prepare the presentation for Senior Management Committees and the action plan for the model being validated
  • Work closely with the model owners/users (business, Market Risk, Credit Risk, Finance, BSA, Fraud Prevention, among others) to understand model details and to develop and implement recommendations.
  • Collaborate with the unit to ensure compliance of model development standards and procedures with regulatory requirements, as well as, ensure a correct model implementation and use.
  • Participate in the training plan for the Risk Analytics team to ensure appropriate and effective use of the analytical tools and new techniques in accordance with their intended objectives.
  • Participate in the development of reports and special assignments.
  • Follow-up action plans to ensure findings/recommendations are completed on time and satisfactory.

Educational Background:

Bachelor's Degree (masters preferred) in statistics, mathematics, finance, risk, engineering, or related discipline.

Work Experience:

Minimum three years of work experience is required in quantitative modelling and/or developing Risk Management Models and/or performing Model Validation at Financial Institutions or companies servicing Financial Institutions.

Functional Skills & Knowledge Requirements:

  • Exhibit excellent mathematical, statistical and analytical skills; exposure to quantitative analysis and risk management; and knowledge of predictive modeling, segmentation and simulation techniques; use of statistical tools (SAS); data bases (SQL); and advanced use of Excel and PowerPoint.
  • Extracting, Structuring information from Databases (SQL).
  • SAS programmer is strongly preferred.
  • Knowledge and experience with various models -- Credit Risk, Market Risk, Operational Risk, PPNR, and analysis tools including SAS and Excel applications preferred.
  • Must be a team player, have the ability to work under pressure, have a professional image and be able to resolve problems and conflicts.
  • Must be able to prioritize work and effectively manage time and have the ability to manage change.
  • Must possess good business communications skills - both oral and written; as well good listening skills, and basic office and customer service skills.
  • Basic professional skills such as report writing; effective presentation skills; creative skills; conducting effective meetings; and research assessment.
  • Must be self-motivated, intellectually curious, well-organized, quick learning and results oriented.
  • Bilingual (Spanish and English).

Working Conditions:

Physical Demands: Air-conditioned office environment requiring the use of computers 90% of the time.

Requirements

 
Risk Analytics Modeling Specialist, Miami, Florida Apply now