Lead Model Job Description
Lead model
provides the Head of Validation with support on presentations and ongoing communications with risk committees, auditors, and senior management of the bank regarding model risk and its potential effects on the risk profile of the bank.
Lead Model Duties & Responsibilities
To write an effective lead model job description, begin by listing detailed duties, responsibilities and expectations. We have included lead model job description templates that you can modify and use.
Sample responsibilities for this position include:
Prepare and present status updates to management
Engage in assignments outside of the primary role to increase knowledge and skills in supply chain and other areas of PS&L
Design and develop a variety of models in consumer credit
Developing the logical and physical designs for data solutions, including the design, build and implementation/extension of application databases, the Enterprise Data Warehouse, data marts
Effective management of a team of junior- and senior-level validators
Understanding the risks in the inventory of models for which they are responsible
Working knowledge of market risk, including treasury and capital markets operations
Providing effective challenge to the models and modelers in their space
Communicating effectively with senior management and relevant regulatory bodies
Understanding and adhering to both internal rules and external regulations as they apply to models in their space
Lead Model Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Lead Model
List any licenses or certifications required by the position: CSPO, CSM, PMP, SAS, DFSS, INCOSE, CFA, PRM, FRM, ACP
Education for Lead Model
Typically a job would require a certain level of education.
Employers hiring for the lead model job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Mathematics, Engineering, Statistics, Economics, Finance, Physics, Science, Business, Computer Science, Systems Engineering
Skills for Lead Model
Desired skills for lead model include:
Bank products
Job area typically obtained through advanced education combined with experience
Processes and business practices
Project management
/and Middleware awareness
Analysis of Alternatives
Backend
Java 8
Verification and Validation
Areas of Joint and Army Concepts
Desired experience for lead model includes:
Clearly introduces the accomplishments of the sprint before dev team demonstrates the sprints working functionality
Must be willing to work out of an office in Irving, Chicago, Danbury, Atlanta
Must meet minimum qualifications for the position
Complete 12 months in his/her current position, excluding any mandatory training period (may be waived at the discretion of the employee’s current supervisor/manager and with the approval from the Human Resources Department)
A working knowledge of MS SQL
AVP Actuary- FSA or equivalent designation along with Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 9 years of relevant experience
Lead Model Examples
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Lead Model Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of lead model. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for lead model
- Work closely with the MRM’s senior management team to coordinate financial planning/analysis and risk management activities, to meet the team’s annual goals/deadlines
- Develop/enhance various presentations for senior management and regulators
- Facilitate the team’s compliance with Sarbanes Oxley requirements and the firm’s Risk and Control Self-Assessment and Incident reporting processes
- Ensure controls and diagnostics requirements are captured, structured, and modeled
- Develop physics based dynamic model for control and diagnostics algorithm design
- Develop new controls and diagnostics capabilities along with digital technologies, such as digital twin and IOT
- 6-8 years of experience of investment banking, in either a financial institution or a professional practice environment, with a strong expertise in Model Risk Management with expertise model development, model risk management, quantitative modelling, or analytics experience within the risk management framework/audit risk area is a big plus and highly desired
- Professional credentials including degree-level education and a relevant Risk or Accounting professional qualification
- Able to build strong relationships, successfully navigating a complex and multi-national organisation, and working collaboratively with management teams and with other control functions
- Cost awareness to drive efficient management of resources to support audit plan delivery
Qualifications for lead model
- Highly motivated, goal-oriented and self-directed
- BS– Supply Chain, Industrial Engineering or related degree
- Experience with securing on time supplier shipments
- Bachelor’s Degree in Accounting, Business, Economics, Finance, Math/Stat, Engineering, Operations Research, with
- The Lead Analyst will also be responsible for making conclusions on the model’s overall efficacy, preparing written recommendations to resolve issues with the models that are encountered during validation
- Bachelor's degree and 3+ years' experience of modelling either ALLL or loss forecasting using SAS
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Lead Model Job Description
Job Description Example
Our innovative and growing company is hiring for a lead model. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for lead model
- Reviews job packages received from the tool work order system by reading and interpreting blueprints sketches or drawings to identify potential design issues and develops a plan to manufacture tooling
- Set up quote packages for various work at approved BSC model shop vendors and place the work where the price and expertise fits the best
- Audit new vendors and prove the mead to get them on the model shop approved vendor list
- Develop relationships with BSC vendors and help insure the best interests of BSC are upheld in negotiations and contracts
- Can operate a variety of manual and automatic machines (e.g., mills, lathes, CNCs, grinders, EDMs, presses, saws, drills) to shape parts as outlined in the blueprints or CAD system
- Communicates with toolmakers and engineers as needed throughout machining process to discuss necessary changes and improvements to part design and production
- Develop and evolve a risk based strategy to identify critical / highest risk components / interfaces in the delivery chain for programs in the Regulatory Initiative Portfolio
- Ensure that early consideration of the technology operating models are factored into components builds and resource plans needed to meet regulatory objectives
- Ensure that early consideration of capacity and resilience requirements are factored into components builds and resource plans needed to meet regulatory objectives
- Provide Portfolio level oversight of the delivery of the above technology operating models, capacity and resilience objectives aligned to critical components of the delivery
Qualifications for lead model
- Committed to process improvement, LEAN and/or Six
- Bachelor's degree and 3+ years' experience in modeling/risk management, or
- 1+ years’ experience as an IT Project Manager Microsoft office tools experience (MS Project, Excel, Access)
- Experience with database drivers (ODBC, JDBC )
- Prior experience leading risk and control assessments
- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring, contribute in the firm-wide model risk and control assessment
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Lead Model Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of lead model. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for lead model
- Analyze, build, test, and implement rate structure changes which requires creating new table values and identifying formula changes which are embedded in Cobol modules
- Analyze, build, test, and implement marketer price changes by writing Batch SQL jobs to update up to 16 mainframe db2 tables, in coordination with other changes that may be going in simultaneously for other requirements
- Conduct detailed customer rate and tax mitigation plan analysis which requires creating sql to query multiple db2 tables to identify accounts affected by a change and/or performing code traces to help IS identify a problem
- Assure all rates are modeled to bill within the Billing system – not in any “off-line” ancillary system or through manual calculations
- Participate in project planning between Billing Operations and IS, contributing to overall deliverables as managed by those teams
- The production concept in coordination with specialist teams
- Planning and coordination of special processes
- Equipping of work decks according to Lean Manufacturing principles
- Ensuring the programming of existing robots together with robot production specialists
- Realisation of the project and internal departmental quality, time and cost targets
Qualifications for lead model
- Serve as CCAR model validation expert in field of credit risk modeling
- PhD strongly desired
- Must have 3+ years of experience developing OR validating consumer credit or market risk models utilizing SAS, R, Matlab, Python
- 7+ years of related validation experience
- Strong background in at least one statistical programming language such as SAS or R
- Ability to effectively build and guide a team of highly technical backgrounds
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Lead Model Job Description
Job Description Example
Our growing company is hiring for a lead model. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for lead model
- Reviewing the model risk management process for all risk models
- Supporting not only the US Audit Risk team but also the Global Model Risk Audit team and the Global Model Risk Management function in their ongoing framework transformation
- Collaborating with internal and external clients to evaluate, test and report on the effectiveness of the risk management control in accordance with regulatory guidelines (Basel II/III, SR 11-7/ OCC11-12)
- As Project Lead you must ensure the new cloud customer like environment in the S/4 HANA Cloud for the Customer sONE
- Manage and control the project Customer sONE to be successful in the S/4 HANA Cloud Development
- Monitor the Project situation and prepare the status report for different levels of management
- As Project Lead you must ensure the entirely transparency
- Address status and issues across all management levels including LOB heads to delivery management and individual contributors to reach defined KPIs and get issues resolved
- Drive kickoff meetings, monitor execution progress, follow up on test results, address and resolve blockers and work towards a high-quality delivery to meet defined KPIs per deadlines and S/4 HANA Cloud Masterplan
- Help to define the Customer sONE Strategy and Roadmap
Qualifications for lead model
- VP Actuary - FSA or equivalent designation along with Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 10+ years of relevant experience
- Working knowledge of windows programs (Excel, Word, Access)
- PhD Degree level education in a quantitative discipline (Statistics, Math, Physics, Finance, Operations Research, Industrial Engineering) or a First Class MSc Degree in a quantitative discipline plus solid quantitative working experience
- Expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties
- Represent the bank in interaction with Regulators, as required
- Bachelor’s degree in a quantitative field such as mathematics, physics, statistics, quantitative finance, econometrics, engineering or actuarial sciences required
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Lead Model Job Description
Job Description Example
Our growing company is looking to fill the role of lead model. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for lead model
- Work closely with the Lead of that new team and take over the Deputy role after a certain time
- Define Best Practice Business Scenarios from business view with customer expectations in mind
- Drive the Create Test Data Creation and support to get a close collaboration with the sCOMP STE (India)
- Support your project team to get fixed the issues in time
- Drive root cause analysis for complex topics and trigger root cause elimination
- Help to define the Roll-in Process to Portfolio Team for new scope, business, architecture requirements
- Managing multiple projects, challenging existing processes, and making recommendations to enhance both internal and external routines to facilitate the execution of model and strategy innovation
- Collaboration with strategy, modeling, business enablement and technology partners
- Collaboration with Credit Risk, Legal & Compliance, Model Risk Management, Audit, and other governance and control partners
- Ability to develop and communicate business case, execution plans, progress updates and other key information to stakeholders
Qualifications for lead model
- Is able to presents completed work at the end of each sprint to key stakeholders
- Knowledge of credit risk, market risk or operational risk is a plus
- Tool and die making associates degree or 4 year engineering degree
- 10+ years of machining and/or machine–tool outsourcing experience
- Implementation of the model risk management standards in BCUS CRO
- Act as interface with the Risk’s MRM group in all aspects related to model governance