Model Development Manager Job Description
Model development manager
provides necessary training to end users to increase their effectiveness and ability to use benefits systems & tools.
Model Development Manager Duties & Responsibilities
To write an effective model development manager job description, begin by listing detailed duties, responsibilities and expectations. We have included model development manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Build and ensure right level of model controls
Work with the business to conduct annual Model certification by attesting to the completion and accuracy of the LOB’s model inventory
Work with the business to conduct annual Model Attestation by attesting to the completion and accuracy of the LOB’s model inventory
Act as the first stop in the model approval process, for changes, waivers and new models
Manages the validation and control process for all models in model families, , credit, market, stress testing
Establish and maintain strong relationships with assigned functional business team (Risk, Finance, Collections, IT, Ops, Corporate Risk, Loss & Reserves, Finance, Credit)
Establish and maintain strong relationships with assigned functional business team (Corporate Risk, Loss & Reserves, Finance, Credit)
Conduct independent reviews of models used in Asset Management across a wide range of asset classes, including Equity, Rates, Credit, FX, Mortgages and Commodities
Perform model reviews, document review process and conclusions, and provide thought leadership on assessing and mitigating model risk
Work with model developers and front office to establish sound model risk and control practices
Model Development Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Model Development Manager
List any licenses or certifications required by the position: CMMC, AWS
Education for Model Development Manager
Typically a job would require a certain level of education.
Employers hiring for the model development manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Statistics, Finance, Economics, Mathematics, Engineering, Management, Applied Mathematics, MBA, Business, Technical
Skills for Model Development Manager
Desired skills for model development manager include:
Ability to help an organization adapt to applicable federal
Ability to leverage that information in creating customized customer solutions
Ability to plan
Ability to use numerical methods to develop statistical models for devising trading strategies
Ability to use quantitative tools and techniques to measure and analyze risks
Ability to utilize tools
Both internal and external
Business guidance to clients
Company-specific regulations
Division of a company
Desired experience for model development manager includes:
Drive and implement alternate supply models in the region through strong alignment with the commercial functions and senior management team within Western Europe
Manage and influence the various stakeholders towards the agreed objectives and outcomes of these implementations
Identify opportunities for business process improvements including opportunities to support business growth
Share best practice models across other markets within adidas Group and benchmark against external competitors
Lead the business in identifying additional functional requirements of current systems
Provide business logic, functional requirements and technical translation inputs to the blueprinting of future planning and execution systems as required
Model Development Manager Examples
1
Model Development Manager Job Description
Job Description Example
Our company is looking to fill the role of model development manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for model development manager
- Manage the process and cultural changes associated with the new supply models with all stakeholders and departments
- Accountable for the change management process that maintains model integrity
- Support and oversight of developers as they execute model changes required for regulatory and business purposes
- Ensure models meet all requirements for actuarial liabilities, production of liability cash flows, business plan, embedded value, capital projection, stress testing, earnings analysis and other business metrics used to monitor the business and detect emerging trends
- Provide on-call model support for month end financial reporting
- Project Consulting
- Work across functions to develop pricing strategies that capture VSC value proposition and competitive advantages
- Work closely with Sales Enablement group to develop pricing models that best capture customer needs, while maximizing product pricing potential
- Develop financial models and business cases in support of pricing changes and new product solutions
- Evaluate and create viable commercial models for integrated solution pricing (e.g., turnkey, managed service, XaaS, gain share, co-invest/ co-financing )
Qualifications for model development manager
- Strong knowledge of Life Insurance products and administration systems
- Highly Experienced with GGY AXIS valuation software
- Strong analytical background in quantitative finance, mathematics, or statistics
- Knowledge of the measurement of Market Risk for various financial derivatives
- Interest in investigating new Market Risk Capital modeling concepts and methodologies
- Computational and programming skills
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Model Development Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a model development manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for model development manager
- Perform independent reviews of models from CCB businesses such as Card Services, Consumer & Business banking
- Work with other groups such as the Model Review Group, Market Risk, Finance, Fair Lending, Technology and Audit to ensure that model risk is understood, captured, monitored and managed
- Assist in managing Model Risk by ensuring that the model exposure, market conditions, model limitations and scope of usage are not materially different from the approved model
- The role function and its related responsibilities are critical to support the banks management the regulatory capital/provisions requirements
- Data mining involving large credit risk databases that contain historical and current performance data
- Estimating credit risk imbedded in the Bank’s retail credit product portfolios and the regulatory and economic capital the Bank need to allocate against these portfolios
- Development and maintenance of the non-retail models (PD, LGD and EAD) to support quantification and identification of portfolio credit risk across all asset classes and support Advanced Basel III accreditation
- Lead fluency with industry standards and methodologies relating to credit models (PD, LGD and EAD)
- Participate with authority in industry forums and provide thought leadership in the quantitative credit area to all levels of the Bank and with prudential regulators
- Management of the Non-Retail Model Development team including goal setting, feedback and performance management processes
Qualifications for model development manager
- Significant process management & governance expertise, working with process models, process change control and process design across e2e processes and supplier networks
- Proven experience in developing operations management capability in employees
- Ability to conceive and execute operations strategy and is a proven thought leader
- Hands-on and able to work at Senior Exec and Operator levels
- Demonstrated ability in re-engineering and improving processes and process quality
- Hands on experience with Economic Capital model development
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Model Development Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a model development manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for model development manager
- Assist the Manager, Model Operations in the development and reporting of the broader CMD pipeline
- Assist and coordinate with the Manager, Enterprise Risk Model Development in the maintenance of AASB 9 PiT models as they relate to non-retail models
- Ensure the team follows the Group policy for model development, implementation and maintenance
- Project managing model developments and projects and managing model development analysts
- Working with business risk specialists and an independent stress testing validation unit to resolve or mitigate data and model risks and issues
- Taking part in peer review activity and keeping abreast of new advances in risk modelling techniques to ensure the bank's stress testing models are best-in-class
- Assisting in developing policy standards and model documentation standards in line with stress testing forecasting models and calculation engines
- Liaising with Execution teams in the implementation and use of the models, supporting any questions from stakeholders
- Have experience of building models in SAS, R, Matlab or equivalent, and be proficient with MS Office applications
- Be able to engage and motivate your team members as you all work towards agreed targets, making sure your workloads are effectively planned and organised
Qualifications for model development manager
- Extensive experience delivering pricing model execution across products, services, solutions, and platforms
- Proven success driving solution based pricing models to drive revenue growth
- Familiarity with SFDC, SAP, and Oracle Hyperion, ERP systems is a plus
- Good experience with pricing within IoT space preferred
- Numerical degree Mathematics, Engineering, Physics, Operational Research
- Masters degree in a relevant quantitative/finance discipline
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Model Development Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of model development manager. 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 model development manager
- Demonstrate fantastic stakeholder management skills
- Have a sound understanding of risk management principles
- Have experience in credit risk modelling or bank governance
- Leading efforts to develop solutions to address emerging Consumer Risk issues
- Managing broad work efforts, ranging from developing process automation strategies to managing the team’s resource and budget plans
- Developing and communicating key GRA deliverables, such as multi-year model development plans
- Analyzing model output for stakeholder discussions
- Ensuring production of project and meeting artifacts for key initiatives and processes
- Triaging emerging risks and escalating as appropriate for efficient remediation
- Contributing to risk/regulatory documents for key processes, such as CCAR and CECL
Qualifications for model development manager
- Highly motivated, with a proven track record and ability to work on own initiative within a challenging/dynamic work environment
- Strong team player with strong organisation, planning and leadership skills
- Experience of leading project teams through technical assignments or as a critical team member on a major credit risk project/programmes
- Excellent interpersonal and influencing skills, including strong oral and written communication of technical concepts to a non-technical audience
- Strong IT skills including Microsoft applications (Word, Excel, PowerPoint) and use of programming/statistical packages
- B.Sc., Hons., M.Sc
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Model Development Manager Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of model development manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for model development manager
- Executes corporate-wide standards for model development, by setting the scope of development efforts across a modeling area
- Evaluates the strengths and weaknesses of framework options and identify which is most likely to meet the needs of the business
- Supports the validation and use of models
- Oversees the performance monitoring of models and recommend action based on comparison to thresholds
- Engages model owners and business users of models to agree on possible controls that have been identified as part of a validation effort
- Manages of a team of analysts to include performance management and coaching
- Is responsible for the supervision of team members and coordination of resources
- Manage and measure the overall model portfolio development plan and approach, in support of the Business Development lead
- Drive and lead internally-focused activity to coordinate cross-functional support team with efforts or initiatives aimed at growing model sales
- Engage with external clients alongside NAD national account representation serving as model SME, to drive model access and adoption
Qualifications for model development manager
- Bachelor’s Degree required in quantitative areas (Statistics, Mathematics, Operations Research, Economics, or other related fields)
- 4 - 6 years credit risk management and credit risk modelling experience
- Bachelors degree in Finance, Economics, Math / Statistics or related field, with 5+ years of relevant experience
- Familiarity with CCAR / DFAST and relevant regulatory stress test topics required
- OUniversity degree in Statistics, Mathematics, Economics, Engineering, Operations Research
- OAt least two years previous work experience in an analytical role using SAS, R, Python, Spark or any other statistical/data mining software