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Model Risk Validation
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Strong Model Validation SME
-Working with 2nd
line model validations in terms of model risks and proven model usages
-This is not
dealing with credit risk areas as much as business process automation and
auxiliary function models
- Example of
recent model: Learning and Development product that automates learning
materials for Fannie Mae University. Another one is Microsoft Copilot,
intelligence. Prohibitive Language detection is an example of external model,
meeting fair lending requirements
- Day by
day, person would be assigned model usages, produce validation report, interact
with 1st line of defense (model owners and engineers and governance team) and
2nd line of defense. Need to consider risk, reputational risk, data privacy,
etc.
-Ability to assess model and
solution with limited amount of foundation
-Annual reviews of models,
changes in usage, reporting, has requirements changes, does new calibration
-Ability to review and assess
active and in-production models
-Team of
data scientists and financial engineers validating software implementation of
200+ financial and statistical models (econometric and ML) that support a $4
trillion business
-Models developed in Java, C++, Python, R, SAS, etc.,
on-premise and AWS.
-Model validation team validating the theoretical and
logical soundness of models developed with "machine/deep learning" algorithms
(e.g., decision trees ensemble as "random forest" or through "boosting" and
neural networks).
-Work with Model Owners and Business to report findings
outside of model thresholds
-Identify inherent and residual risks
About TEKsystems:
We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
-Working with 2nd
line model validations in terms of model risks and proven model usages
-This is not
dealing with credit risk areas as much as business process automation and
auxiliary function models
- Example of
recent model: Learning and Development product that automates learning
materials for Fannie Mae University. Another one is Microsoft Copilot,
intelligence. Prohibitive Language detection is an example of external model,
meeting fair lending requirements
- Day by
day, person would be assigned model usages, produce validation report, interact
with 1st line of defense (model owners and engineers and governance team) and
2nd line of defense. Need to consider risk, reputational risk, data privacy,
etc.
-Ability to assess model and
solution with limited amount of foundation
-Annual reviews of models,
changes in usage, reporting, has requirements changes, does new calibration
-Ability to review and assess
active and in-production models
-Team of
data scientists and financial engineers validating software implementation of
200+ financial and statistical models (econometric and ML) that support a $4
trillion business
-Models developed in Java, C++, Python, R, SAS, etc.,
on-premise and AWS.
-Model validation team validating the theoretical and
logical soundness of models developed with "machine/deep learning" algorithms
(e.g., decision trees ensemble as "random forest" or through "boosting" and
neural networks).
-Work with Model Owners and Business to report findings
outside of model thresholds
-Identify inherent and residual risks
- Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following:
- Medical, dental & vision
- Critical Illness, Accident, and Hospital
- 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available
- Life Insurance (Voluntary Life & AD&D for the employee and dependents)
- Short and long-term disability
- Health Spending Account (HSA)
- Transportation benefits
- Employee Assistance Program
- Time Off/Leave (PTO, Vacation or Sick Leave)
About TEKsystems:
We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.
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