Description
At First Horizon, the Model Risk Analyst a member of a key strategic team that is responsible for performing independent model risk oversight activities, including model identification, classification, inventory management, validation, review, issue remediation testing, reporting, and related activities. The associate will test models in the areas of fraud monitoring, credit scoring, marketing, BSA/AML/OFAC compliance, market risk, operational risk, loan pricing, deposit pricing, loan valuation, and economic capital.
In Model Risk Management the Model Risk Analyst works with multiple associates across business lines to validate highly complex models. The ideal candidate has knowledge in data management, quantitative modeling methods and programming skills.
Primary Responsibilities
Performs quantitative validation test work under guidance from validation manager and/or senior validation analyst and summarizes test results, conclusions, and issues in model validation report
Uses critical thinking skills including quantitative and analytical techniques to validate models across the banking enterprise
Communicates model issues and limitations to key stakeholders.
Demonstrates ability to continuously learn and provide value in a dynamic environment
Requirements
Bachelor’s degree and three (3) years of experience in a quantitative/analytical field
OR Master’s degree and one year's experience in a quantitative/analytical field
OR Ph.D.
Preferences
Background in banking and/or other financial services
Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or other relevant certifications
One (1) year of working programming experience in Python, R, Matlab, SAS or Java
One (1) year of hands-on experience with data science technologies
Skills and Competencies
Ability to manage multiple tasks and work effectively under pressure in a rapidly changing environment
Advanced Structure Query Language (SQL) skills
Attention to detail, initiative, and ability to work under tight deadlines
Current knowledge of financial regulations
Excellent written and oral communication skills, especially clearly explaining quantitative concepts to non-quantitative audiences
Expertise in analyzing large, complex, multi-dimensional datasets using a variety of tools like Python or R.
Motivated, organized, and team-oriented
Proficient in visualization tools like Power Business Intelligencer (BI)
Strong business acumen with the ability to communicate with both business and Information Technology (IT) leaders
Understanding of statistical and predictive modeling concepts, clustering and classification techniques, and recommendation and optimization algorithms
Benefit Highlights
Medical with wellness incentives, dental, and vision
HSA with company match
Maternity and parental leave
Tuition reimbursement
Mentor program
401(k) with 6% match
More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Facebook -- facebook.com/FirstHorizonBank
Twitter -- twitter.com/FirstHorizonBnk
LinkedIn -- linkedin.com/company/first-horizon-bank
Instagram -- instagram.com/first_horizon
YouTube -- youtube.com/channel/UCEVs5OMj-b0H9Dr5Q209_-Q
Corporate Diversity Commitment:
We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)