Model Risk Manager

Position Summary

Model Risk Management (MRM) is part of the Corporate Risk Management of Huntington and is responsible for the independent oversight of models and non-statistical tools developed, acquired, and used by Huntington.

The Model Validation Manager will lead/supervise the validation program of models (qualitative and qualitative models) at Huntington National Bank. The role will require collaboration with business process owners and various 2nd line key stakeholders such as compliance, operations, and IT risk department to form an informed opinion on quantitative and qualitative processes which meet the definition of a model. The model validation manager acts as a key leader in the organization and influences the first and second lines of defense.

• Lead/supervise the effort to execute the model validation strategy, including the review and validation of Credit/Market/Operational Risk, Loss Forecasting/Stress Testing, ALM, AML, Fraud, Fair Lending, Pricing Analytics, and CECL models
• Establishes and monitors expectations to achieve company and department goals
• Manages the performance, training, and evaluation of assigned staff including workflow of activities
• Provide leadership, guidance and support as needed to less experienced validators as they perform independent model validation in accordance with bank policies, standards and procedures.
• Establishes the scope and necessary testing of validations, providing guidance to associates as necessary on complex issues.
• Communicate model issues and limitations to key stakeholders
• Contribute to improvement of model building, use and validation practices
• Provide innovative, thorough, and practical solutions to an extensive range of demanding problems
• Stay abreast of emerging modeling techniques and evolving regulatory expectations, develop validation approaches, and incorporate them into model risk practices as appropriate
• Review and edit Model Validation reports to ensure reports are accurate, complete, and compliant with Policy, Standards and Procedures.
• Develops productive partnerships between business units and teams involved in model risk management activities
• Perform supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing staff.

Basic Qualifications:

• Master’s degree in a quantitative field (Mathematics, Statistics, Economics, Physics, Data Science, etc.)
• Minimum 5+ years of relevant analytical work experience in model validation or model development roles.

Preferred Qualifications:

• Experience in performing data analysis and statistical tests in programming languages like Python, R, SAS, or other programming languages
• Strong analytical abilities, presentation, and communication skills.
• Strong verbal and written communication skills and ability to communicate technical information to non-technical audiences
• Knowledge of Interagency guidance of model risk management (SR 11-7)
• It would be preferred that the candidate has exposure and familiarity with Credit, Treasury, Operational or Capital Markets models
• Experience as a Model Developer or Model Validator
• Experience with managing a team and building partnerships with business stakeholders
• Proficiency with SAS, R, SQL, Python, or other programming languages.
• Previous experience or knowledge about model risk and regulatory guidance such as OCC 2011-12/ SR 11-7.
• Knowledge of 2021 Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance
• Extensive industry experience with deep knowledge of regulations, regulatory expectations, industry practices, and experience across a wide variety of products and model types including AI/ML models