Model Validation AVP - Treasury

Job description

Job Description Purpose of the role: To validate and approve models for specific usages both at inception and on a periodic basis, and of model changes, as well as conducting annual reviews. Accountabilities: - Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models. - Approval or rejection of a model or usage based on assessment of the model’s conceptual soundness, performance under intended use and the clarity of the documentation of the model’s inherent risks, limitations and weaknesses. - Assessment of any compensating controls used to mitigate Model risk. - Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement. - Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning. - Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty. Assistant Vice President Expectations: All colleagues will be expected to demo...