BBVA Compass Assoc Risk Officer I-II or Risk Officer I in houston, Texas
PURPOSE OF POSITION
The Model Risk Management unit is responsible for Model Risk Management for BBVA Compass as well as BBVA USA. Central to its purpose is making sure that model risk across the enterprise is appropriately identified, modeled, validated, understood, documented and incorporated into management routines as appropriate. Model Risk Management is also responsible for overseeing the program’s compliance with regulatory requirements, including SR 11-7, SR 15-19, and OCC 2011-12.
This role will support the execution of the Bank’s model validation process and ensure the ongoing implementation of model validation best practices. The objective of the validation process is to provide reasonable assurance that the qualifying models used in capital stress testing, risk measurement, pricing and profitability, compliance, fraud, anti-money laundering, and management decision making are working as intended, and to provide recommendations for ongoing model improvement to enhance model effectiveness.
Responsible for the independent validation of assigned models, and addressing questions regarding them.
Review the documentation, and underlying assumptions, theory, empirical evidence, implementation and limitations of the model, and evaluate its performance
Clearly document the analysis performed and risk findings
Work closely with model users, developers and risk management colleagues to facilitate the model validation process
Participate in meetings with model stakeholders to discuss the validation process and results
Support regulatory examinations and internal audits of the validation process and model risk management.
Adapt in unexplored fields. Ability to research, learn, and apply new concepts, and statistical techniques with limited support
Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industry in order to provide expert guidance to the businesses.
KNOWLEDGE, EXPERIENCE, AND COMPETENCIES
Advanced degree (Masters or PhD) required in Quantitative Finance, Applied Mathematics, Statistics, Engineering, or other quantitative-oriented disciplines.
0-3 years of experience in quantitative financial model development/validation for credit risk origination, account management and collections models, parameters (PD, LGD, EAD), provisions, fraud, AML, compliance, loss forecasting and/or treasury models.
Strong quantitative skills and analytical problem solving ability required.
Functional with database development, maintenance, and extraction of data.
Programming skills in R, SQL, SAS
Knowledge of banking model related regulation is valued (SR 11-7, IFRS 9, CECL, Basel)
Excellent written and verbal communication and interpersonal skills, including the ability to reach the best possible results without compromising the work quality
Position may be located in Houston, Texas or Atlanta, Georgia.
Job ID 2018-112927
Site Name TX-HOUSTON-HOUSTON TOWER
Category CORPORATE RISK
Work Location US-TX-Houston
FLSA Status EXEMPT
Type FULL TIME