Model Risk Analyst Sr.
Cenlar

Yardley, Pennsylvania

Posted in Financial Services


This job has expired.

Job Info


Start something good. Empower your career. Become an employee owner at Cenlar.

Employee owners have made Cenlar the nation's leading mortgage loan subservicer. Our unique culture is defined by our core values of respect, trust, integrity and care. Company ownership, a promote-from-within philosophy, and opportunities for continuous professional growth make Cenlar a great place to launch or boost your career. Consider this opportunity to join our team as a Model Risk Analyst Sr.

The Model Risk Analyst Sr. supports the Model Risk Management department in executing Cenlar's Model Risk Management function; reports to the VP, Model Risk Management within the Office of the Chief Risk Officer. Specifically, the individual will play a critical role in effectively utilizing key modeling, forecasting, valuation, risk measurement, and analytics systems, tools, and processes in order to provide consistent assessment, identification, monitoring, and evaluation of models. The individual plays a key role to ensure Cenlar's balance sheet and subservicing business models provide reliable forecasting capabilities to enable management to make proactive business decisions to manage risk and maximize profitability.

Responsibilities:

  • Performs second line of defense validation over models, and complex models
  • Leads identification and documentation, including independent assessment and challenge of model assumptions and processes for models owned by the business units
  • Translates model results for risk and profitability management
  • Develops, presents, implements, communicates, and documents models, procedures, methodologies, algorithms, tools, and reports
  • Understands and adheres to the company's Model Risk Management requirements and regulatory standards, policies, and controls.
  • Develops and enhances complex models for financial forecasting, and for quantifying and managing risk
  • Streamlines manual processes where possible
  • Recommends enhancements to Model Risk Management governance documentation.
  • Other duties, projects, and responsibilities as assigned
Qualifications:
  • Bachelor degree in quantitative discipline such as quantitative finance, statistics, mathematics, physics, or engineering; Advanced degree is a plus
  • 5+ years of experience with statistical analysis, modeling, and analytics
  • Advanced knowledge of conventional, government, and non-agency mortgage products and guidelines desirable
  • Demonstrated knowledge of approach for loss estimation including probability of default, loss given default, and exposure at default
  • Excellent communication skills, both oral and written
  • Excellent interpersonal skills in managing constructive relationships with business partners and model users
  • Independent and highly motivated individual
  • Dedicated to integrity, producing high quality results, and meeting deadlines
  • Experience in CCAR/CEAL preferred
  • Knowledge of options pricing theory, trading algorithms, financial regulations, stochastic process, partial differential equations and numerical analysis etc.
  • Prior model validation experience required
  • Proven ability to work with large data sets
Total Rewards:

As an employee-owner at Cenlar, you'll receive an outstanding benefits package that includes paid medical, dental, and life insurance, 401(k), and tuition assistance as well as opportunities for training and professional advancement.

Cenlar is a drug-free workplace and an equal employment opportunity/affirmative action employer M/F/D/V/SO.


This job has expired.

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