Model Validation Director - Credit, Allowance & Compliance

Model Validation Director

U.S. Bank is seeking an experienced Model Validation Director for our Credit, Allowance & Compliance areas and will reside within the Banks Risk Management and Compliance organization. The Executive Leader in this role will support the Model Risk Management program at the bank. The overall structure is designed to promote effective governance and risk management with the goal of assessing and managing risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.

Essential Functions include :

• Leads a highly skilled analytic team to independently review and validate a wide range of models including CCAR, allowance, compliance, and cyber security models.
• Assesses model risk through pre-implementation validations, periodic validations and monitoring activities that independently challenge conceptual design / methodology, reference data, processes, and performance.
• Identifies corrective actions that promote model risk management process improvements and ensure timely remediation of the identified issues.
• Leads the team in identifying and implementing a process to conduct a diverse set of sophisticated analyses of models and for effectively managing tasks / resources to shepherd each project to its completion in a timely fashion. Validation produces reports challenging model assumptions, limitations, processes, and documentation.
• Develops and leads a team to establish and continuously enhance model validation processes involving execution of thorough testing and critical review of conceptual and performance aspects of the models through creation of alternative benchmark approaches, back testing, stress and sensitivity testing.
• Responsible for review of independently authored reports detailing results of analyses to ensure results are presented in a manner accessible to various levels of management and quantitative backgrounds.
• Interfaces with key stakeholders throughout validation process, regulators and internal audit to discuss justification and reasoning behind validation and review findings.

Preferred Skills / Qualifications include :

Leadership Capabilities include :

Benefits include :

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.