Lead Model Validation Specialist - (#Hybrid Perm at our Chicago HQ near O'Hare Airport)

In this role, you will lead the second line of defense oversight of the Model Risk Management (MRM) program. Collaborate with internal model owners and users to enforce the model risk management policies and practices, including maintaining an accurate model inventory, review model performance results, provide model validation services, and prepare monthly MRM risk reporting for credit risk and treasury management (ALM) finance, and underwriting related models.

• Lead the execute of the model validation strategy, including the review and validation of credit, market, operational risk, loss forecasting, stress testing, ALM, AML, fraud, pricing analytics, and CECL models.
• Execute MRM responsibilities by visualizing abstract concepts, see relations between them, and draw constructive conclusions.
• Provide strategic insights and recommendations to leadership on model risk, driving organizational growth and maturity.
• Stay abreast of emerging modeling techniques and evolving regulatory expectations, develop validation approaches, and incorporate them into model risk practices.
• Oversee, third-party model validation work, including reviewing validation processes, assessing findings, and providing feedback to improve quality and effectiveness.
• Complete model validation reports that are accurate, complete, and compliant with policy, standards and procedures.
• Review and assess model performance results on a periodic basis to ensure model risk is at an appropriate level and evaluate validation reports from third-party vendors.
• Deliver validation results and potential findings to members of management, and transition into formal action plans.
• Manage conflict, identify common ground and resolve issue resolution effectively, while maintaining confidentiality and discretion

Education:

• Bachelors Degree - Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related - Minimum
• Graduate Degree - Data science, predictive analytics, or machine learning - Preferred

Years of Experience:

• 6 Years - Building, testing, implementing and validating complex and sophisticated models used in the financial services industry, or related - Minimum

In Lieu of Education:

• 9 Years - Building, testing, implementing and validating complex and sophisticated models used in the financial services industry

Compensation & Benefits:

Typical hiring range:‏‏‎ ‎$99,200‏‏‎ ‎-‏‏‎ ‎$140,100 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge. 

Additional Compensation: Annual performance bonus 

‎Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.

Additional Benefits:

• Work from home up to 3 days a week
• Paid parental leave
• Employee discount programs
• Time off including paid personal and sick days
• 11 paid holidays 
• Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.