Valley Bank Job - 43389975 | CareerArc
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Company: Valley Bank
Location: Wayne, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services


The Quantitative Model & Validation Analyst will provide independent analyses and validation of financial models along with other high-level quantitative functions to support the various financial units of the Bank.   Responsibilities include, but are not limited to:

  • Conducts independent quantitative and qualitative validation of Bank's financial models, including asset liability management, enterprise-wide and capital stress testing, ALLL, BSA/AML, mortgage pipeline hedging, capital planning, mortgage/SBA servicing valuation, among others.
  • Documents all steps of the independent model validation process including classifying the findings and actively track the remediation of recommended deficiencies accordingly.
  • Provides expert guidance to model developers/users on Bank's model policies, on-going model monitoring, and regular back-testing to ensure models perform as intended.
  • Supports auditors and regulators on model reviews/exams on a regular basis.
  • Maintains current research in financial products, modeling skills, and vendor products.
  • Provides various quantitative support to other departments, including modeling techniques, deep-dive analyses, tools to increase efficiency, special topics on market or credit risk, and others.
  • Assists managers on reviewing/updating Model Risk Management policies and procedures.
  • Provide high level quantitative support at the request of Senior Management for special projects and initiatives.
  • Provides leadership to interns in Market/Model Risk Department.
  • Participates in job specific associations, conferences, external training and internal training programs as required to maintain certifications, increase knowledge, and remain up to date on current regulations and industry trends.

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