Job Description
Responsibilities
- Provide model governance oversight in development of new models or modifications to existing models used for across the customer credit lifecycle, i.e. marketing through collections. Closely partner with data science team and provide guidance on leading model risk management practices.
- Provide model governance oversight over CECL and loss models and write model governance reports for distribution to audit agencies. Have good familiarity with CECL standards and published by The Financial Accounting Standards Board (FASB)
- Performs independent challenges of models and identifies model weaknesses and opportunities for improvement.
- Ensure that modeling specifications and constructs adhere to defined mathematical and statistical standards
- Ensures that model monitoring is performed on a periodic basis and evaluates whether validations and other reviews performed by the model governance team, business or th...