Model Manager Job Description
Model manager
provides multi-discipline coordination of design deliverables including project definition reports, design reports, design drawings and documents, construction documents including drawings and specifications.
Model Manager Duties & Responsibilities
To write an effective model manager job description, begin by listing detailed duties, responsibilities and expectations. We have included model manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Risk reporting and analytics, stress testing, ALLL/general reserves, capital allocation and management and portfolio optimization for risk/return
Provide independent model validation services and support across functions at Retail Finance
Other treasury services for all of
Create documentation, work papers and professional reports of validation results
Perform independent tests to quantitatively assess model performance and recommend changes
Validate various models, including MBS models, market risk models
Validate CCAR models and act as an effective challenger to model users/ modelers on all matters pertaining to model risk
Conduct local model risk management
Provides project and staffing leadership during project planning, execution, reporting, and follow-up on any action plans
Oversees the validation of model performance and controls, including establishing the model validation scope, assessment of validation results, and directing communications with stakeholders
Model Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Model Manager
List any licenses or certifications required by the position: FRM, PMP, PRM, ARM, CFA, LEAN, PMI, DFSS, OCC, QRM
Education for Model Manager
Typically a job would require a certain level of education.
Employers hiring for the model manager job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Statistics, Mathematics, Engineering, Finance, Economics, Physics, Graduate, Business, Computer Science, Management
Skills for Model Manager
Desired skills for model manager include:
BIM
Construction documents
Credit
FX
Mortgages and Commodities
Multi-discipline design development
Rates
Statistical analysis
Stochastic calculus and derivatives pricing
Ultimately producing complete and coordinated design deliverables
Desired experience for model manager includes:
Manage a team of junior validators
Proficient in statistical and optimization software and packages such as SAS, CART, MARS, MarketSwitch, KnowledgeSeeker
Solid computer programming (C , Matlab, Visual Basic etc) and quantitative skills (stochastic calculus, statistics, PDE and Monte Carlo simulation etc) At our company, we have been helping our customers and communities for over 195 years
Bachelor’s degree in Mathematics, Statistics, Finance, Economics, or equivalent required
Management experience knowledge and understanding of financial services
Quantitative Model Development
Model Manager Examples
1
Model Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a model manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for model manager
- Managing the ongoing model performance monitoring of credit stress testing models
- Supporting the ongoing model strategy for Credit models and provide input to the broader model suite supporting the Comprehensive Capital Analysis and Review (CCAR) exercise
- Work closely with the Basel and stress testing (including CCAR) model development teams to understand models under development and provide subject matter expertise to ensure models can be made operational
- Coding of models developed by the model development team using the model implementation framework
- Model execution and monitoring including issue identification, investigation, and resolution
- Engage the front office, market risk and related function group personnel as necessary to pro-actively identify, assess, monitor, and manage quantitative model risks
- Acquire and maintain a thorough understanding of the flow and context of model usage in Europe and Asia
- Manage and monitor the program
- Manage the assignments against the audit plan and budget to meet audit deliverables
- Ensure assignments are completed in an efficient and effective manner
Qualifications for model manager
- Undergraduate degree in mathematics, statistics, actuarial science or physics
- Proficiency in writing is mandatory
- Graduate degree in one of the above fields
- Software development experience and interest is mandatory
- PhD or Master degree in Risk related field (Accounting, Business, Economics, Finance, Math/Stat, Operations Research, with Quantitative underpinning) with 8+ years of relevant Risk or Finance experience
- Bachelors degree in Economics, Engineering, Finance, Statistics or related field
2
Model Manager Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of model manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for model manager
- Managing multiple teams in multiple locations (global)
- Working closely with the Model Validation and Model Governance functions to ensure models meet MRM requirements
- Interacting with the Data Analytics team to ensure high quality data is utilized in the model development process
- Minimise costs and resources required for running Operational Risk Capital Model (ORCM) on an ongoing basis
- Streamline the newly accredited capital process so that it can be run independently (with minimal support from Melbourne) at the Bengaluru hub
- Support the Melbourne EOR team with scenario uplift related activities and other adhoc analyses/ tests
- Supervise the quarterly execution of the ORCM
- Undertake Performance Monitoring and Change Management activities related to ORCM execution
- Maintain and contribute to Scenario analysis-related (quantitative) activities
- Contribute to knowledge sharing within the larger Risk community in Bangalore
Qualifications for model manager
- Good programming skills, particularly in statistical and database modelling tools, such as SAS, R, Matlab, Access, VBA
- CFA, SQL, SAS and/or FRM certifications
- 5 years’ experience with economic forecasting, PD/LGD estimation techniques or economic capital calculations
- 3 years’ hands-on experience in SAS, R, Matlab or similar software
- 3+ years of economic capital modeling experience
- CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager)
3
Model Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of model manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for model manager
- Work with product and supporting system owners to identify required data supporting model development and scoring
- Work closely with the Basel and stress testing (EWST, MST, CCAR) model development teams to understand models under development and provide subject matter expertise to ensure models can be made operational
- Support alignment to enterprise data strategies, migrating data sourcing to the Enterprise Data Provisioning Platform and other new big data repositories
- Taking an active role in the design and delivery of operating models for transformation programmes for various industries within the private/public sector
- Preparing new processes and/or business requirements for front office, product control, middle office and back office functions of clients
- Contribute to the development and maintenance of enterprise-wide policies and procedures for validating models in accordance with FRB 11/7 (OCC 2011-12)
- Interact with the business managers and developers
- Present validation results to senior management
- Management of physical assets
- Lead customer formal program interaction monthly reviews, senior management briefings
Qualifications for model manager
- Assisting in Independent oversight of all Stress Testing models Group wide
- Independent review of stress testing models across Group in accordance with Regulatory requirements, HGHQ guidelines, FIM
- Assisting in updating the various Model Oversight Committees (MOC) on stress testing model review work and providing support on model approval
- Acting under the guidance of the Global Head of Stress Testing IMR, to whom matters of fundamental significance will be referred
- Participating in consultative exercises, reviewing modelling teams proposals and attending model approval committees as and when called upon
- Implementing of best practice solutions as Group expert for Stress Testing analytics
4
Model Manager Job Description
Job Description Example
Our innovative and growing company is looking for a model manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for model manager
- Prepare and present independent model opinions and review findings
- Support the Head of Risk Analytics
- Evolve the strength of the model review process by developing standards of good models and creating documentation
- Effective escalation where there have been breaches of model review and governance policy standards and of major issues arising from model validation reviews
- Continue to drive Aladdinization of MPS business with better reporting on performance, risk, and positioning
- Proactively shape and support the team’s analytics agenda working in conjunction with internal business partners
- Responsible for Independent Model validation and performance monitoring such as assessing the conceptual soundness, evaluating model assumptions and data integrity/quality, testing model numerical and/or computational accuracy, performing outcomes analysis, and reviewing model governance and control process
- Develop sound practices for model validation and documentation
- Implement Model Risk policies and procedures across all stakeholders
- Oversee model remediation activities
Qualifications for model manager
- Comprehensive knowledge of statistical model and scorecard development techniques
- Detailed knowledge of Risk models, performance metrics and risks and associated issues
- Detailed knowledge of UK Basel II and Stress Testing regulatory framework (BIPRU) and those of other principal regulators in regions with significant HSBC presence such as Federal Reserve/OCC for HNAH and HKMA for HBAP
- Experience of developing Basel II (PD, EAD, LGD), Risk models, Financial models and Econometric stress testing models
- Experience of presenting recommendations to Senior Management
- Experience of conducting independent model reviews desirable
5
Model Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of model manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for model manager
- Taking ownership of specific initiatives when required
- Ensuring program risks are identified and tracked
- Be able to signal concerns when this may be unpopular
- Creating a succession plan for yourself so that any sickness or leave can be covered by another person continuity plan
- Ability to confidently engage with senior executives (internal and Regional)
- Manage effective & regular communication and update to Regional departments/units that are involved in the program
- Ensure the change management activities are delivered to maximize engagement
- Managing & ensuring the safety and soundness of early delinquency milestones and process—primarily tied to the programing and optimizing of early delinquency correspondence
- Overseeing early delinquency pipeline reports and managing exceptions to ensure requirements are met according to set guidelines
- Enhancing and automating internal processes to ensure efficiency in execution and compliance with requirements and managing and executing on process requirements of ancillary business processes
Qualifications for model manager
- Evidence of successfully defining and shaping rigorous governance frameworks
- Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner
- Educated to Bachelors degree level in a numerate discipline
- Demonstrates exceptional communication and interpersonal skills
- Experience in roles that required critical thinking, problem solving skills
- Good team management skills, able to clearly provide direction, set up expectation, coach, inspire and motivate group members independently deliver work assignments