Model Specialist Job Description

Model Specialist Job Description

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Model specialist provides expertise to computer system end users concerning issues such as computer data access needs, security violations, and system or programming changes.

Model Specialist Duties & Responsibilities

To write an effective model specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included model specialist job description templates that you can modify and use.

Sample responsibilities for this position include:

Develop and enhance retail credit risk models including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) and custom credit quality indices to forecast future credit quality trends and credit limits
Work with the lines of business in understanding portfolio and default prediction challenges and issues to develop business friendly solutions
Prepare detailed documents for model validation, including description and discussion of underlying principles and model results, benchmarking and sensitivity analysis
Work with various review teams including model risk management, internal and external audit
Perform quantitative analysis on both large and incomplete datasets to extract key insights
Synthesize analytical results and develop, recommend and implement business strategies that improve lending decisions, assist in managing risk, increase revenues, reduce exposure to losses and improve performance
Perform independent validations of AML models across various lines of business, with particular attention to data, systems and process concerns
Creates the Military Model solution and continually improves the model and offers alternatives where appropriate
Develops, manages, and supports proposals and business development plans for platform solutions
Acts as prime consultant to management on significant issues

Model Specialist Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Model Specialist

List any licenses or certifications required by the position: PMP, ITIL, PRM, FRM, CFA

Education for Model Specialist

Typically a job would require a certain level of education.

Employers hiring for the model specialist job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Statistics, Engineering, Mathematics, Finance, Economics, Physics, Math, Business, Graduate, Science

Skills for Model Specialist

Desired skills for model specialist include:

3D CAD like Solid Works
CAM programming system
Computer programming
MS Office and data mining tools to process databases
Support processes and systems
Windows and Microsoft Office
5-axis programming
Ability to ensure laboratory compliance with safety regulations
Biochemistry
Carbohydrate biology

Desired experience for model specialist includes:

Establish with Germany an agreed upon timeline for MY change review, financial and technical analysis, and ultimately approval by Germany
Assist product planners with market assets/brochures/monroney label information review
Address all current model specification changes as outlined in the Model Change Points documents & implement these changes with the production factories
Contribute to the PRIMA project team to ensure VWoA planning needs are met and developed for the most efficient use of PRIMA system in the future
Strong process orientation to include process mapping & improvement
Marketing collateral development and usage by consumers

Model Specialist Examples

1

Model Specialist Job Description

Job Description Example
Our growing company is hiring for a model specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for model specialist
  • Continuous Improvement opportunities on Problem, Incident and Request processes are identified and implemented
  • Supports other operational units in implementing Incident, Request, and Problem Solving Best Practices
  • Drive GLOBE Services continuous improvement efforts
  • Promote DSU services to highlight assistance / support / know-how and benefits of the team, to effectively add value to the businesses
  • Support and preparation of the DOR/WOR (local or virtual), based on NCE initiative, with the direct reports
  • Promote EBD (erradicate Business Disruption) initiatives
  • Professionalize the model documentation writing process by developing and implementing training for model documentation preparers on content, formatting, graphing and table preparations
  • Develop model documentation quality standards
  • Design documentation and report style guides and templates
  • Create documentation training materials and conduct technical documentation training
Qualifications for model specialist
  • Track record of interfacing with the Street and selecting best execution counterparties
  • Able to cooperate within a broad absolute return framework versus a narrow benchmark orientation
  • Degree in IT or Marketing
  • At least 2 years’ experience in working on a global solution support (with multi-country context)
  • Experience with a ticketing tool (ideally HP Service Manager) and relevant support workflow (ticket bouncing, ticket escalation)
  • Good Business experience in Digital Marketing / Digital Media
2

Model Specialist Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of model specialist. 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 specialist
  • Identify potential incompleteness and inconsistency in the supporting data and overall message within the document
  • Identify potential inconsistency among multiple relevant model documents
  • Edit model documentation to conform with content and style guidelines
  • Ensure all references (tables, figures, supporting data) are clearly noted and traceable
  • Ensure the language is unambiguous and concise
  • Ensure the document is presented in an organized and professional manner
  • Provide comments or suggestions to model developers to improve documentation
  • Perform additional tests as needed to validate the numbers in the document
  • Professionalize the model documentation writing process by developing and implementing training for model documentation
  • Project workstream lead - managing through specific pieces of project work using standard PM processes
Qualifications for model specialist
  • Knowledge of financial markets, loans and derivatives products
  • High proficiency in Microsoft Word, PowerPoint, and Excel is essential
  • Excellent academic background, preferably in Finance, Mathematics or related areas
  • Prior experiences with delivering CCAR or other regulatory projects (e.g., BASEL) a strong plus
  • Experience or familiarity with quantitative or financial models preferred but not essential
  • Minimum of three years of experience at financial institution, audit firm, or consulting firm, preferably in a risk modeling related function
3

Model Specialist Job Description

Job Description Example
Our innovative and growing company is looking for a model specialist. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for model specialist
  • Besides the prudential capital requirement measures, the Volcker Rule, the French Banking Law and ICAAP require market risk metrics also for assessing hedge effectiveness, for limit setting and for exposure management
  • Contribute to the model risk assessment by performing in-depth methodology reviews and certifications and by defending the results in committee
  • Contribute to the governance and control framework by following the model risk evolution, by looking at potential emergence of model risk and by raising alarm when necessary, by organizing and participating in committees, quality circles, and by pro-actively reporting to management and project management teams any issues
  • Contribute to an efficient project management framework by ensuring the best practices in terms of timing, execution, communication, commitment, team principles and guidelines
  • Contribute to your own and the team‘s learning and developments by staying up-to-date with newest developments in the field, by following seminars and industry discussions, by reading the relevant scientific and business literature, and sharing this knowledge with colleagues
  • Helps maintain business relationships with our external customers across matrix teams
  • Assist to review business enterprise model
  • Interpret business data requirements
  • Maintain staging area Standards, Policies and Procedures
  • Create and Maintain the Standards, Policies and Procedures for the Data Platforms that support the data and Information models, structures
Qualifications for model specialist
  • Experience in working with a Dashboard platform (Tableau, preferably, otherwise Qlikview, BusinessObjects, ) is advantageous
  • Strong writing proficiency
  • Familiarity IBM's Rational Tool Suite, Rhapsody or other UML based architecture and systems engineering tools
  • Experience in identifying, architecting, and recommending Mass Analytics technologies and solutions in a Big Data and Cloud environment, especially those required for implementation leveraging IC-ITE, C2S or AWS
  • Master degree in a relevant technical field
  • 5-8 years of Risk Management or equivalent experience working for a financial services firm
4

Model Specialist Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of model specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for model specialist
  • Monitor the usage and monetary spend on the data platforms
  • Validate metadata models with control and operational data
  • Develop processes for capturing and maintaining metadata from all Data and Information components
  • Peer review and challenge actuarial concept, methodology, usage and modelling practice of actuarial models
  • Perform model review and validation in a timely manner according to a project plan adhering to corporate policies and meeting regulatory standards
  • Provide critical analysis and effective thought process and challenges for models reviewed and validations performed by both internal and external parties
  • Communicate to quantitative and business audiences through verbal and written presentations describing the results of the review/ validation analyses, and be able to recommend remediation strategy to address the findings
  • Establish and maintain independent model review/ validation thought processes while adhering to overall business and regulatory guidelines
  • Assist model owners/developer in the compilation of comprehensive model documentation, and ongoing maintenance of the documentation
  • Serve as a key resource on model concepts and assumption change questions including ability to understand impacts through recommendations
Qualifications for model specialist
  • Familiarity with programming languages and statistical analytics packages such as R, Matlab, C++
  • Proficient use level of the MS-Office software package
  • Business level skills in English (company language) and German
  • Fellow of the Society of Actuaries with minimum 8 years of rotational experience in life insurance and annuities
  • Ability to think strategically about Model Risk Governance and strategy
  • University degree (Bachelor, Diploma, Master) in Computer Science, Business Informatics, Business Administration, Business Engineering or related fields with above average results
5

Model Specialist Job Description

Job Description Example
Our company is growing rapidly and is looking for a model specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for model specialist
  • Work with the lines of businesses to identify any modeling gaps, errors or oversights and recommend ways to address these issues
  • Keep abreast of the latest quantitative strategies through research on solving problems related to credit, interest rate, market risk, economic capital or capital market valuation , and ability to translate it through coding using R, MATLAB, SAS, EXCEL
  • Elaborate launch strategy in paint shop regarding product, process and equipment considering the production principles of COMPAS
  • Assist in design and implementation of QA framework and processes
  • Establish test plans and drive execution in coordination with peer reviewers
  • Work closely with validation teams to clarify and resolve testing issues
  • Monitor and track progress towards remediation of identified gaps
  • Manage communication requirements and prepare/present status updates
  • Identify training needs and work with Governance team to implement
  • Advanced university degree in law, human rights, social studies, gender studies, or related discipline (max 10 points)
Qualifications for model specialist
  • Strong quantitative background, owning an MSc or PhD degree in a quantitative subject, preferably a degree in financial mathematics
  • Experience in similar positions between 4 – 6 years
  • The position is open for various levels of experience
  • Minimum 5 years of business operations, logistics channel or financial management experience
  • Knowledge of all areas of the Chargebacks, Contracting and Order to Cash functions
  • Minimum of 7 years total experience, which includes 3 years relevant experience Business/MI Data Analytics/Data Modelling

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