Validation Analyst Job Description
Validation analyst
provides application support to Constellation’s ETRM system (OpenLink Endur), including defect management, Issue analysis, application documentation and system training.
Validation Analyst Duties & Responsibilities
To write an effective validation analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included validation analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Understand the conceptual framework and assumptions of the models
Provide independent review and validation of internal rating scorecard methodologies for both PD and LGD ratings
Closely work with other teams within Credit Department to provide regular ongoing model performance assessments
Develop/implement validation methodologies and standards
Develop and apply a variety of statistical tests and modelling techniques to identify/recommend improvements to models and undertake related initiatives
Implement and evaluate external models used for benchmarking internal model performance
Actively participate with business partners in internal data management to ensure data integrity and the completeness of data capture for model validation and development purpose, meet Basel requirements on data capture and retention
Review existing approved ISDA
Review and audit the pricing confirming the offer contains the proper pricing and/or discounts that the customer is eligible to receive
Review and audit the offer confirming the terms and conditions and other items are correct as per the customer's Group purchasing organization membership and other behavioral obligations
Validation Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Validation Analyst
List any licenses or certifications required by the position: CFA, FRM, II, IAT, CISA, AF, DOD, GSNA, CEH, CPA
Education for Validation Analyst
Typically a job would require a certain level of education.
Employers hiring for the validation analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Engineering, Mathematics, Statistics, Education, Finance, Computer Science, Business, Physics, Economics, Management
Skills for Validation Analyst
Desired skills for validation analyst include:
Any other system
BlackRock
FIncad
Financial valuation system
Intex
Intrader
OpenLink
Polypaths
RiskMatrics
Summit
Desired experience for validation analyst includes:
Minimum of 2 years’ experience in model validations/reporting
Must be able to work independently and as an effective team member
Must be proficient in MS Office applications, especially MS Excel
Proficiency in SAS Model Manager Tool is a plus
Background in regulatory laws and regulations, including Unfair or Deceptive or Abusive Acts or Practices (UDAAP)
Programming background in SAS is required
Validation Analyst Examples
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Validation Analyst Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of validation analyst. 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 validation analyst
- Prepare monthly statistical reports on the audit activity
- Validation test work includes, but is not limited to, evaluating the conceptual soundness and implementation of the methodology, the validity of assumptions, the quality of data, and the accuracy of the outputs
- Writes and revises validation reports and issues
- Responsible for providing information to Analysts so they can stay current on enhancements or upgrades implemented by the primary payroll or time reporting systems utilized
- Responsible for maintaining good working relationship with stakeholder groups, and understanding of their strategic initiatives and goals
- Facilitate the validation process implementation of system upgrades, including duties of guiding, testing, supporting the introduction, and ongoing support of software systems
- Participate as a member of the Project teams where needed and helps provide direction on future enhancements to the system
- 10% Participates in departmental and corporate process initiatives
- 5% Prepares for and represents department within relevant system related client / audit forums
- Attends and assists with audits
Qualifications for validation analyst
- Experienced in handling and assessing large data sets
- Proven experience with statistical modeling
- Demonstrated database and data systems expertise
- Good understanding of finance models and financial accounting
- University degree and / or Ph.D
- Strong experience in a process oriented project environment
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Validation Analyst Job Description
Job Description Example
Our company is hiring for a validation analyst. 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 validation analyst
- Obtain the required model documentation from the model developer and model owner
- Record the various stakeholders and model details in the Group Models Database (GMD)
- Assess the model against internal policies and standards any regulatory requirements
- Identify any model limitations or shortcomings that will negatively impact the outputs of the models
- Updates model inventory of all models utilized by company across multiple lines of business including credit, interest rate, risk ratings, economic capital, capital market valuation, credit risk parameters, pricing & profitability, loan loss reserves, and measurement of other risk types including operational and market risk
- Coordinates and conducts model validation processes and monitors adherence to internal policies, procedures and regulatory guidelines
- Collaborates and interacts with management, model owners/users throughout the company and with third-party model validation providers
- Understands how models are used in the business decision making process and material impacts to financial statements and risk measurement
- Understands model development and validation methodologies, policies, procedures & processes
- Recommends model documentation revisions as needed to model risk program documentation
Qualifications for validation analyst
- An understanding of Basel Credit Risk RWA calculations and regulatory reporting processes
- Excellent analysis skills, including data analysis skills
- Educated to minimum of degree level or equivalent professional qualification
- Ability to professionally and effectively present information and respond to questions from a range of stakeholders
- Proficiency in creatively problem solving
- Ability to quickly attain understanding of new systems and processes
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Validation Analyst Job Description
Job Description Example
Our innovative and growing company is looking for a validation analyst. 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 validation analyst
- Document and report model validation results, issues, problems to manager of Model Validation Group
- Interacts with model owners/users to address model issues and remediation actions
- Review model validations performed by junior analysts and provides coaching/mentoring
- Attends Model Governance Committee meetings
- Supports Model Validation Group manager in reporting and responding to Federal Reserve, FDIC, and other pertinenet regulatory bodies pertaining to enterprise risk management audits and related activities
- Assists unit manager in reviewing contracts and making recommendations related to engagement of model validation vendors for professional services
- Conducts periodic model risk assessments and takes appropriate action(s) as required
- Acts as a consultant to affiliates on matters pertaining to model risk management
- Uses knowledge of underwriting principals and the end-to-end loan process to review, analyze and interpret information in the Recap
- Gathers and enters into the system of record required data that is not included in the RECAP from various internal and external sources
Qualifications for validation analyst
- Rapidly develop understanding of HSBC FDSF solution
- Ensure that models are adequately documented for internal and external
- Graduate degree in Statistics, Actuarial Sciences, Econometrics, or other related fields
- Familiarity with leading model risk management practices and applicable regulatory guidance Model Validation Analyst, Senior
- Experience in model development or validation with an advanced knowledge of financial modeling and statistical analysis techniques
- Experience in model development or validation with an advanced knowledge of statistical analysis techniques is a plus
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Validation Analyst Job Description
Job Description Example
Our growing company is looking for a validation analyst. 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 validation analyst
- Test and validate quantitative models
- Interact with quantitative staff to gather model related information and clarify model related questions
- Interact with business unit staff to gather model related information and clarify model related questions
- Communicate findings and recommendations with Ratings Quality and Ratings Business
- Enhance procedures for model validation to meet new standards
- Conducing the Independent Validation of new and existing models, if and when being performed internally
- Collecting and reviewing clearing member feedback as part of the validation process
- Reviewing and interpreting the results of on-going model performance tests
- Conducting any necessary quantitative or qualitative assessment of clearing member credit risks as a challenge to the regular risk measurement and assessment responsibility of the first line functions
- Providing materials discussing an independent opinion on models’ effectiveness and performance to relevant internal and external stakeholders (including to the Executive, Board and Committees)
Qualifications for validation analyst
- At least a Bachelor degree in statistics, econometrics or other quantitative fields
- Strong knowledge of testing practices & approaches, and defect management
- Must be able to work in the Toronto Lab to complete testing as needed
- Able to work outside regular business hours for overnight deployments
- Strong technical aptitude in order to understand/apply complex technical configuration
- Strong analytical communication skills (written and verbal)
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Validation Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of validation analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for validation analyst
- Confer with personnel to analyze operational procedures identify problems and learn specific requirements per Abbott Informatics QMS
- Review all RT claims to ensure all internal and external requirements are met
- Report daily metrics on process stability and failures
- Conduct ongoing training sessions to improve associate knowledge
- Liaising with other internal departments to ensure timely resolution of investigations
- Create high quality QSSV reports that are consistently clear, factually accurate and concise
- Participates in and contributes to internal user group meetings to share knowledge and provides latest update/features
- Independent validation of all corporate risk models, including credit risk (PD, LGD), forecasting, compliance and operational risk models and other model types
- Preparation of comprehensive independent validation projects and processes among multiple stakeholders
- Updates inventory of all models utilized by company across multiple lines of business including but not limited to financial planning, credit risk management, asset and liability management, anti-money laundering, and Dodd-Frank Act Stress Testing (DFAST) models
Qualifications for validation analyst
- Strong organizational skills and able to manage multiple deadlines and priorities concurrently
- Ability to think outside the box and deviate from standard testing methodologies, when formulating test strategies
- Quick Learner, with an ability to pick things up under minimal supervision
- Master’s degree in quantitative field such as statistics, economics, business finance, mathematics, or other related discipline with 3+ years of industry experience
- Prior experience with predictive modeling such as credit risk model development and/or validation preferred
- Experience with model risk management and/or compliance highly preferred