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Northwest Bank MODEL RISK QUANT ANALYST in Independence, Ohio

DescriptionThe Model Risk Quantitative Analyst is responsible for producing clear and in-depth model validation and review reports independently on all models within the company, identifying and quantifying model risk components and uncertainties under various banking regulations (SR 11-7, Basel, etc.). This individual will perform research and analysis to effectively challenge model methodologies (pros and cons, alternatives).QUALIFICATIONSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.EducationEducation LevelEducation DetailsReqPrefMaster's DegreeStatistics, Operations Research, Mathematics, Economics, Engineering or other quantitative disciplinesXPh. D. DiplomaStatistics, Operations Research, Mathematics, Economics, Engineering or other quantitative disciplinesXWork ExperienceExperienceExperience DetailsReqPrefLess than 2 yearsFinancial services risk management modeling, validation, or quantitative analysisXExperience in the area of risk management, consumer/commercial credit risk, operational risk, market risk, or asset liability managementXExperience working in model validationsXRole Type for KSAsGeneral EmployeeGeneral Employee KSAsProficiency*Ability to establish effective working relationships among team members and participate in solving problems and making decisionsWorking*Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or writtenWorking*Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and informationWorking*Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and informationWorking*Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areasWorkingAdditional Knowledge, Skills and AbilitiesKSAsProficiencyKnowledge of complex statistical modeling methodologies and advanced analytics.ExtensiveKnowledge of regulatory requirements such as SR 11-7 and OCC 2011-12Extensi