Credit Model Developer

First Horizon Bank

Birmingham, AL

Apply

JOB DETAILS

SKILLS

Accounting, Accounting Standards and Regulations, Analysis Skills, Bank Stress Testing, Banking Regulations, Banking Services, Basel III (Third Basel Accord), Brokerage, Business Model, Calibration, Capital Markets, Certified Public Accountant (CPA), Cloud Computing, Commercial Banking, Commercial Loans, Communication Skills, Comprehensive Capital Analysis and Review (CCAR), Credit Risk, Data Cleaning, Data Sets, Detail Oriented, Documentation, Dodd Frank Act, Econometrics, External Audit, Financial Services, Fixed Income Investments, Forecasting, Generally Accepted Accounting Principles (GAAP), Git, Identify Issues, Internal Audit, Interpersonal Skills, Investment Management, Machine Learning, Machining Operations, Markov Chains, Math Software, Mathematics, Microsoft Office, Model Validation, Mortgage, Mortgage Lending, Performance Analysis, Performance Testing, Presentation/Verbal Skills, Private Banking, Problem Solving Skills, Process Modeling, Production Systems, Python Programming/Scripting Language, Quantitative Analysis, R Programming Language, Regulations, Regulatory Reports, Regulatory Requirements, Retail, Risk Management, Risk Modeling, SQL (Structured Query Language), Scorecarding, Series 6, Small Business, Source Code/Configuration Management (SCM), Statistical Modeling, Statistics, Statistics Software, Stress Testing, Test Plan/Schedule, Time Series Analysis, Treasury, Use Cases, Wealth Management, Writing Skills

LOCATION

Birmingham, AL

POSTED

3 days ago

Location: On site in Birmingham, AL; Charlotte, NC

SUMMARY

Support the Credit Risk Models Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk models. These models are used for a variety of activities, including: CECL, stress testing, loss forecasting, origination, portfolio management, and economic capital. Responsibilities include sourcing, cleaning, and transforming data; researching applicable methods; training and testing a variety of specifications; documenting all facets of the development process; implementation of models and related logic in production systems; assessing outputs across different levels of inputs (sensitivity analysis and scenario analysis); back-testing and ongoing performance monitoring; and, communicating aspects of the model and its application to non-technical stakeholders.

The Credit Model Developer II can work independently most of the time and is familiar with some or all of the use cases.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Under the direction of senior members of the team, this position is primarily expected to:

Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources (including internal consumer, mortgage, and commercial loan systems, external bank data (e.g., Call Reports), and economic forecasts) to develop credit risk models for CECL, stress testing, scorecards, economic capital, or other credit risk-related initiatives.
Derive model assumptions that are well reasoned and supportable.
Implement models in code in a transparent and easily maintainable way.
Comprehensively and clearly document all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non-quantitative audiences.
Develop and support strong controls for the model implementation framework and maintain related documentation.
Support independent model validation process, internal and external audits, and regulatory reviews.
Interact with model owner/users, validators, and regulators to address model issues and remediation actions.
Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.
Monitor the performance and calibration of existing models.

POSITION'S ADDITIONAL RESPONSIBILITIES:

Work on various ad hoc quantitative, modeling, and programming assignments.

SUPERVISORY RESPONSIBILITIES

No supervisory responsibilities

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

PhD or Master's degree in Statistics, Econometrics, Mathematics or related quantitative field. A Bachelor's degree in a quantitative field with additional certifications or experience may be considered.

Minimum Experience:

3 years of model development or validation experience
Must have advanced quantitative statistical modeling skills (Regression, Time Series, Survival Analysis, Markov Chain, etc.)
PhD or master's degree in Statistics, Econometrics, Mathematics or related quantitative field. A bachelor's degree in a quantitative field with additional certifications or experience may be considered.
Experience with Python and SQL
Strong analytical and critical thinking skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills

Preferred Experience:

5 or more years of model development or validation experience, particularly in credit risk or stress testing.
Working knowledge of Python, R, SAS, and SQL.
Knowledge of Git-based machine learning operations practices in the cloud (MLOps)
Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.
Ability to clearly articulate, in writing or orally, ideas, analytic insights, and recommendations to both technical and non-technical audiences, including an executive audience.
Ability to use advanced statistical and mathematical software to perform descriptive, predictive, and prescriptive analysis leveraging a variety of statistical techniques (such as segmentation, logistic regression, sensitivity analysis, and machine learning).
An ability to identify key problems, conduct in-depth research, and articulate well-reasoned solutions.

COMPUTER AND OFFICE EQUIPMENT SKILLS

Knowledge of Python, R, SAS, or SQL
Proficiency in the use of Microsoft Office with advanced experience in Excel
Familiarity with software version control systems, such as Git

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)

None required

About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .

Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

Follow Us
Facebook
X formerly Twitter
LinkedIn
Instagram
YouTube

About the Company

First Horizon Bank

Resume Resources

Free Resume Templates Free Resume Builder