Model Risk Consultant - Financial Crime/Operational Risk

First Horizon Bank

Charlotte, NC

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JOB DETAILS

SKILLS

Banking Services, Brokerage, Capital Markets, Commercial Banking, Communication Skills, Consulting, Data Analysis, Detail Oriented, Econometrics, Finance, Financial Fraud, Financial Operations, Financial Services, Fixed Income Investments, Maintain Compliance, Mathematics, Model Validation, Mortgage, Organizational Skills, Performance Modeling, Presentation/Verbal Skills, Private Banking, Python Programming/Scripting Language, Quality Assurance Methodology, R Programming Language, Regulatory Requirements, Research Skills, Retail, Risk, Risk Analysis, Risk Management, Risk Management Framework (RMF), Risk Modeling, Small Business, Statistics, Testing, Time Management, Wealth Management, Writing Skills

LOCATION

Charlotte, NC

POSTED

7 days ago

Location: On site at location listed in job posting

SUMMARY

At First Horizon, the Senior Model Risk Consultant, under the supervision of the Director of Model Risk Management, will be responsible for executing best-in-class model validation activities to ensure models across First Horizon are conceptually sound relative to their intended use and performing as expected as well as ensuring compliance with our bank-wide model risk management framework including its policies and procedures. This key member of the Model Risk Management team will work closely with model developers, owners, and business units to ensure effective governance and minimize model risk.

Primary Responsibilities

Validates Fraud, Financial Crimes, and AML/BSA models used by the Bank using various statistical and advanced testing techniques
Critically evaluates the conceptual soundness of models and evaluates alternative theories
Designs and executes appropriate tests to determine whether models work as designed and monitors existing models for adequate performance
Work collaboratively with other model risk analysts as well as model owners, developers, and users

Requirements

Master's degree in Mathematics, Computational Finance, Econometrics, Mathematics, Statistics, or related field
Three years of work experience in model validation. Relevant PhD work can be substituted for work experience.
Strong knowledge of regulatory requirements for Model Risk Management with proven track records of delivering regulatory requirements
Strong critical thinking skills and a detail-oriented nature to challenge models developed internally and by vendors
Excellent verbal and written communication skills are necessary (ability to explain complex ideas in simple, non-technical language)
In depth knowledge of modeling approaches to Fraud and AML/BSA

Preferences

PhD degree in Mathematics, Computational Finance, Econometrics, Statistics, or related field
Five years of model validation experience

Skills and Competencies

Proficiency in Python and R
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work under pressure and meet deadlines
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation

Hours

Monday - Friday
9:00 AM - 5:00 PM

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

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About the Company

First Horizon Bank

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Model Risk Consultant - Financial Crime/Operational Risk

First Horizon Bank

Charlotte, NC

About the Company

First Horizon Bank

Resume Resources

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