• Location: Atlanta, Georgia, United States

Job description

The Model Risk Management unit is responsible for Model Risk Management for BBVA Compass as well as BBVA USA.Central to its purpose is making sure that model risk across the enterprise is appropriately identified, modeled, validated, understood, documented and incorporated into management routines as appropriate. Model Risk Management is also responsible for overseeing the Model Governance program and this program''s compliance with regulatory requirements, including SR 11-7 and OCC 2011-12.
This role will support the execution of the Bank''s model validation process and ensure the ongoing implementation of model validation best practices. The objective of the validation process is to provide reasonable assurance that the qualifying models used in capital stress testing, risk measurement, pricing and profitability, and management decision making are working as intended, and to provide recommendations for ongoing model improvement to enhance model effectiveness.


Responsible for the independent validation of assigned models.
Review the underlying assumptions, theory, empirical evidence, implementation and limitations of the model and evaluate the model''s performance.
Perform validation and analysis of expert judgment or qualitative factors that augment quantitative models; review to confirm proper controls and adequate documentation are in place.
Work closely with model users, developers and risk management colleagues to facilitate the model validation process.
Work with business units to plan model validations and to present the findings of these validations to senior management.
Learn and adapt in an unexplored field and, if necessary, perform model validation of specialized models.
Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industry in order to provide expert guidance to the businesses.
Support regulatory examinations and internal audits of the modeling process and component models.
Lead meetings with model owners to discuss current portfolio tracking and business observations.

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