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Job Description:

At Regions, the Risk Quantitative Model Validation Analyst serves as a member of a key strategic team that is responsible for performing independent model risk oversight activities, including model identification, determination, classification, inventory management, validation, review, issue remediation testing, reporting, and related activities. The associate will test data products, including models and analytical tools, in the areas of fraud monitoring, cybersecurity, credit scoring, marketing BSA/AML/OFAC compliance, market risk, capital markets, operational risk, finance and accounting, loan pricing, deposit pricing, loan valuation, and economic capital. 

In Model Risk Management and Validation (MRMV), the Risk Quantitative Model Validation Analyst works with multiple teams of validation analysts, governance analysts, as well as automation specialists and mentors junior validation analysts while also contributing independently to validate highly complex quantitative models, including Artificial Intelligence (AI) and Machine Learning (ML) approaches. The ideal candidate has leadership experience, project management skills, as well as depth of knowledge in data management, visualization, automation, quantitative modeling methods and programming skills.

Primary Responsibilities

Proactively mentors and guides junior validation analystsPlans and manages multiple concurrent projectsLeads other associates in the performance of validation test work and other validation activitiesCarefully evaluates complex quantitative models and reviews many possible validation techniques that leverage data science before performing testingPerforms quantitative validation test work and summarizes test results, conclusions, and issues in validation reportsWorks with large, structured, and unstructured datasetsUses quantitative and analytical techniques to validate models focused on accelerating profitable growth and customer engagement, unlocking value across all functional areas of businessCommunicates model issues and limitations to key stakeholders and represents Regions with regulatorsUses Big Data tools (Hadoop, Spark, H2O, CDSW, etc.) to validate data analytics solutionsValidates Machine Learning and Artificial Intelligence modelsDemonstrates ability to continuously learn and provide value in a dynamic environmentDevelops, engages, and retains fellow MRMV associates as well as proactively identifies and develops interest in MRMV among internal Regions associates even when MRMV does not have a posting

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

Bachelor’s degree and seven (7) years of experience in a quantitative/analytical/STEM fieldOR Master’s degree and five (5) years of experience in a quantitative/analytical/STEM fieldOR Ph.D. and three (3) years of experience in a quantitative/analytical/STEM field Three (3) years of working experience in Machine Learning, Deep Learning, or Artificial IntelligenceThree (3) years of working programming experience in Python, R, Matlab, SAS or JavaTwo (2) years of working experience in Big Data Technology in Hadoop, Hive, Impala, Spark, or Kafka

Preferences

Background in banking and/or other financial servicesExperience in Agile Software DevelopmentChartered Financial Analyst (CFA), Financial Risk Manager (FRM), or other relevant certifications

Skills and Competencies

A control-focused mind-set with strong process improvement capabilities A proven track record of working in teams and of leading projectsAbility to manage multiple tasks and work effectively under pressure in a rapidly changing environmentAdvanced Structure Query Language (SQL) skills Attention to detail, initiative, and ability to work under tight deadlinesComfortable with both relational databases and Hadoop-based data mining frameworksCurrent knowledge of financial regulationsDeep understanding of statistical and predictive modeling concepts, machine learning approaches, clustering and classification techniques, and recommendation and optimization algorithmsExcellent written and oral communication skills, especially clearly explaining quantitative concepts to non-quantitative audiencesExpertise in analyzing large, complex, multi-dimensional datasets using a variety of tools like Python or R. Motivated, organized, and team-oriented Proficient in visualization tools like Power Business Intelligencer (BI)Strong business acumen with the ability to communicate with both business and Information Technology (IT) leadersStrong leadership and project management skills

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$127,945.40 USD

Median:

$169,410.00 USD

Incentive Pay Plans:

Opportunity to participate in the Long Term Incentive Plan.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location DetailsRegions Center

Location:Birmingham, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.