New York Community Bank
Model Validation Manager (Finance)
NEW YORK COMMUNITY BANK.
Based in Westbury, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. New York Community Bank serves customers through over 200 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.
To learn more about the NYCB Family of Banks visit us at www.MyNYCB.com .
Help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.
NYCB is an equal opportunity employer that prohibits discrimination on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information and any other classification protected by applicable federal, state, or local law or ordinance.
This policy against discrimination applies to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. NYCB will consider reasonable accommodations for employees and applicants with disabilities, as well as accommodations that are necessary for an employee to practice their religious faith.Lead the development and administration of the model validation program concerning regulatory guidelines, requirements, and expectations set forth in Model Risk Management (MRM) guidance and policy. Review models including conceptual soundness, limitations, assumptions, methodology, and data analysis. Create benchmark models and review model development documentation, ongoing performance monitoring, and outcome analysis. Direct validation and approval of models including BSA/AML, statistical and econometric models. Manage a team of 7 quantitative analysts in completing the model validation schedule.
Master's Degree Finance, Computational Finance, or closely related and two years of experience in the job offered or two years of Model Validation experience in the Banking industry. Or Bachelor's Degree in the same field and five years of progressive, post-baccalaureate experience which includes two years of experience in the job offered or two years of Model Validation experience in the Banking industry; or any suitable combination of education, training or experience. Requires two years of experience in Statistical techniques used in Credit Loss Models (Time series analysis, logistic/linear regression, modeling, cash flow modeling) using SAS, R or MATLAB.