What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
Job Description Summary
Quantitative models support and underlie many of the most important processes and decision-making functions at Bank of the West, including credit review, risk forecasting, and asset/liability management. To manage this risk, the Bank needs to validate periodically over 100 models, for risk management and regulatory compliance purposes. Responsible for model validation at the Bank. Occasionally leads a team of Model Validation professionals. Provides thought leadership in bringing efficiency in validation processes. Validate various models built to assess and quantify broad financial risk, market risk, operational risk, interest rate risk and other complex economic capital and stress testing models. Examines conceptual soundness of models being validated. Reviews and effectively challenges the underlying assumptions, theory, empirical evidence, limitations of the model being validated. Conducts thorough testing and provides critical review of conceptual and performance aspects of the model. Writes model validation reports describing the results of validation analyses. Interfaces with model stakeholders throughout validation process regulators and internal audit to discuss justification and reasoning behind validation findings.
Essential Job Functions
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Jan 20, 2018, 12:16:09 AM