Regions Financial

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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Job Description:

At Regions, the Risk Quantitative Model Validation Manager will be responsible for the management and technical leadership of a team of model validation analysts.

Primary Responsibilities

• Manages the validation and oversight for a portfolio of models in one or more model families (e.g., credit, market, stress testing, etc.)
• Plans and oversees validation activities performed by the team and maintains a schedule of validation activities and resources
• Guides the team in effective and efficient validations
• Takes responsibility for the quality and timeliness of their team’s output
• Ensures that their team follows applicable procedures
• Participates directly in validation activities as need arises and time allows
• Communicates model issues and limitations with stakeholders
• Assists their team members in goal setting and tracks and evaluates their performance
• Assists the business in response to regulatory exams
• Meets with regulators and Internal Audit as needed

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

This position is incentive eligible.

Requirements

• Bachelor’s degree and eight (8) years of experience in a quantitative/analytical/STEM field of which two (2) years should be in a supervisory/managerial capacity
• Or Master’s degree and six (6) years of experience in a quantitative/analytical/STEM field of which two (2) years should be in a supervisory/managerial capacity
• Or PhD and four (4) years of experience in a quantitative/analytical/STEM field of which two (2) years must be in a supervisory/managerial capacity

Preferences

• Ph.D. in Economics, Engineering, Finance, Mathematics, Statistics or a related field
• Experience managing quantitative analysts
• Financial Risk Manager (FRM), Chartered Financial Analyst (CFA)
• Hands-on experience validating and/or building quantitative models

Skills and Competencies

• Ability to balance multiple priorities
• Able to balance quantitative theories and practical business settings
• Current knowledge of financial regulations
• Deep understanding of statistical and predictive modeling concepts
• Excellent resource planning skills
• Excellent written and verbal communication

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:

$131,778.90 USD

Median:

$174,490.00 USD

Incentive Pay Plans:

This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.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 Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate 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 Details

Regions 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.

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