JOE Listings (Job Openings for Economists)

August 1, 2017 - January 31, 2018

Western Alliance Bank

This listing is inactive.
Model Risk Management
Model Validation Quantitative Analysts, SVP/VP/AVP

JOE ID Number: 2017-02_111459570
Date Posted: 12/04/2017
Date Inactive: 01/31/2018
Position Title/Short Description
Title: Model Validation Quantitative Analysts, SVP/VP/AVP
Section: Full-Time Nonacademic
Location: Phoenix, Arizona, UNITED STATES
JEL Classification: 00 -- Default: Any Field
Model Validation
Model Risk Management
Full Text of JOE Listing:

Quantitative Analysts participate in model validation to ensure model risks are correctly identified, assessed, and managed. Senior Analysts duties include leading model reviews, offering guidance to Analysts and have responsibilities for meeting deadlines and presenting results to executives. Model validation review work is focused on models used to make business and operating decisions. This includes DFAST models, credit loss models, and familiarity with various vendor models.

Specific tasks:

 Assessing model theory and assumptions, including considering modeling methods and alternate options
 Testing and confirming model results, using documented procedures for running models
 Assessing computational accuracy by reviewing code documentation for proper model implementation
 Assessing the integrity of data inputs
 Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
 Presenting results of model validation work to senior management and making recommendations for improvements


 MS or PhD in Finance, Economics, Statistics, or related field
 Excellent quantitative modeling, analytical, research, and programming skills (e.g., SAS,
Stata, MATLAB, R)
 Strong written and verbal communication skills
 Good project management skills; ability to work independently on multiple projects and meet deadlines
 Be able to take initiative
Detail oriented

Application Requirements:
  • Application Instructions Below
Application Instructions:
Application Procedure: Qualified candidates can apply by sending a cover letter and resume to Jerry Plant with “Model Validation” in the subject line of the email.