Shire Jobs

Reference #: 2024-01332 Primary Office Location:30 Isabella Street. Pittsburgh, Pennsylvania. 15212.

Join our team. Make a difference - for us and for your future.nPosition Title:  Model Validation Specialist Business Unit: Risk Management Reports To: Director of Enterprise Risk Management

Position Overview: This position is primarily responsible for all aspects of model validation activities used for evaluating model risk for all parts of the enterprise.  The incumbent performs validations of quantitative models in compliance with OCC 2011-12 and our Model Validation Policy and Guidelines including various model types such as Var Models, simulation models, pricing and asset valuation models, capital models, loss forecasting models, credit scoring models, trading models and asset and liability management models applied to a wide variety of assets and liabilities.

Primary Responsibilities: Understands the conceptual framework and assumptions of statistical and business models used throughout the organization.  Understands how models are used in the business decision making process and the material impact to our financial statement and risk measurement. Collects data and assumptions that are used in the models including model output in preparation for the model validation. Conducts robust and comprehensive model validation testing and analysis according to the corporation's Model Validation Policy and Guidelines.  Independently reproduces statistical analyses to validate model outputs. Assesses model risks and limitations and makes recommendations on model use and remediation of model deficits.  Writes reports detailing conclusions of the model validation and present findings and recommendations to senior leaders. Participates in other model validation activities such as the discussion of Model Validation Policy and Guidelines and the improvement of model validation practices. Interfaces with senior leaders, quantitative analysts and regulators to explain and defend model validation results. Helps business units set up action plans to resolve findings resulting from model validations.  Tracks action plans related to model validation findings and provide periodic reporting to senior management and regulators. Performs other related duties and projects as assigned. All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program. F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines.  Compliance with regulatory laws and company procedures is a required component of all position descriptions.

Minimum Education: MA or MS

Minimum Years Experience: 5

Special Skills: Excellent project management skills Excellent communication skills, both written and verbal Excellent customer service skills Excellent organizational, analytical and interpersonal skills Ability to use a personal computer and job-related software MS Word - Basic Level MS Excel - Intermediate Level MS PowerPoint - Basic Level PhD preferred.  Education in Mathematics, Statistical Modeling, Computational Finance, Economics or related.  Experience with development of testing methodologies and creation of working papers and SAS or similar software.

Special Licenses and Certificates: N/A

Physical Requirements: N/A

It is the policy of F.N.B. Corporation and its affiliates not to discriminate against any employee or applicant for employment because of his or her race, color, religion, sex, sexual orientation, gender identity, national origin, or because he or she is an individual with a disability or disabled veteran, Armed Forces service metal veteran, recently separated veteran, or active duty wartime or campaign badge veteran. F.N.B. Corporation and its affili tes provide all applicants and employees a discrimination and harassment free workplace.  Please Visit following page for important legal disclosures and information: https://www.fnb-online.com/disclosures