Model Validation Director (Credit Risk)

Summary:

The Model Validation Director (Credit Risk) will oversee validation and risk assessment activities for models used in business and financial decision-making processes. The Director will be leading an organization that is responsible for conducting independent Model Validation and model governance activities to help identify, measure, and mitigate model risk at Huntington. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which have been approved, and that model users are aware of the model limitations and how they could impact business decisions. It is paramount that the leader of the organization creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization. This position’s group is responsible for conducting Model Validation and governance through the model lifecycle to help identify, measure, and mitigate model risk. Also, this role acts as a key leader in the organization and influences the first and second lines of defense.

Location: Columbus, OH – Charlotte, NC – Detroit, MI – Chicago, IL – Minneapolis, MN - Boston, MA

Work Arrangements: Hybrid

Duties & Responsibilities:

• Serve as Subject Matter Experts in at least two of the following areas.
  • Credit Risk Modeling that covers both retail products such as residential mortgage, home equity loans, home equity line of credit, indirect auto loans and credit cards, and commercial products such as Commercial and Industrial loans and commercial real estates.
  • Treasury Modeling that includes asset liability management models, prepayment behavior models, liability characteristics study, liquidity stress testing models, and investment portfolio market to market.
  • Market Risk Modeling that includes market risk VaR, Potential Future Exposure models, and valuation models on interest rate swaps, FX and commodity derivatives.
  • Artificial Intelligence/machine learning models.
  • Fraud and Anti Money Laundering models.
• Lead an organization in completing end-to-end Model Validation projects; review and provide effective challenge to the development, implementation, and use of mathematical models (including machine learning algorithms); bring value-adding data discoveries and insights to business lines.
• Build and maintain strong relationships with stakeholders within Huntington’s model development and end user community to enhance collaboration, advise and consult on risk reduction and mitigation strategies, and facilitate escalation when challenging first line decisions.
• Evolve and execute the model risk strategy for a growing inventory of machine learning models, to include oversight, validation, controls and standards of governance, leading teams to identify efficiencies through automation, and process redesign.
• Demonstrate management and leadership capability, including knowledge of effective change management techniques, to lead people through an evolving and transformational environment.
• Serve as subject matter expert for specific modeling techniques.
• Lead research efforts and analytical work related to data, modeling techniques and model evaluation.
• Stay abreast of emerging modeling techniques and evolving regulatory expectations, develop validation approaches, and incorporate them into model risk practices as appropriate.
• Managing regulatory relationships, ensuring the demonstration of a robust internal model risk governance framework.
• Perform other duties as assigned.

Basic Qualifications:

• Master’s Degree in quantitative disciplines (Computer Science, Applied Mathematics, Economics, Statistics, Physics, Engineering or similar)
• 10+ years of related experience, with at least 5+ years of experience in applied quantitative research or model development for banking financial products, including machine learning experience with demonstrated leadership excellence

Preferred Qualifications:

• PhD in quantitative disciplines
• In depth knowledge of machine learning techniques (supervised and unsupervised), natural language processing, data mining as well as experience in probability theory, econometrics, statistics, numerical methods.
• Clear communication skills to all levels of management (written and verbal)

• Perform supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing staff.

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Workplace Type:

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

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