Director Of Quantitative Model Validation

Ameriprise Financial is looking to add a Director of Quantitative Model Validation to the team! This role will report directly to the VP of Quantitative Model Validation and manages a team of quantitative model validation analysts to test and evaluate the conceptual soundness of models and assess limitations and suitability for use.

Key Responsibilities:

• Act as a subject matter expert in the key model risk area of Stress testing and Capital Adequacy Analysis, Financial and Investment Risk, and Market Risk.

• Lead and execute model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for low-, moderate-, or high-risk models.

• Manage a team of junior quantitative model validation analysts to test and evaluate the conceptual soundness of models and assess limitations and suitability for use.

• Act as a subject matter expert in areas such as Statistical and Stochastic processes, Finance/Banking/Econometrics and/or Portfolio Investment Management models.

• Work with key business partners to deepen company's model risk management practice and successfully influence to build the best in industry practice.

Required Qualifications:

• Minimum of 6 years of experience in model risk management in banking or insurance.

• Master's degree in computational finance, economics, science, data science, math, statistics, or related area.

• Advanced education such as PhD degree and relevant work experience may be interchanged to meet the combined total years of minimum required qualifications for education and experience.

• Prior people leadership experience with a proven track record of mentoring and developing people.

• Proven ability to apply both strategic and analytic techniques to provide business solutions and recommendations.

• Ability to work independently with high initiative and comfortable working in a collaborative team environment.

• Proven success in presenting complex information to senior management in a compelling fashion.

• Strong written and verbal communication skills.

• Leads organizational change with varying audiences, can successfully influence partners.

Preferred Qualifications:

• PhD in science, math, statistics, or related field

• Familiar with SR 11-7/OCC 2011-12.

• Model development and/or validation experiences in Artificial Intelligence/Machine Learnings.

• Model development and/or validation experiences in Insurance and actuarial models.

About Our Company

We're a diversified financial services leader with more than $1 trillion in assets under management and administration. Our team of 20,000 people in more than 20 countries advise, manage and protect the assets and income of more than 2 million individual, small business and institutional clients. We are a long-standing leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial Services, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Business Support & Operations

Line of Business

FIN Finance