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lity to mitigate risk for individual models and in the aggregate. Conduct reviews of complex data science and machine learning models across the organization through audit engagements and technical reviews of models. Serve as a subject matter expert to Internal Audit staff, senior management and business partners on end-to-end life-cycle management of model development, implementation, ongoing monitoring, regulatory expectations, and industry modeling practices. Conduct work assignments of increasing complexity, under moderate supervision with some latitude for independent judgment. Intermediate professional within field; requires moderate skill set and proficiency in discipline.
Responsibilities
Responsible for assessing model governance processes including model inherent risk ratings, model validations, materiality of model changes, and other reviews of models as part of model -related governance audits.
Leverages specialized technical approaches to develop, implement, and execute model testing plans for models that require expert model risk knowledge and skills.
Executes independent internal audit reviews of models to ensure the independent model audit process compliant with the written risk and compliance policies and procedures at a subject matter expert level.
Evaluates model development, implementation, and use as it pertains to elements of model conceptual soundness, model assumptions, modeling methodology, model limitations, data quality, ongoing monitoring, and other more complex elements of the model development process.
Identifies meaningful insights from large data and metadata sources
Test hypotheses/models, analyze, and interpret results
Exercise sound judgment and discretion within defined procedures and practices
Develop and code moderately complex software programs, algorithms, and automated processes
Use modeling and trend analysis to analyze data and provide insights
Develop understanding of best practices and ethical AI
Transform data into charts, tables, or format that aids effective decision making
Build working relationships with team members and subject matter experts
Lead small projects and initiatives
Utilize effective written and verbal communication to document and present findings of analyses to a diverse audience of stakeholders
Qualifications
5-7 years of experience in data analysis, statistical modeling or regression analysis, including language models, LLMs and/or Generative AI technologies
Basic understanding of business and operating environment
Statistics
Programming, data modeling, simulation, and advanced mathematics
SQL, R, Python, Hadoop, SAS, SPSS, Scala, AWS, Databricks
Model lifecycle execution including model development, validation, and governance
Technical writing
Data storytelling and technical presentation skills
Research Skills
Interpersonal Skills
Working knowledge of procedures, instructions, and validation techniques
Model Development
Communication
Critical Thinking
Collaborate and Build Relationships
Initiative with sound judgement
Technical (Big Data Analysis, Coding, Project Management, Technical Writing, etc.)
Sound Judgment
Problem Solving (Responds as problems and issues are identified)
Master's Degree in Data Science, Statistics, Mathematics, Computers Science, Engineering, or another quantitative or related field
Desired Qualifications:
Prior experience with enterprise risk management, model risk management, or internal audit
Deep knowledge and experience with SR 11-7 and/or ASOP 56
Understanding of various models and modeling practices used in credit risk management, fraud detection, BSA/AML, operations, treasury & finance, marketing models, etc.
Knowledge of one or more regulations such as CECL, CCAR, Anti-Money Laundering, ECOA, FCRA, etc.
Advanced knowledge of Navy Federal Credit Union instructions, standards, and procedures
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane, Vienna, VA 22180 | 5510 Heritage Oaks Drive, Pensacola, FL 32526
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.
Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at [email protected] or by calling 1-888-503-6013. This team cannot provide any information on job postings or application status.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site.
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Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.