At Texas Capital Bank, we are driven by a single-minded and unwavering mission: to serve business and the individuals who run them. We use a consultative approach and innovative technologies to develop new ideas that give the bank and our clients a competitive advantage. We partner with our customers to push the boundaries of what's possible—together.
Headquartered in Dallas, Texas Capital Bank has offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, and we serve clients in a variety of industries from coast-to-coast.
This individual will assist in the development, implementation, and analysis of all model documentation and reports, validations of existing models, review of new and changed models, and overall model life-cycle monitoring. The position is within the Bank's Model Risk Management team and part of the Second Line of Defense per regulatory guidance.
Review and assess risks associated with development, testing, use and implementation of models bank-wide
Test and validate quantitative models. Prepare model validation report and present findings to business unit and senior management.
Provide effective challenge to model owners on input and assumptions used, methodology, output and model performance
Follow up with model owners to monitor and resolve findings
Perform periodic model reviews to monitor model performance. Evaluate model changes and present recommended actions
Determine adherence to bank policy and established standards throughout the model life cycle
Support the Bank's End User Computing program
Coordinate with team members and management on risk program activities and status
Execute multiple risk program activities simultaneously against established time-frames
Engage in interaction with model owners, model developers and regulatory personnel
Assist with education and training on risk program and requirements
Prepare appropriate documentation to support risk assessments and testing
Bachelor's degree (Masters preferred) in Statistics/Applied Mathematics, Econometrics, Finance, Economics or other quantitative discipline
Minimum 2 years of working experience in financial institutions, preferably in an analytical, risk, compliance/audit or regulatory function; prior model risk and/or model development experience would be a strong plus.
Experience of performing in-depth quantitative analysis and validation of financial models
Experience with statistical tools – R, SAS, and/or SQL
Exceptional verbal and written communication, collaboration, and time management skills
Strong ability to communicate complex technical results to non-quantitative audience
Strong Microsoft application knowledge (Excel, Word, Access, PowerPoint and Outlook) and aptitude for grasping and using various bank software applications
Strong analytical and problem solving skills
Excellent interpersonal skills and a team player
Work independently and coordinate with the work of others
Well organized and detail oriented to handle diverse and concurrent assignments
Additional qualifications (at least one is required):
Experience of validating DFAST/CCAR, Allowance (ALLL/CECL), IRR and/or BSA/AML models is a plus
Understanding of financial theory and models in one or more of the following areas: credit risk, market risk, operational risk, asset & liability management, and economic capital calculation
Experienced in Bank Regulatory (OCC, Federal Reserve, FDIC), Public Accounting/Consulting, and/or Internal Audit experience in the Banking/Financial Services industry
Familiar with applicable regulatory guidance (e.g. OCC 2011-12, Dodd-Frank, et al)
Knowledgeable in risk management processes, change management, oversight and governance, consulting, banking or similar in the financial services industry
Internal Number: 6627608
About Texas Capital Bancshares Incorporated
eFinancialCareers is a career site specializing in financial services.