Junior Model Validation and Risk Analyst

Description

Job Summary: A professional to monitor financial operations, focused on mitigating risks associated with internal models and ensuring governance and performance through backtesting. Key Highlights: 1. Risk mitigation for internal financial operations models 2. Definition of model governance policies and guidelines 3. Periodic evaluation of model performance via backtesting **Description and Responsibilities:** **Working Hours:** Monday to Friday, from 9:00 AM to 6:00 PM **Level:** Professional **Employment Type:** Permanent – CLT The Financial Operations Monitoring area is responsible for mitigating risks associated with the use of internal models developed by the Sicoob Cooperative Center (CCS), which are employed in Sicoob’s risk management. Within this area, the Model Risk Management Unit defines policies, minimum documentation requirements, best practices, and governance guidelines for the development, implementation, usage, and monitoring of models, as well as periodically evaluates their performance through backtesting. **Responsibilities:** * Execute and monitor model risk indicators to track the institution’s exposure to potential model failures, limitations, or deviations; * Maintain an up-to-date centralized inventory of all models used by the institution, including information on purpose, responsible parties, scope, version, and validation status; * Periodically evaluate the performance of relevant models, including, where applicable, comparisons between estimated and observed losses (backtesting); * Verify whether models are adequately monitored and whether established limits are respected. **Requirements:** **Mandatory Requirements:** * Bachelor’s degree completed in Statistics, Mathematics, Physics, Engineering, or related fields; * Experience in database manipulation using SAS, Python, or R, and in statistics; * Knowledge of statistical models, data analysis, and data science **Benefits:** Childcare/Babysitter Allowance, Undergraduate and Postgraduate Scholarship Program, Christmas Basket, Day Off – Year-End, Extended Maternity Leave, Extended Paternity Leave, Annual Profit-Sharing Program, Health Insurance Plan, Dental Insurance Plan, Multi-Sponsored Private Pension Plan, Soft and Hard Skills Development Program, Internal Mobility Program – Internal Opportunity Matching, “Viver Bem” (Well-Being) Program, Life Insurance, Sicoob Corporate University, Meal Voucher, Food Voucher, Transportation Voucher (optional), Wellhub