Credit Model Developer

Description

Location: On site in Birmingham, AL; Charlotte, NC

SUMMARY

Support the Credit Risk Models Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk models. These models are used for a variety of activities, including: CECL, stress testing, loss forecasting, origination, portfolio management, and economic capital. Responsibilities include sourcing, cleaning, and transforming data; researching applicable methods; training and testing a variety of specifications; documenting all facets of the development process; implementation of models and related logic in production systems; assessing outputs across different levels of inputs (sensitivity analysis and scenario analysis); back-testing and ongoing performance monitoring; and, communicating aspects of the model and its application to non-technical stakeholders.

The Credit Model Developer II can work independently most of the time and is familiar with some or all of the use cases.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Under the direction of senior members of the team, this position is primarily expected to:

• Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources (including internal consumer, mortgage, and commercial loan systems, external bank data (e.g., Call Reports), and economic forecasts) to develop credit risk models for CECL, stress testing, scorecards, economic capital, or other credit risk-related initiatives.

• Derive model assumptions that are well reasoned and supportable.

• Implement models in code in a transparent and easily maintainable way.

• Comprehensively and clearly document all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non-quantitative audiences.

• Develop and support strong controls for the model implementation framework and maintain related documentation.

• Support independent model validation process, internal and external audits, and regulatory reviews.

• Interact with model owner/users, validators, and regulators to address model issues and remediation actions.

• Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.

• Monitor the performance and calibration of existing models.

POSITION’S ADDITIONAL RESPONSIBILITIES:

• Work on various ad hoc quantitative, modeling, and programming assignments.

SUPERVISORY RESPONSIBILITIES

1. No supervisory responsibilities

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

PhD or Master’s degree in Statistics, Econometrics, Mathematics or related quantitative field. A Bachelor’s degree in a quantitative field with additional certifications or experience may be considered.

Minimum Experience:

• 3 years of model development or validation experience

• Must have advanced quantitative statistical modeling skills (Regression, Time Series, Survival Analysis, Markov Chain, etc.)

• PhD or master’s degree in Statistics, Econometrics, Mathematics or related quantitative field. A bachelor’s degree in a quantitative field with additional certifications or experience may be considered.

• Experience with Python and SQL

• Strong analytical and critical thinking skills with high attention to detail and accuracy

• Excellent verbal, written, and interpersonal communication skills

Preferred Experience:

• 5 or more years of model development or validation experience, particularly in credit risk or stress testing.

• Working knowledge of Python, R, SAS, and SQL.

• Knowledge of Git-based machine learning operations practices in the cloud (MLOps)

• Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.

• Ability to clearly articulate, in writing or orally, ideas, analytic insights, and recommendations to both technical and non-technical audiences, including an executive audience.

• Ability to use advanced statistical and mathematical software to perform descriptive, predictive, and prescriptive analysis leveraging a variety of statistical techniques (such as segmentation, logistic regression, sensitivity analysis, and machine learning).

• An ability to identify key problems, conduct in-depth research, and articulate well-reasoned solutions.

COMPUTER AND OFFICE EQUIPMENT SKILLS

• Knowledge of Python, R, SAS, or SQL

• Proficiency in the use of Microsoft Office with advanced experience in Excel

• Familiarity with software version control systems, such as Git

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)

None required

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at

Benefit Highlights

• Medical with wellness incentives, dental, and vision

• HSA with company match

• Maternity and parental leave

• Tuition reimbursement

• Mentor program

• 401(k) with 6% match

• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

Follow Us

Facebook

X formerly Twitter

LinkedIn

Instagram

YouTube

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights ( notice from the Department of Labor.