Location: 127 Public Square - Cleveland, Ohio 44114 Sr. Model Risk Validation Director The Model Validation Sr. Director is responsible for leading a team of quantitative individuals in the execution of model validation activities aligned with internal and external standards to ensure models across Key are conceptually sound relative to their intended use and performing appropriately. The Sr. Model Validation Director also helps disseminate model risk best practices by influencing stakeholders to comply with the program. The Sr. Model Validation Sr. Director reports to the Chief Model Risk Officer, who reports to the Chief Risk Officer within Risk Management at KeyBank. Principal Accountabilities * Lead validation staff focused on understanding and challenging the conceptual framework and assumptions of models, perform independent testing, identify model limitations, and identify model problems that need to be remediated. * Lead robust and comprehensive model validation testing in line with internal standards and regulatory expectations. Includes written model documentation, holding discussions with model developers, partnering with LOB users and other areas of Risk Management, and collecting data, assumptions, and code that are used in the models. * Supervise the creation of detailed reports stating conclusions of the model validation and present findings and recommendations to senior leaders. Work with model owners to see that model deficits are remediated in a timely manner. * Contribute to the improvement of validation processes by identifying opportunities for process standardization and developing a framework for automation * Participate in various bank risk committees where models and their use, assumptions, and output are discussed. * Contribute to expanding the level of influence of Model Risk by partnering effectively across silos * Resolution mindset Minimum Requirements * Graduate Degree in Mathematics, Statistics, Computational Finance, Economics, Engineering, or related field. Ph.D. is preferred or Master's degree with extensive experience. * Experience in model risk management and the application of SR 11-7. A minimum of 10 years modeling/validation experience, with some of the years in a supervisory role. * 5+ years experience in Model Validation in banking * Prior experience with a wide variety of models used by banks * Knowledge of machine learning methodologies. * Experience with Cloud providers (GCP, AWS, etc.) * Working knowledge of Python, R, etc. * Strong interpersonal and communication skills. Must be able to explain technical concepts and analysis implications clearly to a wide and senior audience, including regulatory bodies and external auditors * Flexible and able to manage through uncertainty, open to new ideas * Ability to attract, retain, inspire, and grow leaders of diverse backgrounds * Demonstrated project management skills and the ability to work on multiple projects on a concurrent basis and be able to meet deadlines. Job Posting Expiration Date: 03/19/2024 KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing . KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, nati