Model Validator

Definition

A Model Validator is a specialized function that reviews (validates) internally or externally developed models, in particular risk models.

Roles and Responsibilities

ensure that developed models offer good presentation of the variables, markets or risks under consideration, i.e. that models are "fit-for-purpose"
perform model validation as part of a broader Model Governance / Model Risk Management framework

Skills

Description of the abilities, proficiencies, know-hows, skills the a person must possess in order to carry out the risk management responsibilities

Business Skills
Technical Skills
General Skills (Linguistic)

Seniority Level

Indication as to whether the function is formally segmented into seniority levels (e.g. junior, senior) that have material skill / experience requirements and are not simply organizational arrangements.

Experience

Experience denotes the intangible qualities acquired by a person in the process of having performed certain functions in the past

Required experience in related business models
General work experience

Education

Education denotes any formal and long duration training that is considered an important prerequisite for a role

Educational level, e.g., university or college degree
Subject matter of studies / Specialization
Educational institution

Qualifications

Qualifications are formal certifications that a person fulfills some professional requirements

Certifications
Accreditations
Admittance to professional societies etc.

Semantic Data

The ESCO Code to which this job best corresponds to (as the most detailed leaf of the tree)

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