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    "ExternalDescriptionStr": "<p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Position Summary:</strong></span></p><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\">The Model Risk Manager reporting to the SVP, Credit and Market Risk Management will oversee the performance monitoring and testing of the company’s inventory of financial and analytical models. This role will serve as the primary second-line contact for the assessment of new model input/design/function prior to the promotion to production. In addition, the role will develop monitoring oversight via actual vs expected results analysis and perform coordinated stakeholder reviews of existing models on a risk-based rotation plan given model significance to the operating and financial results of the company.&nbsp;<span> &nbsp;</span>Model reviews should result in summary document output identifying model degree of fit and identify areas of potential improvement.&nbsp;<span> </span>The candidate will be a motivated, self-led individual responsible for directing the model risk assessment and ensuring reviews include comprehensive input from stakeholders, address developing trends in the market, and structurally consider the variability of data l input and assumptions relative to industry/company/portfolio trends. The candidate will be a member of a broader Risk Management team consisting of associates in Market and Counterparty Risk Management and be able to utilize team resources to assist in the execution of the Model Risk Management plan.&nbsp;</span></p><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Job Functions and Responsibilities:</strong></span></p><ul style=\"list-style-type: disc;\"><li><p style=\"background-color: white;\"><span style=\"color: black; font-family: Arial, sans-serif;\"><strong>Annual Model inventory:&nbsp;</strong>Performed on a timely basis, the results of which will serve to facilitate a rotation plan review of models, given a risk-based approach.<span>&nbsp;</span></span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"color: black; font-family: Arial, sans-serif;\"><strong>Liaise with 1<sup>st</sup> line subject matter experts</strong>: Understand the model objective/ inputs/significant assumptions/design to properly assess the model structure and document any critical observations through communication to 1<sup>st</sup> line.&nbsp;</span><span style=\"font-family: Arial, sans-serif;\">Act as a central point of contact, communicating across Risk, Model developers, and model stakeholders to validate findings and negotiate the resolution of identified issues.</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Independent Model Validation:</strong>&nbsp;Perform technical reviews of model methodology, data, assumptions, and implementation to ensure soundness.</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Model Governance &amp; Policy:</strong>&nbsp;Maintain and update the Model Risk Management (MRM) framework and policies in accordance with industry changes and regulatory requirements&nbsp;</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Performance Monitoring:</strong>&nbsp;Develop a dashboard reflective of recent actual vs expected model output. Conduct ongoing monitoring of models to ensure they remain \"fit for purpose,\" identifying when models require recalibration or retirement due to degradation. Critical models such as MSR Valuation will need to be reviewed annually while others reviewed on a risk-based rotation plan.&nbsp;</span></p></li><li><p style=\"background-color: white;\"><span style=\"color: black; font-family: Arial, sans-serif;\"><strong>Documentation &amp; Reporting:</strong>&nbsp;Prepare detailed validation reports for senior management, risk committees, and regulators, highlighting model risks and deficiencies. Contribute to the Bi-Monthly Market Risk Committee, Enterprise Risk and Compliance Committee and MSR Valuation Committee sharing results of reviews performed pertinent to each Committee.&nbsp;</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Emerging Risk Management:</strong>&nbsp;Stay abreast of industry advancements in AI, machine learning, and quantitative modeling to proactively identify potential new risks.&nbsp;</span></p><p style=\"text-align: justify;\">&nbsp;</p></li></ul><p style=\"text-align: justify;\">&nbsp;</p><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Qualifications:</strong></span></p><ul style=\"list-style-type: disc;\"><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"color: black; font-family: Arial, sans-serif;\">A Bachelor’s degree is required&nbsp;</span><span style=\"font-family: Arial, sans-serif;\">in a quantitative discipline, such as Mathematics, Statistics, Financial Engineering, or Physics.</span></p></li><li><p style=\"background-color: white;\"><span style=\"color: black; font-family: Arial, sans-serif;\">Preferred candidate will have minimum of 5 years of experience in a financial services company, experience working with model validation, design and assessment of models is preferred.&nbsp;</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\">Proficiency in programming languages like Python, R, or SAS, along with experience in statistical modeling and data analysis.</span></p></li><li><p style=\"background-color: white;\"><span style=\"color: black; font-family: Arial, sans-serif;\">Proven ability to interpret data/models for creating trend analysis for presentation to management level ability&nbsp;</span></p></li><li><p style=\"background-color: white;\"><span style=\"color: black; font-family: Arial, sans-serif;\">High proficiency with Microsoft Office products and extensive experience in preparing executive-level PowerPoint presentations are required</span></p></li><li><p style=\"background-color: white;\"><span style=\"color: black; font-family: Arial, sans-serif;\">High level of professionalism, self-motivation and a strong sense of urgency</span></p></li></ul><p style=\"background-color: white;\">&nbsp;</p><p style=\"background-color: white;\"><span style=\"font-family: Arial, sans-serif;\">To perform the job successfully the candidate should have a strong presence in the following&nbsp;Core Competencies:</span></p><ul style=\"list-style-type: disc;\"><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Analytical Thinking:</strong>&nbsp;Ability to deeply analyze complex financial models and identify potential flaws in logic or data.</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Communication:</strong>&nbsp;Exceptional verbal and written communication skills to translate complex technical findings into actionable insights for non-technical stakeholders.</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Independence &amp; Objectivity:</strong>&nbsp;Ability to challenge developers and maintain an independent, skeptical mindset.</span></p></li><li class=\"ortl-align-justify\"><p style=\"text-align: justify;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Project Management:</strong>&nbsp;Proven ability to manage multiple validation projects simultaneously, adhering to strict deadlines.&nbsp;</span></p></li></ul><p style=\"text-align: justify;\">&nbsp;</p><p style=\"text-align: justify;\"><strong>Work timings: 2 pm to 11 pm</strong></p>",
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    "CorporateDescriptionStr": "<p>Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its subsidiary, Onity Mortgage, formerly known as PHH Mortgage. Onity Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to customers, clients and investors.</p>\n<p>&nbsp;</p>\n<p>At Onity, we strive to earn our customers’ loyalty every day. We do this by consistently delivering exceptional service and building trust through reliability, integrity, and following through on our commitments. We operate through the lens of the customer, understand the importance of homeownership, and take pride in helping homeowners. Collectively this fosters long-term relationships, ensuring our customers feel valued and supported. We expect all employees to interact with and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our service delivery standards.</p>\n<p>&nbsp;</p>\n<p>Onity is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to inclusion and equal opportunity ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.</p>\n<div>\n <br>\n</div>",
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