Job Description

It’s about insights that are out of sight.

Does deciphering a secret code and discovering its hidden meaning excite you? Would you consider math to be your second language? Do you want the autonomy to improve processes and find solutions? If so, being a Model Validation Analyst I with Frost could be for you.

At Frost, it’s about more than a job. It’s about having a flourishing career where you can thrive, both in and out of work. At Frost, we’re committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you’ll become part of Frost’s over 150-year legacy of providing unparalleled banking services.

Who you are:

As a Model Validation Analyst I with Frost, you are our monitor. In this role, you monitor and assess enterprise-wide model risk to ensure alignment with Frost’s risk strategy. You know the organization’s model risk monitoring framework inside and out. By turning data into insights, you will help us discover the accuracy of the most complex and significant financial, statistical, and behavioral models that are used within the organization. More than that, this role is about constant improvement and doing so with our signature all-win approach in mind.

What you’ll do: 

• Monitor and assess enterprise-wide model risk to ensure alignment with Frost’s overall risk strategy

• Conduct independent validations of financial, statistical, and behavioral models based on their criticality ratings, providing rigorous challenge to key model assumptions, methodologies, and outputs

• Support the validation and review process by evaluating model theory, testing design, performance metrics, and potential vulnerabilities

• Analyze data to identify emerging risk exposures and uncover opportunities to leverage data insights for improved strategic and operational decision-making

• Contribute to the development of challenger models to benchmark existing models and support outcome and performance analysis

• Ensure adherence to the organization’s model risk monitoring framework and associated controls

• Assess Model Risk Management governance by reviewing policies, procedures, controls, risk assessments, documentation practices, and validation standards across the modeling lifecycle

• Evaluate the Bank’s compliance with SR 11-7 regulatory guidance and related supervisory expectations

• Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

What you’ll need:

• Bachelor’s degree in Quantitative Economics, Statistics, Physics, or a related field, or equivalent experience

• 1+ years of experience in the development or validation of financial, statistical, or mathematical models, or equivalent coursework/internship experience

• Mastery of statistics and numerical techniques

• Demonstrated experience with documenting technical aspects of a model as well as presenting results/findings

• Proficient in either SQL, SAS, R, or Python

• Proficiency in Microsoft computer applications

• Excellent written and verbal communication skills

Additional Preferred Skills:

• Master's degree in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, Physics, Management Science, Operations Research, or Economics

Our Benefits:

At Frost, we care about your health, your family, and your future and strive to have our benefits reflect that. This includes:  

• Medical, dental, vision, long-term disability, and life insurance

• 401(k) matching

• Generous holiday and paid time off schedule

• Tuition reimbursement

• Extensive health and wellness programs, including our Employee Assistance Program

• Referral bonus program + more!

Since 1868, Frost has dedicated their expertise to provide exceptional banking, investment, and insurance services to businesses and individuals throughout Texas. Frost is one of the 50 largest U.S. banks by asset size and is a leader in banking customer satisfaction. At Frost, it’s about being part of something bigger. If this sounds like you, we encourage you to apply and see what’s possible at Frost.