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Senior Model Validation Director-Fraud

The Senior Model Validation Director is responsible for supporting the execution of best-practice model validation activities to ensure models across Key are conceptually sound relative to their intended use and performing appropriately.

The Senior Model Validation Director reports to the Chief Model Risk Officer which reports to the Chief Risk Officer within Risk Management.

Principal Accountabilities

• Lead validation staff focused on understanding and challenging the conceptual framework and assumptions of mostly fraud models, perform independent testing, identify model limitations, and identify model problems that need to be remediated.

• Conduct robust and comprehensive model validation testing in line with internal standards and regulatory expectations. Includes examining 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

Minimum Requirements

• Graduate Degree in Mathematics, Statistics, Computational Finance, Economics, Engineering, or related field. Ph.D. is preferred although a Master’s degree may suffice for candidates with sound experience.

• Experience in model risk management focused on FRAUD Models, Consumer Scoring, Fair Lending and Marketing models, and the application of SR 11-7.

-A minimum of 10 years modeling/validation experience, with some of the years in a supervisory/Director level role.

• Extensive expertise in Fraud Models required

• Knowledge of supervised and unsupervised machine learning methodologies such as GBM, XGBoost, and natural language processing (NLP)

• Experience with Cloud providers (Azure, GCP and/or AWS)

• Working knowledge of Python, R, Conda, Spark, PySpark, SparkSQL, MLlib, 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.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $190,000 to $240,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here (http://www.key.com/kco/images/Key\_Benefit\_Eligibility\_Chart.pdf) for a list of benefits for which this position is eligible.

Job Posting Expiration Date: 07/26/2025

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

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 [email protected].

KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.