Job Description

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Job Summary
The Model Validation team is responsible for Model Risk Management for Bread Financial Models and Bank Models for the entire organization. Members of this team work with teams across the business (marketing, pricing, finance, etc.) that build the models to understand and validate the methodology. The Model Validation Analyst, Senior is a key member of the Model Risk Management (MRM) team. Key responsibilities include executing against the overall model risk management framework and assisting in independent validation of models used by the business.

Essential Job FunctionsProcess and Project Management: Conducts model validations independently with minimal supervision. Acts as a mentor and coaches team members, if needed. Maintains a basic functional knowledge of model risk concepts and works with the business units to communicate key guiding principles. Performs end-to-end validations/testing of basic or less complex models/tools. Internal and client facing with oversight, guidance and review from management.
Validation/testing: involves identifying the key risks associated with a model, planning a risk-based validation approach and scope. Designs and conducts validation tests, recognizing gaps in model risk management and governance, and drafting a model validation report.
Quality Assurance: Checks the model's accuracy and demonstrates the model is robust and stable. Assesses potential limitations and evaluates the model's behavior over a range of input values. Assesses the impact of assumptions and identifying situations where the model performs poorly or becomes unreliable. Evaluates formal results of analysis performed and draft formal model validation documentation and proposed risk rating assessment.
Business Communications and Relationships: Demonstrates professional and proficient verbal and written communication skills when working with internal and external partners. Builds relationships by establishing trust, confidence and credibility with senior leaders, executives, and internal partners. Is proactive, demonstrates a strong work ethic, and shows initiative to build the business in a result driven environment. Utilizes critical thinking skills to help analyze business issues, collaborates with stakeholders to resolve problems, is strategic and flexible when needed, and gains consensus on the best solution.


Reports to: Lead or above
Working Conditions/ Physical Requirements: Normal office environment, some travel may be required.
Direct Reports: None

Minimum Qualifications: Bachelors' degree in Engineering, Statistics, Mathematics, Economics or any other related quantitative discipline
Five or more years experience in data analytics or model development/validation is required

Preferred Qualifications: Master's degree in Engineering, Statistics, Mathematics, Economics or any other related quantitative discipline.
Six or more years experience in the financial services industry as well as experience in risk management
Other Duties
This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and/or delete essential functions from this job at any time.
About Bread Financial
At Bread Financial, you'll have the opportunity to grow your career, give back to your community, and be part of our award-winning culture. We've been consistently recognized as a best place to work nationally and in many markets and we're proud to promote an environment where you feel appreciated, accepted, valued, and fulfilled--both personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression.
Bread Financial (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.
To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.All job offers are contingent upon successful completion of credit and background checks. Bread Financial is an Equal Opportunity Employer.

Job Family:
Enterprise Risk
Job Type:
Regular