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Model Validation Jobs in Alabama (NOW HIRING)

First Horizon

Credit Model Developer

Birmingham, AL · On-site

Support independent model validation process, internal and external audits, and regulatory reviews. * Interact with model owner/users, validators, and regulators to address model issues and ...

CAI

Senior Validation Engineer

Huntsville, AL · On-site

$87K - $120K/yr

Key Responsibilities CQV Execution & Safety - Perform Commissioning, Qualification, and Validation ... models company values - Seeks out breakthrough opportunities #LI-MV1 $87,100 - $120,200 a year ...

CAI

Senior Validation Engineer

Huntsville, AL

$87K - $120K/yr

Key Responsibilities CQV Execution & Safety - Perform Commissioning, Qualification, and Validation ... models company values - Seeks out breakthrough opportunities #LI-MV1 Average base salary range ...

CAI

Senior Validation Engineer

Huntsville, AL

$87K - $120K/yr

Key Responsibilities CQV Execution & Safety - Perform Commissioning, Qualification, and Validation ... models company values - Seeks out breakthrough opportunities #LI-MV1 $87,100 - $120,200 a year ...

IGNITE

FLIGHT SCIENCES ENGINEER

Huntsville, AL · On-site

... model validation • Proficiency in programming and scripting using MATLAB, Python, or equivalent • Ability to obtain and maintain a Secret security clearance, thus US citizenship is required.

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How much do model validation jobs pay per hour?

As of Jul 31, 2026, the average hourly pay for model validation in Alabama is $47.13, according to ZipRecruiter salary data. Most workers in this role earn between $35.72 and $57.31 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Model Validation position, and why are they important?

To thrive as a Model Validation professional, you need strong quantitative, statistical, and analytical skills, often supported by a degree in mathematics, statistics, finance, or a related field. Proficiency with programming languages such as Python or R, statistical modeling software, and familiarity with regulatory guidelines like SR 11-7 or CCAR is essential. Outstanding attention to detail, problem-solving abilities, and clear communication are valuable soft skills in this role. These competencies are crucial for rigorously assessing complex models, documenting findings, and collaborating effectively with model developers and risk management teams.

What is a Model Validation job?

A Model Validation job involves assessing and verifying the accuracy, reliability, and performance of mathematical and statistical models used in finance, risk management, or other industries. Professionals in this role conduct independent testing, evaluate assumptions, and ensure models comply with regulatory and internal standards. They identify weaknesses, suggest improvements, and help mitigate potential risks associated with model usage. Model validators often work with machine learning models, credit risk models, or trading algorithms, depending on the industry.

What are some common challenges faced by professionals in Model Validation roles?

One common challenge in Model Validation is staying up-to-date with evolving regulatory requirements and industry best practices, which can impact how models should be tested and documented. Model validators often work with highly complex financial or risk models, requiring strong analytical skills to assess underlying assumptions and potential risks. Additionally, balancing the need for thoroughness with tight deadlines and collaborating with model developers to address issues can be demanding. However, overcoming these challenges offers valuable opportunities to build expertise, work cross-functionally, and play a critical role in ensuring the integrity and reliability of key business decisions.

What are the most commonly searched types of Model Validation jobs in Alabama? The most popular types of Model Validation jobs in Alabama are:
What job categories do people searching Model Validation jobs in Alabama look for? The top searched job categories for Model Validation jobs in Alabama are:
What cities in Alabama are hiring for Model Validation jobs? Cities in Alabama with the most Model Validation job openings:
Model Validation jobs near you
Infographic showing various Model Validation job openings in Alabama as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 13% Part Time, 1% Temporary, and 3% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $98,028 per year, or $47.1 per hour.

Credit Model Developer

First Horizon

Birmingham, AL • On-site

Full-time

Medical, Dental, Vision, Retirement

This job post has expired today. Applications are no longer accepted.

First Horizon Bank rating

8.3

Company rating: 8.3 out of 10

Based on 31 frontline employees who took The Breakroom Quiz

39th of 170 rated banks

Job description

Location: On site in Birmingham, AL; Charlotte, NC
SUMMARY
Support the Credit Risk Models Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk models. These models are used for a variety of activities, including: CECL, stress testing, loss forecasting, origination, portfolio management, and economic capital. Responsibilities include sourcing, cleaning, and transforming data; researching applicable methods; training and testing a variety of specifications; documenting all facets of the development process; implementation of models and related logic in production systems; assessing outputs across different levels of inputs (sensitivity analysis and scenario analysis); back-testing and ongoing performance monitoring; and, communicating aspects of the model and its application to non-technical stakeholders.
The Credit Model Developer II can work independently most of the time and is familiar with some or all of the use cases.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Under the direction of senior members of the team, this position is primarily expected to:
  • Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources (including internal consumer, mortgage, and commercial loan systems, external bank data (e.g., Call Reports), and economic forecasts) to develop credit risk models for CECL, stress testing, scorecards, economic capital, or other credit risk-related initiatives.
  • Derive model assumptions that are well reasoned and supportable.
  • Implement models in code in a transparent and easily maintainable way.
  • Comprehensively and clearly document all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non-quantitative audiences.
  • Develop and support strong controls for the model implementation framework and maintain related documentation.
  • Support independent model validation process, internal and external audits, and regulatory reviews.
  • Interact with model owner/users, validators, and regulators to address model issues and remediation actions.
  • Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.
  • Monitor the performance and calibration of existing models.

POSITION'S ADDITIONAL RESPONSIBILITIES:
  • Work on various ad hoc quantitative, modeling, and programming assignments.

SUPERVISORY RESPONSIBILITIES
  1. No supervisory responsibilities

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:
PhD or Master's degree in Statistics, Econometrics, Mathematics or related quantitative field. A Bachelor's degree in a quantitative field with additional certifications or experience may be considered.
Minimum Experience:
  • 3 years of model development or validation experience
  • Must have advanced quantitative statistical modeling skills (Regression, Time Series, Survival Analysis, Markov Chain, etc.)
  • PhD or master's degree in Statistics, Econometrics, Mathematics or related quantitative field. A bachelor's degree in a quantitative field with additional certifications or experience may be considered.
  • Experience with Python and SQL
  • Strong analytical and critical thinking skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills

Preferred Experience:
  • 5 or more years of model development or validation experience, particularly in credit risk or stress testing.
  • Working knowledge of Python, R, SAS, and SQL.
  • Knowledge of Git-based machine learning operations practices in the cloud (MLOps)
  • Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.
  • Ability to clearly articulate, in writing or orally, ideas, analytic insights, and recommendations to both technical and non-technical audiences, including an executive audience.
  • Ability to use advanced statistical and mathematical software to perform descriptive, predictive, and prescriptive analysis leveraging a variety of statistical techniques (such as segmentation, logistic regression, sensitivity analysis, and machine learning).
  • An ability to identify key problems, conduct in-depth research, and articulate well-reasoned solutions.

COMPUTER AND OFFICE EQUIPMENT SKILLS
  • Knowledge of Python, R, SAS, or SQL
  • Proficiency in the use of Microsoft Office with advanced experience in Excel
  • Familiarity with software version control systems, such as Git

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)
None required
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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