Model Risk Analyst

Who We Are

BankUnited (NYSE: BKU) is a national bank headquartered in Miami Lakes, Florida with banking centers in Florida, the New York metropolitan area and in Dallas, Texas. BankUnited has two subsidiaries, Pinnacle Public Finance headquartered in Scottsdale, Arizona and Bridge Funding Group headquartered in Hunt Valley, Maryland. We pride ourselves on our entrepreneurial and collaborative culture encompassing the best minds, the brightest talent and the boldest decision makers.

BankUnited is ranked #4 as one of America's Most Trusted Companies in the Banking industry and is honored to have been included on the Newsweek and Statista America's Most Trusted Companies Award List!

Our Culture

At BankUnited, we foster an inclusive environment where all employees have the opportunity to advance, grow and achieve their goals. Our rally cry is to GO FOR MORE™, a call to action to go above and beyond to provide the best customer experience to every client.

Why BankUnited

Working for BankUnited offers you exciting challenges and opportunities to advance your professional development, while empowering you to deliver and be your best. We strive to provide a competitive benefits plan to our employees and are proud to have been awarded HEALTHIEST EMPLOYER by the South Florida Business Journal for three consecutive years since 2020.

As a company, we believe we are only as successful as our people and are committed to providing training and innovative resources that prepare you to reach your full potential. That's why in addition to tuition reimbursement, we provide our employees with exciting courses and training through our own GO FOR MORE™ Academy.

If you thrive in a fast-paced collaborative work environment, Apply Now and start your journey with BankUnited today!

Job Description

Location: Remote or Miami Lakes, FL

SUMMARY: The Model Risk Analyst analyzes risks associated with the use of models throughout the Bank in compliance with regulatory guidance (OCC 2011-12/SR 11-7) and internal Policy. This individual performs model validations and leads efforts to ensure that the business lines have the appropriate documentation and processes in place to effectively manage model risk. The Analyst will routinely interact with model owners and users across the bank's various lines of business to implement the model risk management framework. Currently, the Bank uses advanced models in the areas of credit and BSA/AML. However, it is likely that additional models may be deployed in the future in line with the growth of the organization. In addition to these core duties, the Model Risk Analyst is expected to be an active contributor to several ad hoc cross-functional projects within the wider Enterprise Risk Management (ERM) department.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.

• Maintain Model Risk Management Framework, Identify Risks and Advise on Mitigation Strategies: * Conduct independent model validations to manage and mitigate the risks that arise from the use of models and deliver complete model validation reports * Provide independent and effective challenge of all model components throughout its lifecycle. * Prepare rigorous workpapers documenting the validation review and analysis. * Discuss findings and their risk severity with model owners and assist with remediation recommendations. * Track findings assigned and validate them to ensure they are properly addressed in a timely manner. * Maintain the Enterprise's model inventory and model documentation library and validation review schedule. * Monitor internal/external audit and regulatory issues to ensure timely remediation. * Prepare presentations for Risk Committees and Management. * Facilitate risk profiling process for assigned business units. * Establish and maintain relationships within assigned business units and throughout the enterprise.
• Training and Awareness: * Stay abreast of risk management industry trends by leading and/or attending seminars, training sessions, and workshops, as necessary to develop and ensure success of the Bank's enterprise risk program. * Serve in a consultative capacity (subject matter expert) to business units on model risk and quantitative/technical matters. * Train and ensure all assigned business units are aware of the model risk framework and its application and relevance to their business unit.
• Other Duties and Responsibilities: * Actively contribute to several cross-functional projects within ERM. These projects are part of a wider journey to deploy an effective three line of defense model across the organization. These projects vary in nature and complexity.

EDUCATION and/or EXPERIENCE

• Undergraduate degree in a quantitative discipline (eg Statistics, Engineering, Mathematics, etc) PLUS 6 years of relevant experience Or
• Graduate degree in a quantitative discipline (eg Statistics, Engineering, Mathematics, etc) PLUS 4 years of relevant experience
• Direct experience with Moody's CMM and/or RiskCalc models, as either an advanced user or in a model validation role preferred
• Experience validating BSA/AML and Fraud models preferred
• Proficiency in R and / or Python, Bloomberg, Intex and (ideally) Tableau
• Some experience working under the Agile framework would be preferred
• CFA / FRM designations highly desirable

CERTIFICATES, LICENSES, REGISTRATIONS:

• As applicable to position (e.g. CPA, CFA, CIA, CISA, CRM, MBA, etc.).