Model Risk Analyst

Position Goals:

Maintain the Bank's Model Risk Management (MRM) program. Assist model developers, owners, and users to implement and comply with the MRM policy and procedures, including reviewing, analyzing, and assessing model development, implementation, use, validation, and ongoing monitoring activities.

Essential Duties and Responsibilities:

1. Maintain the MRM policy and procedures, including annual policy and procedure review, model certifications, and conducting the periodic compliance audits.
2. Maintain and assess the model and non-model tool inventory and issue inventory to ensure accuracy, completeness, and timeliness of information in the system of record.
3. Manage the model validation and annual review schedule, as well as conduct annual reviews as needed.
4. Oversee and assess model validations and reports performed by vendors, annual reviews, and ongoing monitoring performed by the bank.
5. Communicate program expectations and deliverables and keep informed of model risk, changes, emerging risks, issues, and concerns.
6. Stay up to date on regulatory expectations and standard industry practices related to model risk management.
7. Provide MRM training, guidance, and advisory services.
8. Support the Enterprise Risk Management function with risk oversight and business partner collaboration in other projects, as necessary.

Position Requirements:

Education - High school diploma or equivalent (GED).

Experience - A minimum of three (3) years of analytical experience.

A minimum of one (1) year of model risk management, risk management and/or other related disciplines.

Other - Advanced experience with Microsoft Excel.

Preferred Requirements:

Bachelor's degree in business, risk management, economics, math, statistics or related field.

Familiarity with Python, R, MATLAB, SQL, SAS, or other relevant languages.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)