Model Risk Analyst
About the role
The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is responsible for various tasks supporting model validation and risk governance. The tasks are both technical (e.g., related to data analytics and quantitative modeling) and administrative (e.g., documentation requirements).
Responsibilities
- Drive Innovation: Lead the charge in enhancing credit and financial models by challenging current methods and proposing innovative enhancements to improve model effectiveness.
- Collaborate and Influence: Work closely with model owners and stakeholders, presenting testing results and providing constructive recommendations to strengthen our risk management practices.
- Automate and Optimize: Recommend new ways to automate and improve the modeling process, ensuring efficiency and accuracy in our financial risk assessments.
Requirements
- Graduate Degree (MS/MA/MBA) in a quantitative discipline (e.g., Mathematics, Statistics, Financial Mathematics, Econometrics)
- 0-3 years of modeling or model validation working experience
- Passionate about risk management and interested in model validation
- Detail-oriented, a critical thinker and possess excellent communication skills
- Proficient in Microsoft Office suite (Excel, Word, Access, PowerPoints)
- Knowledge in Statistics (logistic regression) and basic data analysis plus knowledge of SQL/R/Python
- Basic understanding in fixed income securities or mortgage products (CFA/FRM certifications a plus)
- Knowledge of stochastic processes or interest-rate model techniques preferred
- Experience using machine learning techniques utilizing regression and classification algorithms preferred
- Familiar with Tableau and level of detail (LOD) preferred
Qualifications
- Ability to work independently and as part of a team
- Strong analytical and problem-solving skills
- Excellent written and verbal communication skills
- Ability to manage multiple projects simultaneously
Skills
- Statistical Analysis
- Data Analysis
- Model Validation
- Machine Learning
- SQL/R/Python
- Fixed Income Securities
- Mortgage Products
Benefits
Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop.
Pay
$75,325.00 - $125,500.00
Schedule
Full-time