Model Risk Analyst

Primary Responsibilities

• Maintain the model inventory, ensuring it is up-to-date by confirming assigned models have correct attributes (status, owner, risk tier, review dates, etc.)
• Aid in model identification, classification, and risk rating
• Monitor the end-to-end issues management lifecycle of findings resulting from model validations, including tracking remediation progress and verifying closure documentation
• Ensure key details (assumptions, inputs, purpose, limitations) are clearly recorded in model documentation
• Perform hands-on validation of new and existing models, challenging conceptual soundness, assumptions, inputs, and performance metrics
• Conduct annual reviews and write annual review reports
• Act as a key point of contact with model developers and owners to discuss validation findings and provide "effective challenge"
• Support requests received from third parties and Internal Audit related to model risk

Requirements

• Bachelor’s degree in business analytics, economics, statistics, mathematics, finance, or a related quantitative field; master’s preferred
• Minimum of one year of experience in model development, model validation, quantitative risk management, or financial modeling and/or other related disciplines
• Familiarity with Excel, SQL, Python, R, SAS, or other relevant languages for data analysis and code replication
• Advanced Excel skills, conditional formatting, and/or data analysis tools, and familiarity with data visualization tools
• Excellent written and verbal communication skills, with the ability to explain complex technical concepts to non-technical stakeholders

Qualifications

• Knowledge of regulatory standards (e.g., SR 26-2)
• Ability to perform essential job functions with or without reasonable accommodation

Skills

• Data analysis
• Model validation
• Quantitative risk management
• Excel proficiency
• Communication skills

Benefits

People choose to “bank” with us, but for those we serve, we’re more than a bank. We strive to be the financial backbone of their lives, and we know that starts with our team. Our supportive culture empowers team members to grow and seize new opportunities.

Like our namesake, the sunflower, we are:

• Rooted in Strength
• Propelled by Growth
• Individuals in a Great Whole
• Creating Possibility

Community Focused Associates Enjoy Outstanding Benefits, Including:

• 401(k) Plan with 6% Match
• Health/Dental/Vision Insurance
• Company-paid Life Insurance
• Tuition Reimbursement
• Fitness Reimbursement
• Paid Time Off
• Paid Holidays
• Plus many more associate perks & incentives!

Pay and Schedule

The salary range for this position is $85,000 to $95,000 depending on knowledge, skills, abilities, experience, and location. Hybrid options available.

Schedule

The role may involve lifting or moving items weighing up to 10 pounds. Vision requirements include close and distance vision, color and peripheral vision, depth perception, and the ability to adjust focus.