Model Risk Analyst

About the role

Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group.

Responsibilities

• Conduct independent model validation activities in accordance with the bank’s Model Risk Management Policy and Federal Reserve SR 26.
• Evaluate conceptual soundness, review ongoing monitoring plans and reports, and conduct outcomes analysis and benchmarking.
• Prepare comprehensive model validation reports and presentations.
• Aid in model governance activities including enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues/findings, and producing quarterly reporting.
• Stay current with research and trends in statistical modeling and model risk management.

Requirements

• Preferred PhD or 3+ years of related work experience in validating and/or developing the types of models used in the financial services industry.
• Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance.
• Intermediate knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
• Intermediate project management skills and ability to manage multiple projects independently.
• Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
• Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL.
• Intermediate verbal and written communication skills.
• Knowledge of general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services preferred.

Qualifications

• Preferred PhD or 3+ years of related work experience in validating and/or developing the types of models used in the financial services industry.
• Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance.
• Intermediate knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
• Intermediate project management skills and ability to manage multiple projects independently.
• Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
• Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL.
• Intermediate verbal and written communication skills.
• Knowledge of general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services preferred.

Skills

• Statistical, financial, economic, and business expertise.
• Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
• Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL.
• Intermediate verbal and written communication skills.

Benefits

You’ll love benefits like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program.

Pay

Competitive salaries.

Schedule

Not specified.

Benefits

Tuition assistance program, an employee volunteer program, and a wellness program.

Contact Information

Email HR@westernalliancebank.com or call 602-386-2488 to inquire about accessibility accommodations.