Senior Model Risk Manager

What You'll Do

• Provide effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities.
• Develop, implement, and maintain a robust model risk management framework, ensuring it aligns with industry best practices and regulatory requirements.
• Oversee and conduct model validation activities, including assessing model accuracy, stability, and suitability for intended use.
• Establish and maintain model governance policies and procedures as well as communicate model risk information to stakeholders, including senior management, business units, and regulators.
• Analyze model data, identify trends, and interpret results to inform risk management decisions.
• Work collaboratively with model developers, business users, and other stakeholders to ensure effective model risk management.
• Prepare model risk information reports and any other ad-hoc reports as required and develop risk management controls and procedures.
• Employ techniques and practices that will identify, measure and mitigate model risks.
• Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

What You'll Need

• 8+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field.
• Masters or MBA in related field required; PhD in related field preferred.
• Previous leadership experience preferred.
• Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Advanced to expert knowledge of formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve.
• Advanced to expert knowledge of stress testing concepts and related regulatory guidance (such as the Fed Letter SR11-7).
• Advanced speaking and writing communication skills.
• Occasional travel required.

Benefits You'll Love

• 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
• A wellness program
• Opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career

About The Company

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.