ERM Model Risk Senior Analyst - Remote

UnitedHealth Group•Draper, UT

1d•$72,800 - $130,000•Remote

About The Position

The ERM Model Risk Senior Analyst will be responsible for planning and executing on model governance and model validations in alignment with the Bank’s Model Risk Management (“MRM”) governance framework. The Model Risk Senior Analyst will work with model owners, other MRM analysts, and upper management to ensure model documentation and risk management processes are implemented appropriately to meet business needs/regulatory obligations and ensure appropriate governance processes are followed and documented in all phases of the model lifecycle: model development, use, calibration/validation, and decommissioning. This position will support ERM management reporting, committee governance, and related risk oversight processes across the organization. The Senior Analyst will also support the execution of the Bank’s ERM framework by ensuring that various risks are managed systemically, such that the firm has a regular, comprehensive view of its risk profile as well as of key trends and emerging risks that could potentially affect the Bank’s overall risk profile.

Requirements

Bachelor’s degree
5+ years of experience working in a bank or other financial institution with duties focused on documenting policies, standards, and procedures related to implementing sound risk management practices, methods, tools, and processes
5+ years of experience with Microsoft Office PowerPoint (creating and executing presentations), and Excel (Pivot Tables, VLOOKUP, Formulas, Formatting, etc.)
2+ years of programming experience in high-level programming languages such as SQL, Python, or other related languages with experience in data manipulation and analysis
Experience with internal and external model validations, including stress testing, back-testing, and replication testing, while providing effective challenge to model implementation, model performance, assumptions, and validation results to ensure model accuracy, reliability, and regulatory compliance
Experience developing and implementing quantitative models, CECL, Fraud, and/or Credit underwriting within a financial institution or relevant industry
Ability to travel a few times a year for onsite meetings and other business-related needs
Assertive self-starter, with solid verbal and written skills
Ability to analyze, manage and resolve complex issues with attention to detail

Nice To Haves

Bachelor’s degree in Finance, MIS, Quantitative Finance, Mathematics, Statistics, Economics, or a related field with a focus on financial modeling
Regulatory experience or experience in assisting with regulatory examinations
In-depth knowledge of statistical modeling techniques, econometrics, time-series analysis, and risk management principles
Functional knowledge in meeting regulatory expectations and standards in all phases of the model development, use, and maintenance process

Responsibilities

Ensure model owner compliance with MRM procedures and standards, especially during model implementation and development phases
Document model policies, methodologies, and processes when appropriate
Maintain and recommend enhancements to the Model Inventory tracking and Model Risk Assessment for each model
Validate that appropriate level of documentation is completed for each model or non-model tool
Lead internal and external model validations
Stress testing, back testing, replication testing and effective challenge of the Bank’s models
Provide challenge to model implementation, model performance, and model validation processes, ensuring adherence to appropriate MRM standards
Provide recommendations for enhancements to MRM templates and procedures
Prepare and present recommendations to the Bank’s Risk Review Council
Assist the Bank in advancing its Model Risk governance framework and MRM program
Prepare items for internal audits and regulatory exams
Analyze risk information, metrics, trends, issues, and remediation activities to identify themes, emerging risks, and items requiring follow-up
Develop, maintain, and enhance recurring management and committee reporting, including risk profile updates, key risk indicators (KRIs), emerging risk reporting, trend analysis, risk appetite metrics, and issue management reporting
Develop and maintain reports, dashboards, presentations, metrics, and remediation tracking materials used to communicate risk information to management and committees
Support implementation and ongoing maintenance of the Bank's enterprise risk management framework, policies, governance processes, and reporting practices
Support process improvement initiatives related to enterprise risk reporting, governance, and issue management activities
Use enterprise-approved AI tools to streamline workflows, automate tasks and drive continuous improvement
Evaluate emerging trends to inform solution design and strategic innovation