Model Risk Analyst

Cathay Bank • El Monte, CA

310d • $40 - $49

About The Position

The Model Risk Analyst (MRA) is primarily responsible for supporting best-practice risk management functions with a specific emphasis on model risk management activities consistent with the Bank's Model Governance Program. The position requires maintaining a data warehouse for all Cathay's models and user developed applications UDAs, ensuring business processes related to models and are followed; documenting and presenting observations to the Model Risk Manager, tracking remediation progress; and coordinating model validations projects, and preparing reporting dashboards. This is a unique opportunity for someone looking to pursue a career in risk management or looking for a quantitative role in banking.

Requirements

• Bachelor's degree in Business, Economics, Finance, Accounting, or related field required
• Prefer 2 years' experience in Finance, Risk, Accounting
• Experience maintaining large data sets and Risk Reporting
• Experience in GRC and data warehouse (ModelEdge, Archer, Service Now, etc.), or Point a plus
• Strong data manipulation and management skills (Excel, SQL)
• General knowledge of banking products
• Strong analytical and reasoning skills
• Good verbal and written communication skills

Responsibilities

• Maintain a data warehouse with centralized inventory of all models and User Defined Applications (UDAs) with corresponding model documents
• Ensure all model and UDAs metadata and lifecycle is current and complete
• Support the execution of the model control framework including model identification and risk assessment, maintaining all templates
• Collaborate with model owners to ensure submission of quarterly model attestations
• Log all findings identified in model validations and collaborate with stakeholders to ensure their timely remediation
• Coordinate model validation projects between model owners and external validators
• Track model performance KRIs and prepare appropriate dashboard and risk reporting

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Long-term disability insurance
• Flexible spending accounts (FSAs)
• Health saving account (HSA) with company contributions
• Voluntary coverages
• 401(k)
• Discretionary bonus eligibility

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree