Cathay Bank-posted 9 months ago
$40 - $49/Yr
Full-time • Entry Level
El Monte, CA
Credit Intermediation and Related Activities

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.

  • 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
  • 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
  • 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
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