Model Risk Analyst

First Merchants Corporation•Farmington Hills, MI

53d

About The Position

First Merchants Bank is seeking a Model Risk Analyst to join our team! This position will maintain the Bank's Model Risk Management (MRM) program. Assist model developers, owners, and users to implement and comply with the MRM policy and procedures, including reviewing, analyzing, documenting, testing, and assessing model development, implementation, use, validation, and ongoing monitoring activities.

Requirements

Bachelor's degree OR an associate degree/ two years of college + two (2) years of related work/military experience OR four (4) years of related work/military experience (plus any additional required experience).
A minimum of one (1) year of model risk management, risk management, model use, model development, and/or other related disciplines.
Basic Microsoft Excel skills.

Nice To Haves

Bachelor's degree in business, economics, mathematics, statistics or related field.
A minimum of three (3) years of model risk management, risk management, model use, model development, and/or other related disciplines.
Familiarity with Python, R, MATLAB, SQL, SAS, or other relevant languages.
Basic Microsoft Excel, which may include functions such as VLOOKUP, INDEX-MATCH, pivot tables, data visualization (charts and graphs), conditional formatting, and/or data analysis tools.

Responsibilities

Conduct annual reviews and write annual review reports and ratings, including risk and control assessments, change assessments, issues (if any), and documentation reviews.
Conduct model testing and develop and maintain model documentation.
Evaluate model owner, developer, and user compliance with MRM policy and procedures.
Evaluate model inventory, non-model tool inventory, and issue inventory for accuracy, completeness, and timeliness of information in the system of record (Archer) and assist model owner as needed.
Communicate program expectations and deliverables and keep informed of model risk, changes, emerging risks, issues, and concerns.
Stay up to date on regulatory expectations and standard industry practices related to model risk management.
Provide model risk management training, guidance and advisory services.
Actively support the ERM function of risk oversight and business partner collaboration in other projects as needed.