Model Risk Analyst

Sunflower Bank NA•Denver, CO

12h•Hybrid

About The Position

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program, focusing on the annual assessment process, maintaining the model inventory, assisting in planning model validation, independent validation, and ongoing monitoring of quantitative models. This role ensures that models—used for credit risk, liquidity risk, market risk, capital planning, and BSA/AML—are conceptually sound, documented according to policy, and compliant with regulatory standards (e.g., SR 26-2).

Requirements

Bachelor’s degree in business analytics, economics, statistics, mathematics, finance, or a related quantitative field; master’s preferred.
A minimum of one year of experience in model development, model validation, quantitative risk management, or financial modeling and/or other related disciplines.
Familiarity with Excel, SQL, Python, R, SAS, or other relevant languages for data analysis and code replication.
Advanced Excel skills, conditional formatting, and/or data analysis tools, and familiarity with data visualization tools.
Excellent written and verbal communication skills, with the ability to explain complex technical concepts to non-technical stakeholders.

Responsibilities

Maintain the model inventory, ensuring it is up-to-date by confirming assigned models have correct attributes (status, owner, risk tier, review dates, etc.). Assist in model identification, classification, and risk rating.
Monitor the end-to-end issues management lifecycle of findings resulting from model validations, including tracking remediation progress and verifying closure documentation.
Ensure key details (assumptions, inputs, purpose, limitations) are clearly recorded in model documentation.
Perform hands-on validation of new and existing models, challenging conceptual soundness, assumptions, inputs, and performance metrics.
Conduct annual reviews and write annual review reports.
Act as a key point of contact with model developers and owners to discuss validation findings and provide "effective challenge".
Support requests received from third parties and Internal Audit related to model risk.
Perform the job in accordance with applicable industry laws and regulations as well as the policies and procedures established by the company.
Responsible for upholding Fair and Responsible Banking practices and Code of Ethics and Conduct guidelines.
Perform other duties as assigned.