Model Risk Analyst

UnitedHealth Group•Tampa, FL

2h•$60,200 - $107,400•Remote

About The Position

The Model Risk Analyst will be responsible for executing on model governance and model validations in alignment with the Bank’s Model Risk Management (“MRM”) governance framework. The Model Risk Analyst will work with model owners, other MRM analysts, and 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. Responsibilities will also include stress testing, back testing, replication testing and effective challenge of the Bank’s models during internal validations, including but not limited to fixed income, fraud, financial forecasting, capital adequacy, liquidity, credit underwriting and credit loss models.

Requirements

Bachelor’s degree
3+ 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
3+ years of experience with Microsoft Office PowerPoint (creating and executing presentations), and Microsoft 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
Ability to work full time, Monday - Friday. Employees are required to have flexibility to work any of our shift schedules during our normal business hours of 8:00 am - 5:00 pm. It may be necessary, given the business need, to work occasional overtime.
Ability to keep all company sensitive documents secure (if applicable)
Required to have a dedicated work area established that is separated from other living areas and provides information privacy
Must live in a location that can receive a UnitedHealth Group approved high-speed internet connection or leverage an existing high-speed internet service
Assertive self-starter, with strong verbal and written skills
Ability to analyze, manage and resolve complex issues with attention to detail
All employees working remotely will be required to adhere to UnitedHealth Group’s Telecommuter Policy

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
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

Assist in documenting model policies, methodologies, and processes when appropriate
Maintain the Model Inventory tracker and Model Risk Assessment for each model
Ensure model documentation is completed for each model or non-model tool
Participate in completing 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
Assist the Bank in advancing its Model Risk governance framework and MRM program