Model Risk Analyst

Bank OZK•Little Rock, AR

About The Position

The Model Risk Analyst contributes to the quality of risk management across Bank OZK by working with Corporate Risk Management directors, senior leaders, business unit managers, and model owners. The role helps ensure that model development, implementation, and monitoring comply with the Bank’s Model Risk Management Framework and applicable regulatory guidelines. It assesses models for conceptual soundness, application and use, controls and implementation, and continued performance in production. The analyst supports model reviews and the Bank-wide model inventory, advises model owners on development or acquisition, documentation, data quality, testing, outcomes analysis, and monitoring, and helps identify and address model deficiencies. The role also communicates significant model-risk matters, supports model-risk education, and maintains compliance with relevant regulatory expectations.

Requirements

Bachelor’s degree, preferably in finance, economics, or a related quantitative field, or commensurate work experience.
Knowledge of model building and/or validation using tools such as SAS, R, Python, or Matlab.
Knowledge of the financial services industry.
Ability to prepare written deliverables and presentations for board and management committees, senior leaders, and business unit managers.
Effective interpersonal, communication, and analytical skills.
Creativity, critical-thinking, initiative, and problem-solving skills.
Ability to partner effectively with multiple business groups, corporate areas, auditors, and regulators.
Ability to work collaboratively in a fast-paced, unpredictable environment with tight deadlines.
Ability to manage multiple work streams and deliverables and coordinate across functional initiatives.
Ability to travel as needed for business purposes.
Skill in using computers and Microsoft Office, including Word, Excel, PowerPoint, and Outlook.
Operate customary equipment and technology used in a business environment, with or without accommodation.

Nice To Haves

Master’s degree.
At least six months of experience in model building or validation using SAS, R, Python, Matlab, or similar tools.

Responsibilities

Assist with in-depth analytical reviews of the Bank’s models, challenging their theoretical and control soundness.
Support maintenance of the bank-wide inventory of quantitative models and qualitative computational tools in the Bank’s Model Inventory system.
Provide model owners with guidelines for effective model development or acquisition, documentation, input data quality, testing, outcomes analysis, and model performance monitoring.
Inform Model Risk management of delays in model implementation arising from documentation, validation, control, or other situations.
Observe scheduling requirements for model validations throughout the year.
Specify appropriate remedial action plans for models with identified deficiencies.
Maintain compliance with applicable rules, regulations, and regulatory expectations for model risk management, including as the Bank grows and becomes more complex.
Communicate and escalate significant model-risk matters to senior leaders and business unit managers.
Assist Model Risk management in developing model-risk education and delivering it to senior leaders, business unit managers, and model owners.
Exercise discretion and judgment in performing essential job functions.
Maintain punctuality and attendance and follow Bank policies, procedures, and guidelines.
Perform other duties as required.