Sr. Quantitative Analyst – Model Risk Management

Wintrust • Rosemont, IL

1d • Onsite

About The Position

The Sr. Quantitative Analyst in the Model Risk Management team will conduct various activities related to enterprise model risk validation and model governance. This individual is accountable for independently validating the technical and functional soundness for bank-wide models including CECL, Stress Testing, Anti-Money Laundering, Economic Sanctions, Customer Risk Ratings, Fair Lending as well as valuation models.

Requirements

• 1-3 years of experience related to data science, machine learning models, model development, and validation experience related to credit risk (Consumer and Commercial), Liquidity, Compliance (BSA/AML, Fair Lending), CECL.
• Master’s degree or PhD.
• 1-2 years of experience with Python

Nice To Haves

• Preferable skillset: some experience with AI models

Responsibilities

• Independently validate bank-wide statistical/econometric/ mathematical/AI/Machine Learning and qualitative (expert judgment) models in compliance with SR 26-02/OCC 2026-13 and Model Risk Management (MRM) policy and procedures.
• Develop and implement validation approach and benchmark models commensurate with the model risk tier.
• Perform testing and analysis to assess models for conceptual soundness, implementation accuracy, data integrity, governance and performance, including back testing, sensitivity analysis, scenario analysis, benchmarking.
• Prepare and document validation reports, including testing, findings, conclusions, and actionable recommendations for model owners and management in-line with MRM standards.
• Maintain status updates and collaborate with model developers and business stakeholders to address identified issues in a timely fashion.
• Use MRM Model Validation tool to perform model validation activities.
• Manage activities related to model governance and assist VP, model risk management in creating reports for the senior management, executive management, risk committees, and regulatory exams.
• Recommend new ways to automate/improve the end-to-end validation process.

Benefits

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance
• Competitive pay
• discretionary or incentive bonus eligible
• tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Senior