Quantitative Model Risk Officer (Remote WA, OR, ID & CA)

Banner Bank • Los Angeles, CA

9d • $117,249 - $154,493 • Remote

About The Position

Join a collaborative team dedicated to strengthening safe and sound banking practices through effective model risk management. In this role, you’ll play a critical part in validating and monitoring complex models that inform key business decisions. Your work will help ensure accuracy, compliance, and confidence across the organization.

Requirements

• Master’s degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline (Required).
• An equivalent combination of education and experience can be considered in lieu of a degree.
• 6 or more years of bank credit experience in model risk management, model development, or quantitative finance (Required)

Nice To Haves

• Apply advanced statistical and quantitative techniques to assess model assumptions, design, and performance
• Hands-on experience with validation techniques such as back-testing, sensitivity analysis, stress testing, and benchmarking
• Understand model risk management frameworks, regulatory guidance, and lifecycle governance standards
• Communicate complex technical concepts clearly and effectively to both technical and non-technical audiences
• Take initiative and consistently deliver accurate, high-quality work both independently and collaboratively
• Proficient in analytical tools such as Excel, R, SAS, and SQL
• Identify model weaknesses and produce documentation that stands up to regulatory and audit review

Responsibilities

• Perform full-scope validations and periodic reviews of financial and risk models to assess conceptual soundness, data integrity, performance, and governance
• Design and implement model test plans, including reusable code and analytical tools to support future validations
• Partner with business units to monitor ongoing model performance and ensure alignment with expectations
• Collaborate with stakeholders to support adherence to model development and implementation standards
• Contribute to model governance activities, including model inventory, risk rating, and tracking across the bank
• Prepare clear, thorough validation reports and presentations for senior leadership
• Maintain detailed documentation and track progress on model risk initiatives
• Stay current on industry trends, regulatory expectations, and emerging practices in model risk management

Benefits

• medical
• dental
• vision
• LTD
• STD
• life
• Paid vacation time
• sick time
• 11 company paid holidays
• 401k (with up to 4% match)
• Tuition reimbursement

What This Job Offers

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