Senior Model Risk Manager

East West Bank • Pasadena, CA

6h • $150,000 - $200,000

About The Position

East West Bank is seeking a Senior Model Risk Manager to join the Model Risk Management (MRM) group. This role will play a key part in maintaining, enhancing, and executing the Bank’s Model Risk Management framework, standards, and processes, with a particular focus on Treasury models. This Senior Model Risk Manager will lead independent model validation projects, assess model risk across the model lifecycle, perform ongoing model risk oversight activities, and manage validation findings through closure. The role will also collaborate with stakeholders across Treasury, Risk, Model Development, and Audit to ensure strong model governance and adherence to regulatory expectations.

Requirements

• Master’s degree in quantitative discipline such as mathematics, statistics, economics, or financial engineering.
• Strong foundation in mathematics, statistics, and statistical modeling techniques.
• In-depth Working knowledge of financial products and Treasury/ALM concepts.
• Proficiency in programming languages such as SQL, R, and Python.
• Highly proficient in MS Office applications.
• Self-motivated, and eager to deepen expertise in modeling techniques and risk analytics.
• Excellent analytical, written, and verbal communication skills with exceptional attention to detail.
• Ability to independently lead projects and work effectively in a collaborative team-oriented environment.
• Strong work ethic, professionalism, and accountability.
• 10+ years of experience in statistical analysis, model development, or model validation.
• 10+ years of experience in the financial industry.
• Extensive experience producing high-quality model validation and analytical results.

Nice To Haves

• Experience with Treasury models is strongly preferred.

Responsibilities

• Lead and execute model validation projects, with an emphasis on Treasury models (i.e., ALM and feeder Models, Liquidity Stress Test, etc.).
• Manage ongoing model risk management activities such as quarterly model certification process, model ongoing performance monitoring, annual model review process, model inventory update, model validation finding management and closure evaluation.
• Maintain ongoing communication with Treasury stakeholders to ensure MRM is informed of all development plans and status updates, enabling effective challenge and timely oversight.
• Support regulatory exams, internal and external audits.
• Promote best-in-class industry model risk management practices throughout the company including China and Hong Kong subsidiaries.
• Contribute to continual enhancement of the Bank’s MRM framework, policies, and documentation standards.

What This Job Offers

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