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This is a remote role that may be hired in several markets across the United States. The Senior Risk Analyst, Model Validator position supports the implementation and execution of bank-wide model risk management policies and procedures, ensuring compliance with regulatory guidance. The role involves reviewing complex models utilized within the organization, adhering to model documentation protocols, and developing and maintaining model risk reporting and the model inventory. The analyst will assess model risks and limitations, make recommendations, and track ongoing model risk issues. Additionally, this position provides guidance and mentorship to less experienced credit approval associates within the work group, fostering a collaborative and educational environment. The responsibilities of the Senior Risk Analyst include conducting risk analysis to validate the performance of existing models and leading gap-closing projects that include recommended model changes. The analyst will provide an independent review of model validations, effectively assessing the validity of issues raised and the methodological approaches for resolving these issues. Regular reporting to the Model Risk Manager is required, detailing the compliance of the model risk management program, including policies and procedures, progress, working issues, and challenges. Furthermore, the role emphasizes relationship development, where the analyst will develop and maintain effective partnerships with model analysts, model owners, business-level risk management teams, and both internal and external auditors. The analyst will also provide business support by recommending design, development, back testing, implementation, and recalibration of models owned by the model development team. This includes assisting in the review and validation of model performance and controls, establishing the model validation scope, assessing validation results, and directing communication with stakeholders. The analyst will also assist in the development and maintenance of the model inventory, ensuring it is complete, accurate, and consistent with the intent of the Model Validation Policy.
