Model Risk Analyst

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Requirements:

• Bachelor’s degree in a quantitative discipline, such as Economics, Math, Computer Science, Data Science, etc.
• Minimum of 3 years of experience in quantitative analytics, model development, model validation, or model risk management.
• Familiarity with models in financial markets, including credit risk, fraud, market risk, and AI/ML models, along with Python or R.
• Ability to build strong relationships and influence stakeholders in both technical and non-technical areas.
• Excellent written and oral communication skills for explaining complex concepts.
• Familiarity with industry regulations and regulatory frameworks related to model risk management, such as SR 11-7.
• Capability to thrive in a fast-paced environment with strong project management skills.

Responsibilities:

• Assist with regular model risk tracking and reporting, including remediation.
• Act as the main representative in partner model risk assessments.
• Promote and optimize the company-wide Model Risk Management framework.
• Collaborate with model owners to manage risks.
• Prepare validation reports for management and partners.
• Stay updated on model risk management approaches and regulations.