Quantitative Model Risk Officer

New

Banner BankBanking

Remote WA, OR, ID & CAFull-TimeMiddle

Salary$117,249 - 154,493

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Job Details

Master’s degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline (or equivalent experience)
6 or more years of bank credit experience in model risk management, model development, or quantitative finance
Proficiency in analytical tools such as Excel, R, SAS, and SQL
Experience applying advanced statistical and quantitative techniques
Hands-on experience with validation techniques including back-testing, sensitivity analysis, stress testing, and benchmarking
Understanding of model risk management frameworks, regulatory guidance, and lifecycle governance standards
Ability to communicate complex technical concepts clearly to technical and non-technical audiences
Capability to identify model weaknesses and produce documentation suitable for regulatory and audit review
Ability to travel up to 10%

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

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