Senior Model Risk Analyst

The Senior Model Risk Analyst will play a critical role in implementing and enhancing the Bank's Model Risk Management framework, policies, procedures, and governance practices. As part of the second line of defense, the Senior Analyst will provide independent review, effective challenge, and oversight of models, modeling processes, and designated calculations used across the Bank.

What You Will Do

Independently lead and execute model validations and targeted model risk reviews for complex models, modeling processes, vendor models, and designated calculations. Develop and present comprehensive validation reports, conclusions, and findings to model owners, senior management, committees, auditors, and regulators.

Why It Might Be a Fit

The ideal candidate will demonstrate a deep understanding of quantitative analysis, financial modeling, model governance, and regulatory expectations related to model risk management.

Requirements

• Strong knowledge of model risk management, model validation practices, and model governance frameworks.
• Strong understanding of statistics, econometrics, quantitative finance, risk modeling, and predictive analytics.
• Strong proficiency in programming or analytical tools such as Python, R, MATLAB, SAS, SQL, or similar tools used for data analysis, statistical analysis, model development, or independent validation.
• Excellent written and verbal communication skills, including the ability to prepare clear technical reports and present conclusions to senior management and governance committees.
• Strong organizational skills with the ability to manage multiple concurrent projects and deadlines.
• Knowledge of regulatory guidelines and industry standards for model risk management, including FHFA Advisory Bulletins 2013-07 and 2022-03, SR 11-7/OCC 2011-12, SR 26-2, or similar model risk regulatory guidance.
• Experience interacting with auditors, regulators, senior management, model owners, and third-party validation providers.
• Must be able to work both independently and as part of a team.

Benefits

• Annual incentive program
• Robust total rewards offerings
• Comprehensive benefits package