Senior Model Risk Analyst

Company: Disability Solutions
Location: Phoenix
Posted on: April 19, 2024

Job Description:

Job Title:Senior Model Risk AnalystLocation:CityScapeWhat you'll do:Western Alliance Bank's Model Risk Management Group (MRMG) is seeking a Senior Model Risk Analyst. The successful candidate will report directly into the Model Risk Management Associate Director in charge of the group's Model Governance function. The Senior Model Risk Analyst will be responsible for making substantial individual contributions on enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues, producing quarterly reporting, and assisting with validation activities, as needed. Candidates should have a Master's degree in a quantitative field and 6+ years of experience (or a PhD and 3+ years of experience) in the financial services industry, preferably in a risk management (or internal audit) role. Candidates with experience validating and/or developing models and knowledge of regulatory guidance on model risk management are especially preferred. Strong communication skills are a must.What we are looking for: Responsibilities

• Enhances policies and procedures related to Model Risk Management
• Maintains Model Risk Management Group's inventories
• Leads/conducts issue management for the Model Risk Management programs; leads/conducts testing of critical spreadsheet controls
• Produces quarterly reporting on the state of model and critical spreadsheet risk, including key risk indicators
• Acts as a liaison between the Model Risk Management Group and model developers/owners, other risk management functions, and Internal Audit
• Contributes to the enterprise-wide training on identifying, assessing, mitigating, and monitoring model and critical spreadsheet risk
• Keeps abreast of regulatory developments and industry trends pertaining to model and critical spreadsheet risk
• Helps conduct validation activities (including annual reviews), as neededQualifications
  • Master's degree in a quantitative field and 6+ years of experience in the financial services industry (or a PhD and 3+ years of experience)
  • Strong communication skills, both verbal and written
  • Good project management skills, with the ability to work on multiple projects with tight deadlines
  • Ability to mentor less experienced professionals
  • Knowledge of Federal Reserve SR Letter 11-7
  • 3+ years of experience in risk management (e.g., model risk management, operational risk) or internal audit at a regulated financial services institution is a plus
  • Experience validating and/or developing models is a plus
  • Knowledge of Microsoft Office; expertise in programming a statistical language is a plusBenefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.-- Western Alliance Bancorporation

Keywords: Disability Solutions, Surprise , Senior Model Risk Analyst, Accounting, Auditing , Phoenix, Arizona