Model Risk (Financial) Analyst

RESPONSIBILITES

The MRM (Financial) Analyst will primarily provide support to the MRM team through routine annual review and validation activities of financial models. This will require review and research of model documentation and industry guidance as well as interaction with model owners from various departments within the Bank. While focused on independent annual review or validation of models, the MRM Analyst team will contribute to all administrative elements of the MRM Program including but not limited to:

• model identification and inventory,
• model risk classification,
• performance monitoring reporting collection and review,
• model change notifications follow-up,
• update and follow-up of items identified for remediation,
• preparation of management and/or committee reports.

How you’ll make an impact:

• Provide effective challenge to Bank models through validation and of internal and external models of the Bank.
• Assessing model compliance with MRM Program requirements (i.e. model documentation, performance monitoring, change management, etc.) through targeted annual review activities.
• Documenting observations and conclusions from annual review and validation activities in MRM reports and/or supporting work papers.
• Becoming familiar with key models whereby model use and characteristics are understood.

QUALIFICATIONS:

Analyst I, II, III, or Senior determined based on years of relevant experience and demonstrated achievement. A Senior Analyst requires experience in team leadership and oversight. 

Minimum Requirements

• Bachelor’s degree in Finance, Accounting, or Economics with a minimum of 3.0 GPA.  Other backgrounds will be considered if candidate has relevant experience.
• Knowledge of financial theory for credit, market, and asset liability management is necessary to complete most validations.
• Ability to read and interpret technical documentation.
• Strong written and verbal communication skills.
• Ability to communicate technical information to both technical and non-technical audiences.
• Ability to multitask and manage concurrent delivery of multiple projects.
• Ability to interface effectively and professionally with senior management.
• Proficiency in Microsoft Office suite. (Outlook, Excel, and Word).

Preferred Experience

• Industry experience as a building or testing financial models.
• Prior work experience in the financial services industry.
• Familiarity with regulatory guidance on Safety and Soundness, especially OCC 2011-12 (SR 11-7).