What are the responsibilities and job description for the Model Risk Analyst position at Selby Jennings?
Key Responsibilities
- Own and operate the ModelEdge platform, ensuring it supports all aspects of the Bank's model risk lifecycle - from inventory management to validation tracking and reporting.
- Provide hands-on support to model owners, helping them maintain accurate model documentation, findings, and performance metrics.
- Develop and deliver executive-level reports and dashboards that communicate model risk status, performance indicators, and validation outcomes.
- Support the model control framework, including model identification, risk rating, issue tracking, and remediation oversight.
- Lead the quarterly model attestation process, coordinating with model owners to ensure data accuracy and completeness.
- Manage validation workflows, including the issuance, documentation, and resolution of findings.
- Monitor key risk indicators (KRIs) and produce dashboards that highlight trends and emerging risks.
- Oversee the User Developed Application (UDA) governance process, ensuring proper identification and ongoing monitoring.
- Coordinate third-party model validations, including RFP development, scope definition, vendor selection, and quality assurance of deliverables.
- Education: Bachelor's degree in Business, Finance, Economics, Accounting, or a related field.
- Experience:
- Minimum 2 years in Finance, Risk, or Accounting.
- Experience with model risk management programs preferred.
- Familiarity with GRC tools such as ModelEdge, Archer, ServiceNow, or SharePoint is a plus.
- Experience managing large datasets and producing risk reports.
- Skills:
- Strong data management and analysis skills (Excel, SQL).
- Solid understanding of banking products and risk concepts.
- Excellent communication skills - both written and verbal.
- Detail-oriented with strong problem-solving and organizational abilities.
Salary : $80,000 - $100,000