Bank Model Risk Analyst Chicago 125hr
Bank Model Risk Analyst Chicago 125hr
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Salary Not Disclosed
1 Vacancy
Job Description
Must Live Near Chicago Position is Hybrid 36 Month Contract
The Bank Model Risk Analyst will apply financial models to manage and balance a financial institutions assets and liabilities mitigating risks like interest rate and liquidity risks and ensuring capital adequacy.
Model Risk Management:
They participate in the entire lifecycle of models from development and implementation to validation and ongoing monitoring.
Risk Identification and Mitigation:
They proactively identify potential risks associated with models and develop strategies to mitigate those risks.
Model Validation:
They rigorously assess the accuracy reliability and suitability of models for their intended use.
Compliance:
They ensure that the banks model risk management program complies with relevant regulations and internal policies.
Reporting:
They prepare reports for senior management and the board of directors on the banks model risk profile.
Collaboration:
They work closely with model owners developers and other stakeholders to ensure effective model risk management.
Skills and Qualifications:
Strong analytical and problemsolving skills:
Strong ALM (Asset Liability Management) experience
Knowledge of financial models and risk management principles:
Familiarity with relevant regulations and standards:
Good communication and interpersonal skills:
Ability to explain complex technical information clearly:
Experience with model validation and risk assessment:
CECL (Current Expected Credit Losses) experience a plus;
Quantitative background (e.g. mathematics statistics finance)
Required Experience:
IC
Employment Type
Contract
