Model Risk Manager
Model Risk Manager
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Job Description
Job Title:
Model Risk ManagerLocation:
CityScapeWhat youll do:
As a Model Risk Manager youll work closely with the Model Validation Director to identify assess mitigate and monitor model risk and contribute to the development of the banks Model Risk Management program. Youll conduct independent testing/validation to assess model accuracy and robustness under different scenarios and market conditions to quantify model risks due to model limitations then develop compensating controls. Youll develop high-quality validation reports that highlight risks and limitations of models and communicate findings.- Independently conduct hands-on validation/testing work with minimal supervision.
- Leverages statistical financial economic and business expertise to conduct and/or oversee independent model validation activities outlined in the banks Model Risk Management Policy and Federal Reserve SR 11-7 (e.g. evaluating conceptual soundness reviewing ongoing monitoring plans and reports and conducting outcomes analysis).
- Enhance policies and procedures assist with model governance activities to ensure model risk issues are effectively remediated.
- Write high quality model validation reports and/or presentations.
- Keeps abreast of research and trends in statistical modeling and model risk management.
- Provide mentorship and guidance to junior staff members. May lead and develop a team in the future; responsible for hiring coaching performance management training and development.
What youll need:
- 7 years of related experience validating and/or developing CCAR/CEL models (e.g. PD LGD EAD models) in the financial service industry.
- Masters degree is required; PhD is preferred in a quantitative field (e.g. statistics economics mathematics computer/data science)
- Previous leadership experience preferred.
- Advanced knowledge of general banking operations including deposit operations loan administration treasury management and/or other commercial banking products and services.
- Advanced knowledge of applicable regulatory and legal compliance obligations rules and regulations industry standards and practices.
- Advanced knowledge of project management skills with the ability to work on multiple projects and on tight deadlines.
- 2 years of experience in supervising model development or model validation
- Advanced project management skills with the ability to work independently on multiple projects and on tight deadlines.
- Advanced ability to lead and develop less experienced professionals.
- Advanced quantitative modeling analytical research and programming skills.
- Advanced expertise in one of the following: SAS R Python along with SQL experience
- Advanced speaking and writing communication skills.
Benefits youll love:
We offer all the important things youd 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 addition youll 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 or call . 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
Required Experience:
Manager
Employment Type
Full-Time
