Job Title:Model Risk Analyst
Location:CityScape
What you'll do:Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put you at the center of the firm's model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques. In this role, you will help identify, assess, mitigate, and monitor model risk, while contributing to the ongoing development of the bank's Model Risk Management program.
- Apply statistical, financial, economic, and business expertise to conduct independent model validation activities in accordance with the bank's Model Risk Management Policy and Federal Reserve SR 26 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis and benchmarking etc.).
- Prepare comprehensive model validation reports and presentations.
- Aid in model governance activities including enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues/findings, and producing quarterly reporting.
- Stay current with research and trends in statistical modeling and model risk management.
What you'll need: - Preferred PhD or 3+ years of related work experience in validating and/or developing the types of models used in the financial services industry.
- Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance.
- Intermediate knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
- Intermediate project management skills and ability to manage multiple projects independently.
- Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
- Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL.
- Intermediate verbal and written communication skills.
- Knowledge of general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services preferred.
Benefits 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!
