Banner Bank

Quantitative Model Risk Officer (Remote WA, OR, ID & CA)

Banner Bank$117K — $154K *
US-AnywhereRemote in Portland, OR
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Statistics, Mathematics, Economics, Finance, or a quantitative discipline (Required)
  • 6+ years of bank credit experience in model risk management, model development, or quantitative finance (Required)
  • Equivalent combination of education and experience considered in lieu of a degree.

Responsibilities

  • Perform full-scope validations and periodic reviews of financial and risk models
  • Design and implement model test plans with reusable code and analytical tools
  • Partner with business units to monitor ongoing model performance
  • Collaborate with stakeholders to support adherence to model development standards
  • Contribute to model governance activities including inventory and risk rating
  • Prepare clear validation reports and presentations for senior leadership
  • Stay current on industry trends and regulatory expectations

Benefits

  • Comprehensive employee benefits including medical, dental, vision, LTD, STD, and life insurance
  • Paid vacation time, sick time, and 11 company paid holidays
  • 401k with up to a 4% match
  • Tuition reimbursement
  • Annual incentive potential
Full Job Description
Join a collaborative team dedicated to strengthening safe and sound banking practices through effective model risk management. In this role, you'll play a critical part in validating and monitoring complex models that inform key business decisions. Your work will help ensure accuracy, compliance, and confidence across the organization.

In this role you'll

  • Perform full-scope validations and periodic reviews of financial and risk models to assess conceptual soundness, data integrity, performance, and governance
  • Design and implement model test plans, including reusable code and analytical tools to support future validations
  • Partner with business units to monitor ongoing model performance and ensure alignment with expectations
  • Collaborate with stakeholders to support adherence to model development and implementation standards
  • Contribute to model governance activities, including model inventory, risk rating, and tracking across the bank
  • Prepare clear, thorough validation reports and presentations for senior leadership
  • Maintain detailed documentation and track progress on model risk initiatives
  • Stay current on industry trends, regulatory expectations, and emerging practices in model risk management


What we're looking for

  • You have a Master's degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline (Required).
  • An equivalent combination of education and experience can be considered in lieu of a degree.
  • You have 6 or more years of bank credit experience in model risk management, model development, or quantitative finance (Required)


What helps you shine

  • You apply advanced statistical and quantitative techniques to assess model assumptions, design, and performance
  • Bring hands-on experience with validation techniques such as back-testing, sensitivity analysis, stress testing, and benchmarking
  • You understand model risk management frameworks, regulatory guidance, and lifecycle governance standards
  • Communicate complex technical concepts clearly and effectively to both technical and non-technical audiences
  • You take initiative and consistently deliver accurate, high-quality work both independently and collaboratively
  • You are proficient in analytical tools such as Excel, R, SAS, and SQL
  • You identify model weaknesses and produce documentation that stands up to regulatory and audit review


Travel

  • up to 10%


Our Company Values

  • Do the right thing
  • Mutual respect
  • Teamwork
  • Accountability


What Our Team Says

"I have the opportunity to learn and grow every day in my current role. I love the work life balance, knowing that we work hard, and strive for high performance but we are celebrated."

Compensation & Benefits

  • Targeted starting salary range (based on experience): $117,249 - 154,493
  • Annual incentive potential
  • Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life
  • Paid vacation time, sick time and 11 company paid holidays
  • 401k (with up to 4% match)
  • Tuition reimbursement


Review Banner's employee benefits at: Employee Benefits | Banner Bank

Please take time to reviewBanner Bank's Consent & Privacy notice before applying.

About Banner Bank

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey, with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets. Valley Bank is one of the largest commercial banks headquartered in New Jersey.
Learn more about Banner Bank
Industry
Founded
1890

Similar Jobs

More Jobs at Banner Bank

More Finance & Insurance Jobs

Find similar Quantitative Model Risk Officer (Remote WA, OR, ID & CA) jobs: