Model Risk Analyst

Model Risk Analyst

Immediate need for a talented Model Risk Analyst with experience in the Banking and Financials Industry. This is a 4+ months contract opportunity with long-term potential and is located in Plano, TX. Please review the job description below.

Key Responsibilities:

• The Model Governance Sr. Analyst is part of the Enterprise Risk & Governance team responsible for identifying, assessing and reporting model risk.
• The Model Governance Sr. Analyst aids with the continuous development of sound model risk management practices and supports the evolution and execution of the Model Governance Program.
• This position is responsible for helping ensure that all aspects of the model's lifecycle complies with Model Governance policies and procedures including the periodic validation and monitoring of models.
• The role will perform independent model risk oversight activities, including model identification, determination, classification, inventory management, validation, review, issue remediation testing, reporting, and related activities.
• Contribute to the development of a sound Model Risk Management Framework
• Assist in the ongoing evolution of the Model Risk Management function
• Manage the evaluation of new models, coordinate the validation of changes to existing models and the retirement of decommissioned models
• Assess model risk
• Assist with control design/implementation
• Enhance and/or maintain guidance documentation to support the governance requirements of Model Risk Management
• Support quarterly Model Impact Certification process
• Support model lifecycle management and model validation for various stakeholders across business lines
• Participate in special projects as needed
• Model Governance Program/ Model Risk Mitigation Support
• Assist in the evolution and execution of the Model Governance Program
• Provide support in the execution of Model Risk Mitigation activities
• Assist in improving the Model Risk Management program, by implementing best practices, recommending process improvements, and evolving standards/guidelines
• Manage the database for model/tool inventory, validation findings and remediation plans
• Work across lines of businesses to assess model risk
• Demonstrate independence and strong compliance to policy and procedures in model review activities

Key Requirements and Technology Experience:

• The candidate must have Model Risk Management/ Model Governance experience
• Although technical modeling skills/ exposure are a plus, those who have strictly model development and validation backgrounds are not the ideal candidate for this role as the function is more Risk driven in nature
• Familiarity with Enterprise Risk Management Methodologies
• Financial Services, banking or automotive industry experience
• Strong oral and written communication skills
• Detail-oriented
• Ability to prioritize, manage time well, and multitask
• Ability to work with ambiguous or changing work situations, tasks, assignments
• A high degree of organization skills with the ability to work in a deadline driven environment
• 2-3 years experience writing and/or reviewing comprehensive statistical model documentation

Our client is a leading Banking and Financials Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.