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

Medium

Los Angeles, CA

JOB DETAILS
SALARY
$117,249–$154,493 Per Year
SKILLS
Analysis Skills, Banking Services, Benchmarking, Data Quality, Diversity, Documentation, Economics, Employee Benefits, Finance, Financial Mathematics, Financial Modeling, Financial Risk, Industry/Trade Analysis, Leadership, Maintain Compliance, Management Strategy, Mathematics, Performance Analysis, Performance Modeling, Project Tracking, Quantitative Analysis, R Programming Language, Regulations, Risk Analysis, Risk Management, Risk Management Framework (RMF), Risk Modeling, SQL (Structured Query Language), Statistical Analysis System (SAS), Statistics, Stress Testing, Team Player, Testing, Tuition Fees
LOCATION
Los Angeles, CA
POSTED
1 day ago

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'llPerform 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 forYou 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 shineYou 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.Travelup to 10%Compensation & BenefitsTargeted starting salary range (based on experience): $117,249 - $154,493Annual incentive potentialComprehensive employee benefits, including: medical, dental, vision, LTD, STD and lifePaid vacation time, sick time and 11 company paid holidays401k (with up to 4% match)Tuition reimbursementBanner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.#J-18808-Ljbffr

About the Company

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Medium