Model Risk Analyst
On-site · Phoenix, Arizona, United States
Job Summary
Western Alliance Bank is seeking a Model Risk Analyst to join its Model Risk Management Group. The role focuses on identifying, assessing, mitigating, and monitoring model risk, conducting independent model validation activities, preparing comprehensive validation reports and presentations, and aiding model governance activities. Requires expertise in statistical modeling and model risk management, with hands-on experience in programming (Python, R, or SAS) and SQL; familiarity with SR 26 and regulatory obligations; strong communication and project-management skills; and a background in finance/banking models.
Required Qualifications
- PhD or 3+ years experience in validating and/or developing financial models
- Masters degree or greater in a quantitative field (Statistics, Economics, Math, Physics, Engineering or Finance)
- Intermediate knowledge of regulatory/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; hands-on SQL
- Strong verbal and written communication skills
- Knowledge of banking operations (deposits, loans, treasury management, commercial banking products) preferred
Desired Qualifications
- 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 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
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