Model Risk Management Senior Analyst - Model Risk Management - Wheeling, WV

Model Risk Management Senior Analyst - Model Risk Management

Location

This position is 100% remote within the Bank's footprint. Employees will work full time remote outside of a Wes Banco location and may occasionally attend in person meetings, although primary functions of the role are performed remotely.

Wheeling

37.5

• Graduate degree in Statistics, Mathematics, Economics or other related field required.
• Quantitative analysis experience in a discipline relevant to risk management, including statistical analysis and mathematical modeling. Experience with in consulting or banking preferred.
• Experience with analytical tools such as Python, R, MATLAB, SAS, SQL, and MS Office required.
• Experience in quantitative modeling or validation preferred.

SUMMARY: Model risk management (MRM) refers to the overseeing of risk defined by potential adverse consequences from decisions based on incorrect or misused models. MRM aims to employ techniques, practices, or behaviors that identify, measure and mitigate model risk across the Bank – the potential of model error or wrongful model usage.

The MRM Senior Analyst will support the SVP MRM Officer in the implementation and execution of Bank‑wide MRM policies, standards and procedures, including model validation, model governance and performance monitoring, in conformance with regulatory guidance. The MRM Senior Analyst will attend and participate in meetings with the SVP MRM Officer and senior bank management.

• Support the creation and maintenance of the Bank‑wide model inventory and model risk rating.
• Assist the SVP MRM Officer in performing independent validation and testing of Bank‑wide risk models in accordance with MRM Policy as well as Model Validation Standards, Procedures and Templates.
• Evaluate the conceptual soundness of model specifications; the reasonableness of assumptions and reliability of inputs; the completeness of testing performed to support the correctness of the implementation; the robustness of numerical aspects; the suitability and comprehensiveness of performance metrics and risk measures associated with the use of models.
• Assess and measure the potential impact of model limitations, parameter estimation error or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks.
• Document and present observations to the SVP MRM Officer and to model owners and users; recommend management action plans and track remediation progress.
• Evaluate and monitor model performance reports on an ongoing basis to ensure models remain valid, and contribute to the Bank‑wide model risk and control assessment.
• Provide on‑demand support during regulatory exams of MRM and periodic reviews performed by Internal Audit.
• Engage in continued education through the company's internal training webinars.
• Perform any other MRM‑related tasks as needed.
• Other duties may be assigned.

• Banking is a highly regulated industry; you will be expected to acquire and maintain proficiency in the Bank's policies and procedures, and adhere to all applicable laws, rules and regulations.
• Complete all assigned compliance training in a timely manner.
• Proficient in Microsoft Office products, including Word and advanced Excel skills.
• Utilize tools provided to perform job responsibilities.
• Provide a service level that differentiates the institution from competitors.
• Professional demeanor in appearance, interpersonal relations, work ethics and attitude.
• Possess clear, concise, effective written and oral communication skills to express ideas to management, bank employees and customers collaboratively.
• Have a high level of attention to detail and accuracy.
• Ability to multi‑task and keep documentation organized.
• Take initiatives and work independently.
• Strong business writing skills.
• Make, review and analyze information and make appropriate recommendations.

Full‑time

Risk Management