Model Risk Analyst Sr - Remote

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities.

Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.

The Optum Bank Model Risk Analyst Sr. will be responsible for planning and executing on model governance and model validations in alignment with the Bank's Model Risk Management ("MRM") governance framework. The Model Risk Analyst Sr. will work with model owners, other MRM analysts, and upper management to ensure model documentation and risk management processes are implemented appropriately to meet business needs/regulatory obligations and ensure appropriate governance processes are followed and documented in all phases of the model lifecycle: model development, use, calibration/validation, and decommissioning.

Responsibilities will also include stress testing, back testing, replication testing and effective challenge of the Bank's models during internal validations, including but not limited to fixed income, fraud, financial forecasting, capital adequacy, liquidity, credit underwriting and credit loss models.

You’ll enjoy the flexibility to work remotely
* from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.

• Ensure model owner compliance with MRM procedures and standards, especially during model implementation and development phases
• Document model policies, methodologies, and processes when appropriate
• Maintain and recommend enhancements to the Model Inventory tracking and Model Risk Assessment for each model
• Validate that appropriate level of documentation is completed for each model or non-model tool
• Lead internal and external model validations
• Stress testing, back testing, replication testing and effective challenge of the Bank's models during internal validations, including but not limited to fixed income, fraud, financial forecasting, capital adequacy, liquidity, credit underwriting and credit loss models.
• Provide challenge to model implementation, model performance, and model validation processes, ensuring adherence to appropriate MRM standards
• Prepare and present recommendations to the Bank's Risk Review Council.
• Assist the Bank in advancing its Model Risk governance framework and model risk program
• Prepare items for internal audits and regulatory exams

You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

• Bachelor's degree in finance, MIS, Quantitative Finance, Mathematics, Statistics, Economics, Finance, or a related field with a focus on financial modeling
• 5+ years of experience working in a bank or other financial institution with duties focused on documenting policies, standards, and procedures related to implementing sound risk management practices, methods, tools, and processes
• 3+ years of experience in developing and implementing quantitative models, CECL, Fraud, and/or Credit underwriting within a financial institution or relevant industry
• 3+ years of experience with Microsoft Office PowerPoint (creating and executing presentations), and Excel (Pivot Tables, VLOOKUP, Advanced Formulas, Formatting, etc.)
• 2+ years of programming experience in high-level programming languages such as SQL, or Python with experience in data manipulation and analysis
• Proven functional knowledge in meeting regulatory expectations and standards in all phases of the model development, use, and maintenance process
• Ability to travel 10%

• Degree…