ERM Model Risk Senior Analyst - Remote

Job d:

Location:

Draper, Utah, United States Salary: $72,800 - $130,000/year

Job Area:
Banking & Financial Services Company:
United Health Group 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 ERM Model Risk Senior Analyst 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 Senior Analyst 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.

This position will support ERM management reporting, committee governance, and related risk oversight processes across the organization. The Senior Analyst will also support the execution of the Bank's ERM framework by ensuring that various risks are managed systemically, such that the firm has a regular, comprehensive view of its risk profile as well as of key trends and emerging risks that could potentially affect the Bank's overall risk profile.  

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. If qualified candidate lives in the Draper, UT / Salt Lake City, UT area, the position will be hybrid, and the candidate will be required to come to the Draper, UT office 3 days a week.

Primary Responsibilities:

Model Risk Validations and Governance:

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 Provide challenge to model implementation, model performance, and model validation processes, ensuring adherence to appropriate MRM standards Provide recommendations for enhancements to MRM templates and procedures Prepare and present recommendations to the Bank's Risk Review Council Assist the Bank in advancing its Model Risk governance framework and MRM program

Prepare items for internal audits and regulatory exams

Enterprise Risk Reporting and Governance:

Analyze risk information, metrics, trends, issues, and remediation activities to identify themes, emerging risks, and items requiring follow-up Develop, maintain, and enhance recurring management and committee reporting, including risk profile updates, key risk indicators (KRIs), emerging risk reporting, trend analysis, risk appetite metrics, and issue management reporting

Develop and maintain reports, dashboards, presentations, metrics, and…