Senior Model Risk Analyst

Job Title

Senior Model Risk Analyst

City Scape

Western Alliance Bank (WAL) is seeking a Senior Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put you at the center of the firm’s model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques. In this role, you will help identify, assess, mitigate, and monitor model risk, while contributing to the ongoing development of the bank’s Model Risk Management program.

• Apply statistical, financial, economic, and business expertise to conduct independent model validation activities in accordance with the bank’s Model Risk Management Policy and Federal Reserve SR 26-2 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis and benchmarking etc.).
• Prepare comprehensive model validation reports and presentations.
• Aid in model governance activities including enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues/findings, and producing quarterly reporting.
• Stay current with research and trends in statistical modeling and model risk management.

• Minimum of 5 years of relevant experience in validating and/or developing the types of models used in the financial services industry.
• Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance. For Masters degree, 5+ years of related work experience, for PhDs, 2-3 years or more related work experience.
• Intermediate to Advanced knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
• Intermediate to Advanced 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 to Advanced 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.

We offer all the important things you’d want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands‑on experience to help grow your career!

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company’s heritage, as well as Ameri Home Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email  or call .

When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.