Model Risk Analyst

Immediate need for a talented Model Risk Analyst with experience in the Banking and Financials Industry. This is a 4+ months contract opportunity with long-term potential and is located in Plano, TX. Please review the job description below.

• The Model Governance Sr. Analyst is part of the Enterprise Risk & Governance team responsible for identifying, assessing and reporting model risk.
• The Model Governance Sr. Analyst aids with the continuous development of sound model risk management practices and supports the evolution and execution of the Model Governance Program.
• This position is responsible for helping ensure that all aspects of the model's lifecycle complies with Model Governance policies and procedures including the periodic validation and monitoring of models.
• The role will perform independent model risk oversight activities, including model identification, determination, classification, inventory management, validation, review, issue remediation testing, reporting, and related activities.
• Contribute to the development of a sound Model Risk Management Framework
• Assist in the ongoing evolution of the Model Risk Management function
• Manage the evaluation of new models, coordinate the validation of changes to existing models and the retirement of decommissioned models
• Assist with control design/implementation
• Enhance and/or maintain guidance documentation to support the governance requirements of Model Risk Management
• Support model lifecycle management and model validation for various stakeholders across business lines
• Participate in special projects as needed
• Assist in the evolution and execution of the Model Governance Program
• Provide support in the execution of Model Risk Mitigation activities
• Assist in improving the Model Risk Management program, by implementing best practices, recommending process improvements, and evolving standards/guidelines
• Manage the database for model/tool inventory, validation findings and remediation plans
• Work across lines of businesses to assess model risk
• Demonstrate independence and strong compliance to policy and procedures in model review activities

• The candidate must have Model Risk Management/Model Governance experience
• Although technical modeling skills/exposure are a plus, those who have strictly model development and validation backgrounds are not the ideal candidate for this role as the function is more Risk driven in nature
• Familiarity with Enterprise Risk Management Methodologies
• Financial Services, banking or automotive industry experience
• Strong oral and written communication skills
• Detail-oriented
• Ability to prioritize, manage time well, and multitask
• Ability to work with ambiguous or changing work situations, tasks, assignments
• A high degree of organization skills with the ability to work in a deadline driven environment
• 2-3 years experience writing and/or reviewing comprehensive statistical model documentation