Quantitative Model Risk Officer

This is a fully remote position, open to applicants in Washington.

📋 Description

• Conduct comprehensive validations and regular reviews of financial and risk models to evaluate their conceptual soundness, data integrity, performance, and governance.

• Develop and execute model testing strategies, including reusable coding and analytical tools to facilitate future validations.

• Collaborate with business units to track ongoing model performance and ensure it aligns with established expectations.

• Work with stakeholders to ensure compliance with model development and implementation standards.

• Participate in model governance activities, such as maintaining a model inventory, assessing risk ratings, and tracking models across the bank.

• Create detailed and clear validation reports and presentations for senior leadership.

• Keep comprehensive documentation and monitor progress on initiatives related to model risk.

• Remain updated on industry trends, regulatory requirements, and new practices in model risk management.

⛳️ Requirements

• A Master’s degree in Statistics, Mathematics, Economics, Finance, or another quantitative field is required.

• A combination of relevant education and experience may be considered in lieu of a degree.

• A minimum of 6 years of banking credit experience in model risk management, model development, or quantitative finance is required.

🏝️ Benefits

• Targeted starting salary range (based on experience): $117,249 - 154,493.

• Annual incentive potential.

• Comprehensive employee benefits package, including medical, dental, vision, long-term disability, short-term disability, and life insurance.

• Paid vacation time, sick leave, and 11 company-paid holidays.

• 401k plan with up to 4% matching.

• Tuition reimbursement.