Job Title
Senior Model Risk Analyst
Location:
CityScape
What You'll Do
Western Alliance Bank (WAL) is seeking a Senior Model Risk Analyst for its Model Risk Management Group. The analyst will work closely with the Model Validation Manager to identify, assess, mitigate, and monitor model risk. The analyst will also contribute to the development of the bank’s Model Risk Management program. Candidates should have a PhD in a quantitative field and 3+ years of experience (or a master’s in a quantitative field with 6+ years of experience) validating and/or developing CECL and stress testing (e.g., PD, LGD, EAD, PPNR, deposit models, and economic scenarios etc.), and/or asset and liability management models in the financial services industry.
Responsibilities
What we are looking for:
- Leverages statistical, financial, economic, and business expertise to conduct and/or oversee independent model validation activities outlined in the bank’s Model Risk Management Policy and Federal Reserve SR 11-7 (e.g., evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis)
- Writes high quality model validation reports and/or presentations
- Ensures identified model risk issues are effectively remediated
- Contributes to the development and implementation of model risk management policies and procedures
- Keeps abreast of research and trends in statistical modeling and model risk management
Qualifications
- PhD in a quantitative field (e.g., statistics, economics, mathematics, computer/data science) and 3+ years of experience (or a master’s in a quantitative field with 6+ years of experience) validating and/or developing models in the financial services industry
- Excellent quantitative modeling, analytical, research, and programming skills
- Expertise in one of the following: SAS, R, Python, Stata, SPSS, Matlab, SQL
- Strong communication skills, both verbal and written
- Good project management skills, with the ability to work independently on multiple projects and on tight deadlines
Benefits You’ll Love
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!
About The Company
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is 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 HR@westernalliancebank.com or call 602-386-2488. 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.
