Senior Model Risk Manager

Job Title:Senior Model Risk ManagerLocation:CityScapeWhat you'll do:As a Senior Model Risk Manager you'll provide effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities. You'll develop, implement, and maintain a robust model risk management framework, ensuring it aligns with industry best practices and regulatory requirements. You'll oversee and conduct model validation activities, including assessing model accuracy, stability, and suitability for intended use. You'll establish and maintain model governance policies and procedures as well as communicate model risk information to stakeholders, including senior management, business units, and regulators.Analyze model data, identify trends, and interpret results to inform risk management decisions.Work collaboratively with model developers, business users, and other stakeholders to ensure effective model risk management.Prepare model risk information reports and any other ad-hoc reports as required and develop risk management controls and procedures.Employ techniques and practices that will identify, measure and mitigate model risks.Lead and develop a team; responsible for hiring, coaching, performance management, training and development.What you'll need: 8+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field.Masters or MBA in related field required; PhD in related field preferred.Previous leadership experience preferred.Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.Advanced to expert knowledge of formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve.Advanced to expert knowledge of stress testing concepts and related regulatory guidance (such as the Fed Letter SR11-7).Advanced speaking and writing communication skills.Occasional travel required.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, 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 AmeriHome 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 View email address on click.appcast.io or call View phone number on click.appcast.io. 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. Western Alliance BancorporationSummaryLocation: Phoenix, AZType: Full time