Model Risk Analyst

Model Risk Analyst

This position is national remote. You'll enjoy the flexibility to telecommute* from anywhere within the U.S. as you take on some tough challenges. For all hires in Minneapolis, Virginia, Maryland, or Washington, D.C. area, you will be required to work in the office for a minimum of four (4) days per week. If qualified candidate lives in the Draper, UT / Salt Lake City, UT area, the position will be hybrid, and the candidate will be required to come to the Draper, UT office 3 days a week. This position is full time, Monday - Friday. Employees are required to have flexibility to work any of our shift schedules during our normal business hours of 8:00 am - 5:00 pm. It may be necessary, given the business need, to work occasional overtime.

This will be on the job training and the hours during training will be during normal business hours, Monday - Friday.

Primary Responsibilities:

• Assist in documenting model policies, methodologies, and processes when appropriate
• Maintain the Model Inventory tracker and Model Risk Assessment for each model
• Ensure model documentation is completed for each model or non-model tool
• Participate in completing internal and external model validations
• Stress testing, back testing, replication testing and effective challenge of the Bank's models
• Provide challenge to model implementation, model performance, and model validation processes, ensuring adherence to appropriate MRM standards
• Provide recommendations for enhancements to MRM templates and procedures
• Assist the Bank in advancing its Model Risk governance framework and MRM program

Required Qualifications:

• Bachelor's degree
• 3+ years of experience working in a bank OR other financial institution with duties focused on documenting policies, standards, and procedures related to implementing sound risk management practices, methods, tools, and processes
• 3+ years of experience with Microsoft Office PowerPoint (creating and executing presentations), and Microsoft Excel (Pivot Tables, VLOOKUP, Formulas, Formatting, etc.)
• 2+ years of programming experience in high-level programming languages such as SQL, Python, OR other related languages with experience in data manipulation and analysis
• Experience with internal and external model validations, including stress testing, back-testing, and replication testing, while providing effective challenge to model implementation, model performance, assumptions, and validation results to ensure model accuracy, reliability, and regulatory compliance
• Experience developing and implementing quantitative models, CECL, Fraud, and / OR Credit underwriting within a financial institution OR relevant industry
• Ability to travel a few times a year for onsite meetings and other business-related needs

Preferred Qualifications:

• Bachelor's degree in Finance, MIS, Quantitative Finance, Mathematics, Statistics, Economics, OR a related field with a focus on financial modeling
• Regulatory experience OR experience in assisting with regulatory examinations
• Knowledge of statistical modeling techniques, econometrics, time-series analysis, and risk management principles
• Functional knowledge in meeting regulatory expectations and standards in all phases of the model development, use, and maintenance process

Telecommuting Requirements:

• Ability to keep all company sensitive documents secure (if applicable)
• Required to have a dedicated work area established that is separated from other living areas and provides information privacy
• Must live in a location that can receive a UnitedHealth Group approved high-speed internet connection or leverage an existing high-speed internet service

Soft Skills:

• Assertive self-starter, with strong verbal and written skills
• Ability to analyze, manage and resolve complex issues with attention to detail

*All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary for this role will range from $60,200 - $107,400 annually based on full-time employment. We comply with all minimum wage laws as applicable.

Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.