Quantitative Model Risk Officer

Role Description

Join a collaborative team dedicated to strengthening safe and sound banking practices through effective model risk management. In this role, you’ll play a critical part in validating and monitoring complex models that inform key business decisions. Your work will help ensure accuracy, compliance, and confidence across the organization.

• Perform full-scope validations and periodic reviews of financial and risk models to assess conceptual soundness, data integrity, performance, and governance.
• Design and implement model test plans, including reusable code and analytical tools to support future validations.
• Partner with business units to monitor ongoing model performance and ensure alignment with expectations.
• Collaborate with stakeholders to support adherence to model development and implementation standards.
• Contribute to model governance activities, including model inventory, risk rating, and tracking across the bank.
• Prepare clear, thorough validation reports and presentations for senior leadership.
• Maintain detailed documentation and track progress on model risk initiatives.
• Stay current on industry trends, regulatory expectations, and emerging practices in model risk management.

Qualifications

• You have a Master’s degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline (Required).
• An equivalent combination of education and experience can be considered in lieu of a degree.
• You have 6 or more years of bank credit experience in model risk management, model development, or quantitative finance (Required).

Requirements

• You apply advanced statistical and quantitative techniques to assess model assumptions, design, and performance.
• Bring hands-on experience with validation techniques such as back-testing, sensitivity analysis, stress testing, and benchmarking.
• You understand model risk management frameworks, regulatory guidance, and lifecycle governance standards.
• Communicate complex technical concepts clearly and effectively to both technical and non-technical audiences.
• You take initiative and consistently deliver accurate, high-quality work both independently and collaboratively.
• You are proficient in analytical tools such as Excel, R, SAS, and SQL.
• You identify model weaknesses and produce documentation that stands up to regulatory and audit review.
• Travel up to 10%.

Benefits

• Targeted starting salary range (based on experience): $117,249 - 154,493.
• Annual incentive potential.
• Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life.
• Paid vacation time, sick time and 11 company paid holidays.
• 401k (with up to 4% match).
• Tuition reimbursement.