ERM Model Risk Senior Analyst - Remote

Job ID: 101279951328Posted: 2026-09-28Location: Draper, Utah, United StatesSalary: $72,800 - $130,000/yearJob Area: Banking & Financial ServicesCompany: UnitedHealth GroupOptum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.The ERM Model Risk Senior Analyst will be responsible for planning and executing on model governance and model validations in alignment with the Bank's Model Risk Management ("MRM") governance framework. The Model Risk Senior Analyst will work with model owners, other MRM analysts, and upper management to ensure model documentation and risk management processes are implemented appropriately to meet business needs/regulatory obligations and ensure appropriate governance processes are followed and documented in all phases of the model lifecycle: model development, use, calibration/validation, and decommissioning.This position will support ERM management reporting, committee governance, and related risk oversight processes across the organization. The Senior Analyst will also support the execution of the Bank's ERM framework by ensuring that various risks are managed systemically, such that the firm has a regular, comprehensive view of its risk profile as well as of key trends and emerging risks that could potentially affect the Bank's overall risk profile. You'll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four 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.Primary Responsibilities:Model Risk Validations and Governance:Ensure model owner compliance with MRM procedures and standards, especially during model implementation and development phasesDocument model policies, methodologies, and processes when appropriateMaintain and recommend enhancements to the Model Inventory tracking and Model Risk Assessment for each modelValidate that appropriate level of documentation is completed for each model or non-model toolLead 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 Prepare and present recommendations to the Bank's Risk Review CouncilAssist the Bank in advancing its Model Risk governance framework and MRM programPrepare items for internal audits and regulatory examsEnterprise Risk Reporting and Governance:Analyze risk information, metrics, trends, issues, and remediation activities to identify themes, emerging risks, and items requiring follow-upDevelop, maintain, and enhance recurring management and committee reporting, including risk profile updates, key risk indicators (KRIs), emerging risk reporting, trend analysis, risk appetite metrics, and issue management reportingDevelop and maintain reports, dashboards, presentations, metrics, and remediation tracking materials used to communicate risk information to management and committeesSupport implementation and ongoing maintenance of the Bank's enterprise risk management framework, policies, governance processes, and reporting practicesSupport process improvement initiatives related to enterprise risk reporting, governance, and issue management activitiesUse enterprise-approved AI tools to streamline workflows, automate tasks and drive continuous improvementEvaluate emerging trends to inform solution design and strategic innovationYou'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.Required Qualifications:Bachelor's degree 5+ 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 processes5+ years of experience with Microsoft Office PowerPoint (creating and executing presentations), and 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 analysisExperience 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 complianceExperience developing and implementing quantitative models, CECL, Fraud, and/or Credit underwriting within a financial institution or relevant industryAbility to travel a few times a year for onsite meetings and other business-related needsPreferred Qualifications:Bachelor's degree in Finance, MIS, Quantitative Finance, Mathematics, Statistics, Economics, or a related field with a focus on financial modelingRegulatory experience or experience in assisting with regulatory examinations In-depth knowledge of statistical modeling techniques, econometrics, time-series analysis, and risk management principlesFunctional knowledge in meeting regulatory expectations and standards in all phases of the model development, use, and maintenance processIf 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 weekSoft Skills:Assertive self-starter, with solid 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 PolicyPay 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). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $72,800 - $130,000 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.At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.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.