Full-time
ENTERPRISE RISK MANAGEMENT ANALYST II - MODEL RISK - Stifel - St. Louis, MO

SUMMARY The Enterprise Risk Management (ERM) Analyst II provides assistance with the continuous development of sound model risk management practices. This position is responsible for helping ensure that all aspects of the model’s lifecycle is in compliance with Model Risk Management (MRM) policies and procedures including the periodic validation of models. ESSENTIAL DUTIES AND RESPONSIBILITIES Perform model risk assessments, gap analyses and identifies trends to improve process/controls. Perform model validations on low rated models in accordance with FRB SR 11-7 within established timelines which includes the ability to write code to assist in the validation. Maintain model inventory and ensure inventory is periodically affirmed by the respective Business Unit Risk Manager (BURM). Perform annual model risk assessments and ensure that each assessment is formally documented. Review model documentation to ensure consistency across business lines and throughout the Firm. Prepare reporting for BURMs, ERM, Operational Risk Committee, and Risk Management/ Corporate Governance Committee. Prepare remediation plans for internal audit and regulatory MRM findings. Monitor regulatory changes that may affect models and potentially impact the model risk. Assist with the annual updates of the Model Risk Management Policy, development of model validation, change control, and model risk acceptance procedures. Review model validation results recommending new processes and or action plans where warranted due to risk. Serve as the main contact for daily interactions between the model owner and model validators. Some travel by car and/or air in conjunction with local, regional and/or national travel, up to 35%. QUALIFICATIONS
Bachelor’s degree in Finance, Accounting, Economics, Statistics, or a Business/Finance related discipline required. 3-5 years’ experience in a quantitative analysis experience relevant to model risk management to include statistical analysis, modeling, mathematics and other quantitative disciplines required. Knowledge and understanding of regulatory expectations for model risk including FRB SR 11-7. Knowledge of or ability to learn Bank software, hands-on experience with SQL, at least proficient in one or more of statistical, math, economics, or science packages (e.g., R, MatLab, EViews, SAS, Python, SPSS, Strata, etc.), and use of related Excel add-ons. Strong conceptual and quantitative problem solving skills and demonstrates curiosity in researching and evaluating issues and potential resolutions. Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems. Ability to use logic and reasoning to identify complex problems, review related information, develop options, and implement solutions while using solid and reliable mathematical skills. Strong communication skills and ability to relay information well in both written and verbal form at all levels of management as well as participate in presentations. Ability to manage priorities, deadlines, and tasks in order to meet deadlines and accomplish goals. Ability to effectively challenge the model methodology and/or results based on understanding of the industry and leading practices.

Apply for this job  or Save to My Jobs

Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing careersinfosecurity.eu, you agree to our use of cookies.