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Associate Model Risk Analyst
5 days agoPay$70000.00 - $90000.00 / year
LocationNew York/New York
Employment typeFull-Time
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Job Description
- Req#: 96.55A
Employer Industry: Behavioral Biometrics and Financial Technology
Why consider this job opportunity:
- Opportunity for career advancement and growth within the organization
- Collaborative and innovative work environment with a focus on customer success
- Engage with a portfolio of major financial institutions and contribute to fraud prevention efforts
- Work with cutting-edge technology and methodologies in model risk management
- Chance to develop expertise in a growing field with a strong foundation in statistics and data analysis
What to Expect (Job Responsibilities):
- Respond to Model Risk Management (MRM) inquiries and requests from customers
- Lead discussions to enhance MRM processes and accelerate validation timelines
- Support customers in resolving model validation findings and tracking outstanding issues
- Prepare and review customer-specific model documentation for MRM approval
- Collaborate with various teams to ensure effective customer responses and drive internal process improvements
What is Required (Qualifications):
- Bachelor's degree in a quantitative field (e.g., Statistics, Mathematics, Data Science, Economics, Finance, or related disciplines); Master's or Ph.D. preferred
- Up to 4 years of experience in model risk management, data analytics, or a related field (internships or academic projects considered)
- Familiarity with statistical modeling, machine learning techniques, and validation methodologies
- Strong analytical and problem-solving skills with attention to detail
- Ability to write, modify, and interpret SQL queries
How to Stand Out (Preferred Qualifications):
- Understanding of regulatory guidance on model risk management (e.g., SR 11-7)
- Excellent communication skills with the ability to document and present findings effectively
- Experience in managing multiple engagements simultaneously
#BehavioralBiometrics #FinancialTechnology #ModelRiskManagement #DataAnalysis #CareerOpportunity
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