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Model Risk Analyst Validation

Paramus, NJ · Banking/Loans
Our client, a major bank, looking for talented Model Risk Analyst 100% remote role, must be located in US.
This is a permanent position with great benefits package and competitive compensation

** Must be authorized to work for ANY employer in US   - NO H1 Visa support for this role

Model Risk Analyst

Responsible for review and validation of models used by various groups at M&T for varied purposes, including capital stress testing, risk measurement, pricing and profitability, and management decision-making. Work under the supervision of team lead or manager to validate complex models.

Duties and Responsibilities
  • Coordinate the engagement of third parties to perform validation; and
  • Review the results of third-party validation.
  • Perform validation and analysis of expert judgment or qualitative factors that augment quantitative models.
  •  Review to confirm proper controls and adequate documentation are in place.
  • Recommend, as necessary, the cessation of reliance on models that are outdated or inaccurate, as determined by analysis.
  • Provide effective challenge during model development and throughout the life cycle of the model.
  • Prepare reporting for Management to monitor performance of models.
  • Participate in meetings with model owners to discuss current portfolio tracking and business observations.
  • Develop knowledge on standard concepts, practices, and procedures within the model validation/risk analytics field.
  • Mine data from a variety of sources; Utilize technical skills to manage data and efficiently conduct analyses.
  • Develop ad hoc processes to address efficiency gains that translate into repeatable procedures.
  • Prepare written summary and analysis of all validation work, using a combination of word processing and presentation software skills.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.


Responsible for day-to-day model validation activities. Plan, organize, and produce results.
Bachelor's Degree in Mathematics, Statistics, Business Engineering, Econometrics, or Science-based discipline,
Plus 2 years experience in model development or validation.
Technical knowledge of advanced software packages used in analytics (SAS,Python, R and etc.).

Master’s degree in Business Administration (MBA) or Advanced degree.

Use this link to apply directly:
Or email: igork@brainsworkgroup.com
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Keywords:model risk mrm python analyst regulatory governance erm enterprise

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