Quantitative Model Risk Analyst

Quantitative Model Risk Analyst

Hicksville, NY 11801

The Quantitative Model Risk Analyst supports the implementation and execution of the Bank-wide model risk management policy. This includes the review of complex models used within the organization, model development documentations, model code, and model performance. The Quantitative Model Risk Analyst prepares written validation reports, makes recommendations, and follows up and tracks ongoing model risk issues.

• Performs independent validation of selected models to assess the conceptual soundness of model design and development, ongoing monitoring, and outcomes analysis.
• Replicates the model code, reviews model development documentation and model inputs, processing, and outputs.
• Develops and maintains effective partnerships with analysts, model owners, business level risk management teams and auditors, internal and external.
• Prepares written model validation reports and provides recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team.
• Tracks remediation progress and resolution status for identified model deficiencies.
• Assists in the development and maintenance of comprehensive reporting on the deficiencies identified, remediation status, and other critical data elements with respect to remediation.
• Uses independent judgement and discretion to make decisions.
• Analyzes and resolves problems.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
• JOB REQUIREMENTS

• Education level required: ​Undergraduate Degree (4 years or equivalent)​ Business, Finance, Risk Analysis or related field.
• Minimum experience required: ​ 2+ years at a financial institution in risk management and/or model risk management, with a focus on an assigned specialty area such as BSA & Anti‑Money Laundering models, CECL and stress test models, credit risk rating models, asset liability management, treasury and liquidity models, or AI models.

• Education level preferred: ​Master's Degree (or Postgraduate equivalent)​ Business, Finance, Risk Analysis or related field.