Talent.com
Bank Model Risk Analyst in New York Contract $125 / hr

Bank Model Risk Analyst in New York Contract $125 / hr

Recruiting for GoodUS
30+ days ago
Job type
  • Temporary
Job description

Must Live Near New York Position is Hybrid 3-6 Month Contract

The Bank Model Risk Analyst will apply financial models to manage and balance a financial institution's assets and liabilities, mitigating risks like interest rate and liquidity risks and ensuring capital adequacy.

Model Risk Management :

They participate in the entire lifecycle of models, from development and implementation to validation and ongoing monitoring.

Risk Identification and Mitigation :

They proactively identify potential risks associated with models and develop strategies to mitigate those risks.

Model Validation :

They rigorously assess the accuracy, reliability, and suitability of models for their intended use.

Compliance :

They ensure that the bank's model risk management program complies with relevant regulations and internal policies.

Reporting :

They prepare reports for senior management and the board of directors on the bank's model risk profile.

Collaboration :

They work closely with model owners, developers, and other stakeholders to ensure effective model risk management.

Skills and Qualifications :

Strong analytical and problem-solving skills :

Strong ALM (Asset Liability Management) experience

Knowledge of financial models and risk management principles :

Familiarity with relevant regulations and standards :

Good communication and interpersonal skills :

Ability to explain complex technical information clearly :

Experience with model validation and risk assessment :

CECL (Current Expected Credit Losses) experience a plus;

Quantitative background (e.g., mathematics, statistics, finance)

Create a job alert for this search

Model Risk Analyst • US