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Quantitative Model Risk Officer

$117k-154k/hr•Full-timeRemote

location_onSouth Westlake Avenue, Westlake South, Westlake, Los Angeles, Los Angeles County, California, 90006, United States

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Job Description

About the Team

Join a collaborative team dedicated to strengthening safe and sound banking practices through effective model risk management. This group plays a critical part in validating and monitoring complex models that inform key business decisions, helping to ensure accuracy, compliance, and confidence across the organization.

About the Role

As a Quantitative Model Risk Officer, you will perform full-scope validations and periodic reviews of financial and risk models. Your work will assess conceptual soundness, data integrity, performance, and governance. You will design and implement model test plans, including reusable code and analytical tools to support future validations.

In this role, you will partner with business units to monitor ongoing model performance and ensure alignment with expectations. You will collaborate with stakeholders to support adherence to model development and implementation standards, contributing to model governance activities such as model inventory, risk rating, and tracking across the bank. Additionally, you will prepare clear, thorough validation reports and presentations for senior leadership, maintain detailed documentation, and track progress on model risk initiatives. Staying current on industry trends, regulatory expectations, and emerging practices in model risk management is also a key part of the role.

Equal Opportunity Employer

Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.

Work location

Work model: Remote

South Westlake Avenue, Westlake South, Westlake, Los Angeles, Los Angeles County, California, 90006, United States

Los Angeles, California

Open in Google Maps(34.05977, -118.27315)

Key Responsibilities

  • check_circlePerform full-scope validations and periodic reviews of financial and risk models
  • check_circleDesign and implement model test plans and reusable analytical tools
  • check_circlePartner with business units to monitor ongoing model performance
  • check_circleCollaborate with stakeholders to ensure adherence to model standards
  • check_circleContribute to model governance activities including inventory and risk rating
  • check_circlePrepare validation reports and presentations for senior leadership
  • check_circleMaintain detailed documentation and track model risk initiatives

Requirements

  • verifiedMaster’s degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline
  • verified6 or more years of bank credit experience in model risk management, model development, or quantitative finance
  • verifiedProficiency in Excel, R, SAS, and SQL

Benefits & Perks

check_circleMedical, dental, vision, LTD, STD and life insurancecheck_circlePaid vacation time, sick time and 11 company paid holidayscheck_circle401k with up to 4% matchcheck_circleTuition reimbursement

Skills, education and keywords

Skills: excel, r, sas, sql, back-testing, sensitivity analysis, stress testing, benchmarking, model risk management, model development.

Education: Master’s degree in quantitative discipline required, or equivalent combination of education and experience.

Frequently asked questions about Quantitative Model Risk Officer at Medium

What does a Quantitative Model Risk Officer at Medium do?expand_more
Day-to-day, the Quantitative Model Risk Officer at Medium will perform full-scope validations and periodic reviews of financial and risk models; design and implement model test plans and reusable analytical tools; partner with business units to monitor ongoing model performance; and collaborate with stakeholders to ensure adherence to model standards.
What are the requirements for this Quantitative Model Risk Officer role?expand_more
Medium is looking for candidates who meet the following requirements: Master’s degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline; 6 or more years of bank credit experience in model risk management, model development, or quantitative finance; and Proficiency in Excel, R, SAS, and SQL.
What is the salary range for Quantitative Model Risk Officer at Medium?expand_more
The advertised salary range for Quantitative Model Risk Officer at Medium is $117k-154k/hr.
Where is the Quantitative Model Risk Officer role at Medium located?expand_more
Quantitative Model Risk Officer at Medium is based in South Westlake Avenue, Westlake South, Westlake, Los Angeles, Los Angeles County, California, 90006, United States. This is a remote role.
Is this Quantitative Model Risk Officer job remote, hybrid, or on-site?expand_more
Medium has listed this Quantitative Model Risk Officer role as remote.
How much experience is required for this Quantitative Model Risk Officer role?expand_more
Quantitative Model Risk Officer at Medium typically requires 6+ years of relevant experience at the senior level.
What skills do you need for the Quantitative Model Risk Officer role at Medium?expand_more
Key skills for Quantitative Model Risk Officer at Medium include excel; r; sas; sql; back-testing; sensitivity analysis; stress testing; and benchmarking.
What education is required for Quantitative Model Risk Officer at Medium?expand_more
Educational requirements for this role: Master’s degree in quantitative discipline required, or equivalent combination of education and experience.
What category does the Quantitative Model Risk Officer role belong to?expand_more
Quantitative Model Risk Officer at Medium is part of the Sales job category on Recrutus.