Associate Model Risk Analyst

BioCatch; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

An established industry player in Behavioral Biometrics is seeking a detail-oriented Associate Model Risk Analyst. This role is crucial for enhancing digital security by leveraging machine learning to analyze online user behavior. You will work closely with clients and internal teams to streamline model validation processes, ensuring compliance and risk management standards are met. If you have a background in statistics or data analysis and are passionate about improving processes in a dynamic environment, this opportunity is perfect for you!

Qualifications

• Up to 4 years of experience in model risk management or data analytics.
• Knowledge of statistical modeling and validation methods.

Responsibilities

• Respond to client inquiries related to Model Risk Management.
• Prepare and review model documentation for approval.
• Collaborate with Data Science and Threat Analytics teams.

Skills

Statistical Modeling

Data Analysis

Machine Learning

SQL

Analytical Skills

Organizational Skills

Communication Skills

Education

Bachelor's Degree in Quantitative Field

Master's or Ph.D. (Preferred)

Job description

Join to apply for the Associate Model Risk Analyst role at BioCatch.

BioCatch is a leader in Behavioral Biometrics, leveraging machine learning to analyze online user behavior for security purposes. The company’s mission is to utilize behavior insights to enhance digital security, serving major banks and financial institutions globally.

We are seeking a detail-oriented individual with a background in statistics, data analysis, or model governance to join our Model Risk Management team as an Associate Model Risk Analyst. This role involves working closely with clients and internal teams to streamline model validation and approval processes, ensuring compliance and risk management standards are met.

Responsibilities:

• Respond to client inquiries related to Model Risk Management (MRM).
• Lead discussions to improve MRM processes and validation efficiency.
• Assist clients in addressing validation findings and tracking issues.
• Prepare and review model documentation for approval.
• Maintain records of model submissions and approvals.
• Identify documentation gaps and ensure regulatory compliance.
• Stay updated on MRM regulations and industry best practices.
• Collaborate with Data Science and Threat Analytics teams.
• Create checklists and guides for clients.
• Manage multiple client requests simultaneously.
• Contribute to process improvements based on feedback and regulatory changes.

Requirements:

• Bachelor’s degree in a quantitative field; Master’s or Ph.D. preferred.
• Up to 4 years of experience in model risk management or data analytics.
• Knowledge of statistical modeling, machine learning, and validation methods.
• Strong analytical, organizational, and communication skills.
• Proficiency in SQL.
• Understanding of regulatory guidance (e.g., SR 11-7) is a plus.

Salary range: $70K-$90K annually.