Hybrid Senior Model Risk Analyst - Validation & AI/ML

Greater Boston Chamber of Commerce; Boston (MA); Hybrid; USD 98,000 - 150,000; Full time

Job summary

The Senior Model Risk Analyst at the Federal Home Loan Bank of Boston will lead validations for complex financial, risk, and forecasting models, ensuring sound methodologies and regulatory compliance. You will interact with model owners, senior management, auditors, regulators, and vendors to deliver clear validation findings and outcomes.

Hybrid work in Boston with initial in-office onboarding. The role demands strong quantitative skills, excellent communication, and a deep understanding of

Qualifications

• Requires seven+ years in model risk management or related analytics.
• Demonstrated ability to independently lead validations and produce reports.
• Experience with financial institution models (IRR, liquidity, mortgage, stress testing).

Responsibilities

• Lead model validations and risk reviews for complex models and processes.
• Challenge methodologies, data sources, controls, and performance monitoring.
• Develop comprehensive validation reports for stakeholders and regulators.
• Support governance, validation planning, and risk reporting enhancements.
• Mentor junior analysts and contribute to cross-functional projects.

Skills

Model risk management

Model validation

Statistics & econometrics

Programming & analytics tools

Communication skills

Regulatory knowledge

Auditor/regulator interaction

Independent work & teamwork

Education

Master's in finance/economics/math/stats/engineering/data science

PhD / CFA / FRM a plus

Tools

PolyPaths

Summit

Principia

Yield Book

Numerix

Bloomberg

Moody's

Job description

The Senior Model Risk Analyst at the Federal Home Loan Bank of Boston will lead validations for complex financial, risk, and forecasting models, ensuring sound methodologies and regulatory compliance. You will interact with model owners, senior management, auditors, regulators, and vendors to deliver clear validation findings and outcomes.

Hybrid work in Boston with initial in-office onboarding. The role demands strong quantitative skills, excellent communication, and a deep understanding of