Model Risk Analyst

Western Alliance Bancorporation; Phoenix (AZ); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Competitive salaries

Medical and dental insurance

401k matching program

Tuition assistance program

Employee volunteer program

Wellness program

Job summary

Western Alliance Bancorporation in Phoenix, Arizona is seeking a Model Risk Analyst. In this role, you'll apply your expertise in statistical, financial, and economic modeling to conduct independent model validation in accordance with the bank's policies.

The ideal candidate will have a PhD or at least 3 years of relevant experience, strong quantitative skills, and proficiency in programming languages like Python and R. We offer competitive salaries, comprehensive benefits, and a vibrant workplace culture.

Qualifications

• Preferred PhD or 3+ years related work experience in financial model validation.
• Intermediate to advanced programming skills in Python, R, or SAS.
• Knowledge of regulatory and legal compliance in financial services.

Responsibilities

• Conduct independent model validation activities.
• Prepare comprehensive model validation reports.
• Aid in model governance activities.

Skills

Statistical modeling

Quantitative analysis

Python

R

SAS

SQL

Project management

Education

PhD or Master's degree in a quantitative field

Job description

Job Title: Model Risk Analyst

Location: CityScape

What you'll do:

• Apply statistical, financial, economic, and business expertise to conduct independent model validation activities in accordance with the bank's Model Risk Management Policy and Federal Reserve SR 26 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis and benchmarking etc.).
• Prepare comprehensive model validation reports and presentations.
• Aid in model governance activities including enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues/findings, and producing quarterly reporting.
• Stay current with research and trends in statistical modeling and model risk management.

What you'll need:

• Preferred PhD or 3+ years of related work experience in validating and/or developing the types of models used in the financial services industry.
• Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance.
• Intermediate knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
• Intermediate project management skills and ability to manage multiple projects independently.
• Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
• Intermediate to Advanced experience with Python, R, or SAS, with hands‑on experience in SQL.
• Intermediate verbal and written communication skills.
• Knowledge of general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services preferred.

Benefits you'll love: We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands‑on experience to help grow your career!

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [e-mail] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.