Model Risk Analyst – AI Governance & Validation

RXinsider LTD.; North Carolina; Hybrid; USD 82,000 - 134,000; Full time

Job summary

Live Oak Bank is seeking a Model Risk Analyst based in the North Carolina market to validate models and oversee AI-enabled tools within governance standards. You will provide independent challenge, review monitoring results, and support risk dashboards and reporting.

The role emphasizes collaboration, strong communication, and ongoing governance alignment with SR 26-2 and evolving AI guidance. Base pay reflects a broad range with eligibility for bonuses.

Qualifications

• Bachelor's degree in statistics, math, economics, finance, engineering, data analytics or CS.
• 2–4 years in model risk management, validation, analytics or related risk function.
• Experience reviewing/validating quantitative and/or qualitative models.
• Ability to analyze model docs, data, assumptions and results with independent judgment.
• Baseline familiarity with AI concepts and governance considerations.
• Proficiency with Python and SQL; experience with version-control and analytics platforms.

Responsibilities

• Perform validations of internal and vendor models, assessing soundness, data, methodology, outcomes and limitations.
• Review monitoring results and challenge models to confirm ongoing performance and identify risks.
• Evaluate model change requests including data updates and method changes for appropriate review.
• Provide effective challenge to owners by identifying risks, gaps and remediation steps.
• Document findings, assign risk levels and track remediation through closure.

Skills

Python

SQL

GitHub

Databricks

Communication

Independent judgment

Education

Bachelor's degree in quantitative field

Master's degree (preferred)

Tools

GitHub

Databricks

Job description

Live Oak Bank is seeking a Model Risk Analyst based in the North Carolina market to validate models and oversee AI-enabled tools within governance standards. You will provide independent challenge, review monitoring results, and support risk dashboards and reporting.

The role emphasizes collaboration, strong communication, and ongoing governance alignment with SR 26-2 and evolving AI guidance. Base pay reflects a broad range with eligibility for bonuses.