Model Risk Analyst: Validation, Insight & Oversight

UMB Financial Corporation; Missouri; Hybrid; USD 82,000 - 120,000; Full time

Benefits offered by this job

Paid Time Off

401(k) matching

Annual incentive pay

Medical, dental, vision insurance

HSA/FSA accounts

Tuition reimbursement

Wellbeing program

Adoption assistance

Employee assistance program

Fitness reimbursement

Banking benefits

Job summary

UMB Financial Corporation in Missouri is seeking a Model Risk Analyst to independently evaluate model soundness, performance, and monitoring across the enterprise. You will collaborate with model developers, risk teams, and business stakeholders to assess risk and provide actionable remediation recommendations.

This role emphasizes quantitative analysis, validation, and ongoing oversight of emerging AI and analytics models, with a focus on governance and enabling confident business use of

Qualifications

• Bachelor's degree in Statistics/Applied Mathematics, Finance, Economics, or equivalent.
• 2+ years in risk management, model development/validation, consulting, banking, or financial services.

Responsibilities

• Model Validation: Perform independent model validations, including assessments of conceptual soundness, methodology, assumptions, data quality, implementation, outcomes analysis, and ongoing performance monitoring.
• Quantitative Analysis: Apply statistical, mathematical, and analytical techniques to evaluate model performance, identify limitations, challenge assumptions, and assess potential model weaknesses.
• Model Risk Assessment: Identify, document, and evaluate model risks, limitations, findings, and control weaknesses. Develop clear, risk-based recommendations for remediation and ongoing oversight.
• Model Monitoring: Review ongoing model performance, monitoring metrics, back-testing, sensitivity analysis, and outcomes testing to identify changes in model performance or emerging risks.
• Business Partnership: Collaborate with model owners, developers, business stakeholders, and other risk management teams to understand model purpose, challenge methodologies, communicate findings, and support remediation.

Skills

Python

R

SAS

SQL

AI tools

Education

Bachelor's degree (Statistics/Applied Mathematics, Finance, Economics)

Job description

UMB Financial Corporation in Missouri is seeking a Model Risk Analyst to independently evaluate model soundness, performance, and monitoring across the enterprise. You will collaborate with model developers, risk teams, and business stakeholders to assess risk and provide actionable remediation recommendations.

This role emphasizes quantitative analysis, validation, and ongoing oversight of emerging AI and analytics models, with a focus on governance and enabling confident business use of