Model Risk Management Officer

EagleBank; Bethesda (MD); Hybrid; USD 153,000 - 262,000; Full time

Job summary

EagleBank in Bethesda, MD is seeking a Model Risk Management Officer to join our risk team. The role emphasizes stress testing and model validation for commercial real estate lending, reporting to senior management and regulators.

You will design testing frameworks, validate models across credit, market and liquidity risk, assess data quality, and collaborate with risk, finance, internal audit, and regulators. Hybrid work arrangements apply with four days in the Bethesda office.

Qualifications

• Bachelor’s or advanced degree in a quantitative field such as finance, economics, math, or statistics.
• 8+ years in model risk management with stress testing and model validation experience.
• Familiarity with CCAR, DFAST, and Basel guidelines; Excel expertise.
• Strong analytical, communication, and risk assessment skills.
• Programming in Python or R; knowledge of SAS or MATLAB desirable.

Responsibilities

• Develop and implement stress testing frameworks to assess bank exposures.
• Perform rigorous model validation across credit, market, and liquidity risk.
• Analyze model limitations, data quality, calibration and performance.
• Prepare reports communicating risks and recommended actions to leadership and regulators.
• Collaborate with risk management, finance, internal audit, and regulators.
• Identify improvements in methodologies, processes, and tooling.

Skills

Excel

Python

R

SAS

MATLAB

Education

BA/BS or advanced degree in finance/economics/mathematics/statistics

Tools

Python

R

SAS

MATLAB

Job description

Overview

We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ - EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another's experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $152,662.00 to $261,706.80. Additional compensation may be possible based on experience and skills.

We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in theBethesda, MDoffice four days per week.

Responsibilities

The Model Risk Management Officer aids the Board of Directors, senior management, and personnel in the governance of data and the assurance of data integrity through the administration of a comprehensive data governance strategy and the use of data analytics. We are seeking a skilled and experienced Model Risk Management Officer specializing in stress testing and model validation to join a strong community bank in the Washington DC area, focusing on commercial real estate lending with assets of approx. $11 Billion. As a Model Risk Management Officer, you will play a vital role in assessing, monitoring, and managing the risks associated with the bank's models in areas such as CECL, Commercial Credit Portfolio, Construction Portfolio, Capital Planning, Liquidity etc. with a particular focus on stress testing and model validation. You will work closely with various departments, including Risk Management, Credit Risk, Finance, Internal Audit, Executive management, and Regulators, to ensure the accuracy, integrity, and compliance of the bank's models with various banking regulations.

Essential Function:

• Conduct Stress Testing: Develop and implement stress testing frameworks and methodologies to assess the bank's exposure to various stress scenarios. Collaborate with the risk management team to identify potential risks and evaluate the impact of stress events on the bank's financial positions, including liquidity, credit, and market risks.
• Model Validation: Perform rigorous model validation to ensure the accuracy, robustness, and appropriateness of the bank's models. Review and validate models across different areas, including credit risk, market risk, liquidity risk, and operational risk. Evaluate model assumptions, data integrity, calibration, and performance, and provide recommendations for improvement when necessary.
• Risk Assessment: Analyze and assess the risks associated with the bank's models, including model limitations, data quality, and model assumptions. Identify potential model risks and develop risk mitigation strategies and controls to minimize the bank's exposure to model-related risks. Stay up to date with industry best practices and regulatory requirements related to model risk management.
• Documentation and Reporting: Prepare comprehensive reports documenting the findings of stress testing and model validation activities. Clearly communicate the results, including identified model risks and recommended actions, to senior management, risk committees, and regulatory authorities. Ensure the accuracy and completeness of documentation in compliance with internal policies and regulatory guidelines.
• Collaboration and Stakeholder Management: Collaborate effectively with various stakeholders, including quantitative modelers, risk managers, senior management, and internal audit teams. Provide guidance and support to other teams in understanding and addressing model risk issues. Participate in meetings, committees, and working groups related to model risk management
• Continuous Improvement: Proactively identify opportunities for enhancing the bank's stress testing and model validation practices. Recommend and implement improvements in methodologies, processes, and tools used for stress testing and model validation. Stay abreast of emerging trends, industry standards, and regulatory changes in model risk management.

Qualifications

Requirements:

• Bachelor's Degree in Arts/Sciences (BA/BS) or advanced degree in finance, economics, mathematics, statistics, or a related quantitative field
• 8 years of experience in model risk management within the financial services industry, with a strong focus on stress testing and model validation
• In-depth knowledge of stress testing methodologies, regulatory requirements (eg, CCAR, DFAST), and best practices
• Able to model, analyze, identify, and communicate risk
• Proficiency in statistical modeling, risk assessment techniques, and model validation principles
• Familiarity with financial products, risk management frameworks, and Basel guidelines
• Excel expertise – truly the highest level of excel user
• Strong analytical and critical thinking skills, with the ability to think critically and independently
• Excellent written and verbal communication skills, with the ability to convey complex concepts to both technical and non-technical stakeholders
• Solid understanding of regulatory guidelines, such as SR 11-7, SR 15-18, and SR 16-11
• Familiarity with programming languages (eg, Python, R) and statistical software (eg, SAS, MATLAB) is desirable

Preferences:

• Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are advantageous

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.