Model Risk Officer — Validation & Governance (Hybrid)

Wintrust Financial Corporation; Chicago (IL); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Comprehensive benefits package

Flexible Spending Account (FSA)

401(k) with company match

Employee Stock Purchase Plan

Pet Insurance

Job summary

A financial services institution in Chicago is seeking a Model Risk Management Officer to validate bank-wide models. The role includes independent validation of mathematical and qualitative models while ensuring compliance with regulatory policies. Candidates should have 0-3 years of experience in credit risk models and a related Master's degree. This position offers a hybrid work schedule and a competitive compensation package including medical insurance and a 401(k) plan.

Qualifications

• 0-3 years of experience with models related to credit risk.
• Familiarity with CECL, AI, and Machine Learning required.
• Master's degree or equivalent is necessary.

Responsibilities

• Perform independent validation of statistical and econometric models.
• Develop and execute model validation testing plans.
• Review model documentation for compliance.

Skills

Experience with credit risk models

Knowledge of AI and Machine Learning

Understanding of regulatory compliance

Education

Master’s degree or equivalent

Tools

MRM Model Validation tool

Job description

A financial services institution in Chicago is seeking a Model Risk Management Officer to validate bank-wide models. The role includes independent validation of mathematical and qualitative models while ensuring compliance with regulatory policies. Candidates should have 0-3 years of experience in credit risk models and a related Master's degree. This position offers a hybrid work schedule and a competitive compensation package including medical insurance and a 401(k) plan.