Model Risk & Operational Risk Analyst

Phyton Talent Advisors; Red Bank (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

Phyton Talent Advisors is assisting a bank in Red Bank, NJ to hire a Senior Operational Risk and Model Risk professional. You will support assessment, oversight, and escalation of risk across the three lines of defense, aligning with regulatory standards and the Bank's risk appetite.

You will execute RCSAs, review model inventories and validations, monitor controls, and prepare governance reports for the Board, with a emphasis on data quality and integrity in risk reporting.

Qualifications

• Knowledge of model risk best practices and risk control self‑assessments.
• Experience with risk/incidents, issues management and scenario analysis.
• Ability to evaluate risk and provide data‑driven recommendations.

Responsibilities

• Document bank‑wide processes with a focus on technology risks via RCSAs.
• Track and analyze operational risk incidents and losses; guide remediation.
• Support training on the Governance, Risk, and Compliance tool.
• Monitor and test operational risk controls for effectiveness.
• Develop quantitative measures to monitor risk and identify trends.
• Maintain model inventory and perform model risk analysis.
• Review model validation reports for soundness and data quality.
• Backtest models and track model issues to timely remediation.
• Update risk reports for Business Units, Management, and the Board.

Skills

Risk assessment

Governance

Analytical thinking

Communication skills

Stakeholder management

Independent work

Problem solving

Tools

Microsoft Office

Visio

GRC tools

Job description

Phyton Talent Advisors is assisting a bank in Red Bank, NJ to hire a Senior Operational Risk and Model Risk professional. You will support assessment, oversight, and escalation of risk across the three lines of defense, aligning with regulatory standards and the Bank's risk appetite.

You will execute RCSAs, review model inventories and validations, monitor controls, and prepare governance reports for the Board, with a emphasis on data quality and integrity in risk reporting.