Model Risk Validation & Monitoring Analyst

Socket.dev; Fargo (ND); On-site; USD 90,000 - 130,000; Full time

Job summary

Bell Bank seeks a Model Risk Analyst to conduct comprehensive assessments, validations, and ongoing monitoring of models across risk management. You will ensure conceptual soundness, methodological robustness, and regulatory alignment within the bank’s MRM framework and industry best practices.

In collaboration with model developers, business owners, and risk stakeholders, you will challenge design, evaluate performance, maintain thorough documentation, and communicate model risks clearly.

Qualifications

• Bachelor’s Degree in business analytics, finance, economics, statistics, or other similar field; or equivalent experience.
• 4-6 years of experience in risk management, compliance, data analytics, risk analytics, or related roles.
• Experience with banking products, credit processes, liquidity management, stress testing, forecasting models, and/or capital planning frameworks preferred.
• Experience with statistical and data analysis tools.

Responsibilities

• Collaborate with stakeholders to ensure models adhere to governance standards and regulatory requirements.
• Lead/participate in ongoing monitoring and maintenance of models.
• Identify, assess, and communicate model-related risks with mitigation strategies.
• Maintain accurate model documentation and ensure transparency in assumptions and use cases.
• Lead/participate in validation of models used in risk management, pricing, stress testing, and other critical areas.

Skills

Analytical thinking

Quantitative analysis

Regulatory understanding

Communication skills

Education

Bachelor's degree in business analytics or related field

Tools

Statistical software

Data analysis tools

Job description

Bell Bank seeks a Model Risk Analyst to conduct comprehensive assessments, validations, and ongoing monitoring of models across risk management. You will ensure conceptual soundness, methodological robustness, and regulatory alignment within the bank’s MRM framework and industry best practices.

In collaboration with model developers, business owners, and risk stakeholders, you will challenge design, evaluate performance, maintain thorough documentation, and communicate model risks clearly.