Senior Model Risk Analyst - Remote

Freddie Mac; Draper (UT); Remote; USD 100,000 - 141,000; Full time

Job summary

An established industry player in Healthcare Services is seeking a skilled professional to join their team in a pivotal role focused on model risk management. This position offers the flexibility of remote work and a chance to make a meaningful impact on health equity and community health outcomes. With a comprehensive benefits package, including equity stock purchase and 401k contributions, this role promises not just career advancement but also a supportive and inclusive work culture that values diversity. If you have a strong background in quantitative modeling and risk management, this opportunity could be your next big step.

Benefits

Comprehensive benefits package

Incentive and recognition programs

Equity stock purchase

401k contributions

Flexible remote work

Qualifications

• 5+ years of experience in risk management practices.
• 3+ years in developing quantitative models including CECL.

Responsibilities

• Ensure compliance with Model Risk Management procedures.
• Lead internal and external model validations.

Skills

Quantitative Modeling

Risk Management

SQL

Python

Microsoft Excel

Microsoft PowerPoint

Education

Bachelor's degree in Finance

Degree in Quantitative Finance

Degree in Mathematics

Degree in Statistics

Degree in Economics

Tools

Power BI

Job description

Employer Industry: Healthcare Services

Why consider this job opportunity:
- Salary up to $140,600 annually
- Comprehensive benefits package, including incentive and recognition programs, equity stock purchase, and 401k contributions
- Opportunity for career advancement and growth within the organization
- Flexibility to work remotely from anywhere within the U.S.
- Supportive and inclusive work culture that values diversity and inclusion
- Chance to make a meaningful impact on health equity and community health outcomes

What to Expect (Job Responsibilities):
- Ensure model owner compliance with Model Risk Management (MRM) procedures during model implementation and development phases
- Document model policies, methodologies, and processes as needed
- Validate that appropriate documentation is completed for each model or non-model tool
- Lead internal and external model validations, including stress testing, back testing, and replication testing
- Prepare and present recommendations to the Bank's Risk Review Council

What is Required (Qualifications):
- Bachelor's degree in Finance, MIS, Quantitative Finance, Mathematics, Statistics, Economics, or a related field with a focus on financial modeling
- 5+ years of experience in a bank or financial institution focusing on risk management practices
- 3+ years in developing and implementing quantitative models, including CECL and internal credit ratings
- 3+ years of experience with Microsoft Office PowerPoint and Excel, including advanced functions
- 2+ years of programming experience in high-level programming languages such as SQL and Python

How to Stand Out (Preferred Qualifications):
- Degree or professional certification in model risk management or related area
- Experience with CECL model development for Commercial Real Estate and consumer lending portfolios
- Power BI experience
- Regulatory experience in assisting with regulatory examinations
- In-depth knowledge of statistical modeling techniques and risk management principles

#HealthcareServices #ModelRiskManagement #RemoteWork #CareerGrowth #DiversityAndInclusion

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