Senior Model Risk Manager

Western Alliance Bank; Phoenix (AZ); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Competitive salary

401k matching program

Medical and dental insurance

Tuition assistance program

Employee volunteer program

Job summary

Western Alliance Bank seeks a Senior Model Risk Manager to provide governance, oversight, and controls in line with model risk governance and reporting responsibilities. You will develop and maintain a robust framework, oversee validation activities, and communicate risk information to senior management and regulators.

You will lead a team, hire and coach staff, and ensure adherence to regulatory and industry standards.

Qualifications

• 8+ years of related experience in finance or similar field.
• Masters or MBA in related field required; PhD preferred.
• Leadership experience preferred.
• Advanced knowledge of banking operations and regulatory obligations.
• Expert knowledge of credit risk modeling and stress testing.

Responsibilities

• Provide governance, oversight, and controls for model risk governance and reporting responsibilities.
• Develop, implement, and maintain a robust model risk management framework.
• Oversee model validation activities and assess model accuracy and suitability for use.
• Establish and communicate model risk information to stakeholders and regulators.
• Lead a team, including hiring, coaching, and development.

Skills

Model Risk Mgmt

Leadership

Governance

Regulatory reporting

Stakeholder comms

Education

Master's/MBA

PhD preferred

Job description

What you'll do:

• As a Senior Model Risk Manager you'll provide effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities.
• You'll develop, implement, and maintain a robust model risk management framework, ensuring it aligns with industry best practices and regulatory requirements.
• You'll oversee and conduct model validation activities, including assessing model accuracy, stability, and suitability for intended use.
• You'll establish and maintain model governance policies and procedures as well as communicate model risk information to stakeholders, including senior management, business units, and regulators.
• Analyze model data, identify trends, and interpret results to inform risk management decisions.
• Work collaboratively with model developers, business users, and other stakeholders to ensure effective model risk management.
• Prepare model risk information reports and any other ad-hoc reports as required and develop risk management controls and procedures.
• Employ techniques and practices that will identify, measure and mitigate model risks.
• Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

What you'll need:

• 8+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field.
• Masters or MBA in related field required; PhD in related field preferred.
• Previous leadership experience preferred.
• Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Advanced to expert knowledge of formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve.
• Advanced to expert knowledge of stress testing concepts and related regulatory guidance (such as the Fed Letter SR11-7).
• Advanced speaking and writing communication skills.
• Occasional travel required.

Benefits you'll love:

• We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program.
• In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [e-mail] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

© Western Alliance Bancorporation