Senior Model & Technology Risk Expert

OceanFirst Financial Corp.; Red Bank, Northern (NJ, KY); Hybrid; USD 110,000 - 140,000; Full time

Benefits offered by this job

On-site fitness facility

Tuition assistance

Incentive compensation program

Professional development opportunities

Job summary

OceanFirst Bank seeks a Senior Model and Technology Risk Analyst to support the assessment and oversight of Model Risk and IT Risk within our risk management program. You will analyze processes, identify risks, and collaborate across the three lines of defense to ensure regulatory compliance.

The role requires conducting RCSAs, monitoring controls, maintaining the model inventory in the GRC tool, reviewing model validations and backtesting, and providing reporting to management and the Board.

Qualifications

• Bachelor's degree in a quantitative field is required.
• Minimum 5 years of experience in banking or financial services with direct experience in operational and model risk management.

Responsibilities

• Conduct RCSAs identifying technology processes, risks, and controls.
• Monitor and test model, technology, and operational controls.
• Support GRC tool training for model validations and risk tracking.
• Maintain model inventory and perform quantitative/qualitative risk analyses.
• Review model validation reports for soundness and data quality.
• Update risk reporting for business units and the Board.

Skills

Model risk management

Operational risk management

Analytical thinking

Communication skills

Independent work

Regulatory knowledge

Education

Bachelor's degree in a quantitative field

Tools

MS Office

Visio

GRC tools

Data governance tools

Job description

OceanFirst Bank seeks a Senior Model and Technology Risk Analyst to support the assessment and oversight of Model Risk and IT Risk within our risk management program. You will analyze processes, identify risks, and collaborate across the three lines of defense to ensure regulatory compliance.

The role requires conducting RCSAs, monitoring controls, maintaining the model inventory in the GRC tool, reviewing model validations and backtesting, and providing reporting to management and the Board.