Senior Quantitative Analyst, Model Risk & Validation

Wintrust Financial Corporation; Northern (KY); Hybrid; USD 90,000 - 110,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

401(k) plan

Job summary

Wintrust Financial Corporation in Rosemont, IL is seeking a Sr. Quantitative Analyst for the Model Risk Management team.

You will independently validate bank-wide models including CECL, stress testing, AML, sanctions, customer risk ratings, and valuation models. Responsibilities include designing validation approaches, performing back testing and sensitivity analyses, documenting findings, and collaborating with model developers and business partners to address issues and improve governance in a

Qualifications

• PhD or Master’s in mathematics, statistics, economics or a quantitative field.
• Experience validating bank-wide statistical/econometric/AI/ML models.
• Knowledge of SR 26-02/OCC 2026-13 and model risk management.

Responsibilities

• Independently validate bank-wide statistical/econometric/ mathematical/AI/Machine Learning and qualitative models per SR 26-02/OCC 2026-13 and MRM policy.
• Develop validation approaches and benchmark models appropriate to the model risk tier.
• Perform testing to assess conceptual soundness, data integrity, governance and performance.
• Prepare validation reports with findings and actionable recommendations for owners and management.
• Maintain status updates and collaborate with model developers and stakeholders to address issues.
• Use the MRM Validation tool to perform model validation activities and support governance.
• Suggest improvements to automate and streamline the end-to-end validation process.

Skills

Python

Data science

Machine learning

Model validation

Credit risk

Education

PhD or Master’s in Mathematics/Statistics/Economics

Tools

MRM Tool

Python

Job description

Wintrust Financial Corporation in Rosemont, IL is seeking a Sr. Quantitative Analyst for the Model Risk Management team.

You will independently validate bank-wide models including CECL, stress testing, AML, sanctions, customer risk ratings, and valuation models. Responsibilities include designing validation approaches, performing back testing and sensitivity analyses, documenting findings, and collaborating with model developers and business partners to address issues and improve governance in a