Senior Quantitative Model Risk Validator

Banner Bank; Los Angeles (CA); Remote; USD 117,249 - 154,493; Full time

Benefits offered by this job

Medical benefits

401(k) with match

Paid vacation and holidays

Tuition reimbursement

Job summary

Banner Bank is seeking a senior model risk professional to validate and monitor complex financial models, ensuring accuracy, governance, and alignment with bank expectations. You will prepare validation reports for senior leadership and collaborate with business units to support ongoing model performance.

The role requires a Master’s in a quantitative field and 6+ years of experience in model risk management or related disciplines, with competitive compensation and benefits.

Qualifications

• Master's degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline required.
• Equivalency acceptable in lieu of degree.
• 6+ years of bank credit experience in model risk management, model development, or quantitative finance required.

Responsibilities

• Perform full-scope validations and periodic reviews of financial and risk models to assess conceptual soundness, data integrity, performance, and governance.
• Design and implement model test plans, including reusable code and analytical tools to support future validations.
• Partner with business units to monitor ongoing model performance and ensure alignment with expectations.
• Collaborate with stakeholders to support adherence to model development and implementation standards.
• Contribute to model governance activities, including model inventory, risk rating, and tracking across the bank.
• Prepare clear, thorough validation reports and presentations for senior leadership.
• Maintain detailed documentation and track progress on model risk initiatives.
• Stay current on industry trends, regulatory expectations, and emerging practices in model risk management.

Skills

Advanced statistics

Back-testing

Sensitivity analysis

Stress testing

SQL

R

SAS

Excel

Education

Master's degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline

Tools

Excel

R

SAS

SQL

Job description

Banner Bank is seeking a senior model risk professional to validate and monitor complex financial models, ensuring accuracy, governance, and alignment with bank expectations. You will prepare validation reports for senior leadership and collaborate with business units to support ongoing model performance.

The role requires a Master’s in a quantitative field and 6+ years of experience in model risk management or related disciplines, with competitive compensation and benefits.