Model Risk Analyst

JOB SUMMARY

We are seeking a Model Risk Analyst to support the execution of our Model Risk Management program. You will play a key role in managing our model inventory, conducting model assessments, supporting validation activities, monitoring model performance, and helping coordinate our MRM governance processes.

This role is ideal for a quantitatively, minded professional with strong analytical and communication skills who wants to develop expertise in model risk management and advance their career in risk management.

KEY RESPONSIBILITIES

Model Inventory & Governance

Maintain the model inventory database; ensure accuracy and completeness

Support model identification and classification processes

Track model metadata (owner, validation status, risk rating, etc.)

Generate inventory reports and dashboards for management review

Model Assessment & Monitoring

Support model risk assessments and model performance monitoring

Analyze model outputs and performance metrics; identify trends or anomalies

Prepare summary reports on model performance for senior management

Assist with model remediation tracking and issue management

Validation Support

Coordinate with model developers and validators on validation activities

Organize validation deliverables and documentation

Conduct preliminary model reviews and assessments

Track validation timelines and resource allocation

Governance & Compliance

Monitor compliance with MRM policies across assigned business units

Prepare compliance reports and metrics

Assist with audit responses and regulatory documentation

Support Board reporting and executive briefings

Stakeholder Engagement & Support

Provide MRM guidance to model owners and business units

Answer questions about governance requirements and procedures

Assist with training delivery and documentation

Serve as a point of contact for MRM questions

Documentation & Process Improvement

Document MRM processes, procedures, and workflows

Identify process improvement opportunities

Maintain MRM procedure manuals and policy documentation

Support continuous improvement initiatives

Projects & Ad Hoc Work

Support special projects (technology implementations, program enhancements)

Assist with regulatory responses and exam preparation

Conduct research on model risk topics, best practices, and regulatory guidance

Support team leadership with administrative and analytical tasks

REQUIRED QUALIFICATIONS

Bachelor's degree in Mathematics, Statistics, Finance, Engineering, Computer Science, Economics, or related quantitative field

3–7 years of experience in financial services, risk management, audit, or quantitative analysis

Strong analytical skills and comfort with data analysis, spreadsheets, and quantitative thinking

Proficiency with Excel (pivot tables, VLOOKUP, formulas, data analysis)

Strong written and verbal communication skills, ability to explain technical concepts clearly

Attention to detail and ability to manage multiple tasks and deadlines

Understanding of banking and financial services (basic knowledge of credit risk, pricing, regulatory environment)

Familiarity with SQL or Python (or willingness to learn)

Team player mentality, collaborative approach to problem-solving

PREFERRED QUALIFICATIONS

Prior experience in model risk management, model validation, or quantitative risk roles

Experience with model risk or governance platforms (Wdesk, Alteryx, ServiceNow, etc.)

Knowledge of model validation methodologies and regulatory expectations

Experience presenting to senior management or in client-facing roles

Familiarity with databases or data warehouse concepts

Python or R programming experience

Financial industry certifications (FRM, CFA, etc.)

Master's degree in Finance, Statistics, or related field

Experience with reporting tools (Tableau, Power BI, etc.)

Prior consulting or audit experience

WORK ENVIRONMENT & EXPECTATIONS

Collaboration: Heavy cross-functional work with business units, IT, Finance, Compliance

Learning opportunity: Mentorship from senior MRM team members; opportunity to develop expertise in model risk

WHY JOIN US?

Emerging field, Model Risk Management is a rapidly growing, high-demand discipline

Career growth, Clear path to senior roles and leadership positions

Technical development, learn quantitative skills, data tools, and regulatory knowledge

Meaningful work directly impacts enterprise risk management

Team environment, Collaborative, supportive team with strong mentorship

Professional development, Training, conference attendance, certification support

Pay: $90,000.00 - $110,000.00 per year

Education:

Bachelor's (Preferred)

Experience:

Model Risk : 4 years (Preferred)

Financial Industry : 4 years (Preferred)

Model Building and Tuning : 3 years (Preferred)

Busines Analyst : 2 years (Preferred)

Ability to Commute:

New York, NY (Preferred)

Work Location: In person