Model Risk Analyst - Little Rock, United States - Bank OZK

Description

Job Purpose and Scope:

The Model Risk Analyst role contributes to the overall quality of risk management across the Bank by collaborating with Corporate Risk Management directors, senior leaders, business unit managers, and model owners for the purpose of ensuring model development, model implementation, and model monitoring, conforming to the standards set forth by both the Bank's Model Risk Management Framework and the provided regulatory guidelines.

Assesses the Bank's models for conceptual soundness, application and use, controls and implementation, as well as assurance on the continued performance of the model as it is deployed into production.

Essential Job Functions:
Assists with in-depth analytical reviews of the Bank's models, challenging the theoretical and control soundness of the models.

Supports the maintenance of bank-wide inventory of all quantitative models and qualitative computational tools within The Bank's Model Inventory system.

Provides guidelines to model owners for effective model development or acquisition, adequate documentation, input data quality, testing, outcomes analysis and model performance monitoring.

Informs the Model Risk management of any delays in model implementation arising from documentation, validation, control, or other situations.
Observes scheduling requirements necessary to execute model validations throughout the year.
Specifies appropriate remedial action plans for models with identified deficiencies.

Maintains compliance with applicable rules, regulations, and expectations set by regulators for model risk management including as The Bank grows and becomes more complex (e.g., SR 11-7, SR 12-7, SR 15-18/19).

Communicates and escalates matters of significant model risk to senior leaders and business unit managers.

Assists the Model Risk management in the development of model risk education and delivery of education to senior leaders, business unit managers, and model owners.

Regularly exercises discretion and judgment in the performance of essential job functions.
Maintains good punctuality and attendance to work.
Follows Bank policy, procedures, and guidelines.
Performs other duties as may be required.

Knowledge, Skills & Abilities:
Knowledge of model building and/or validation (using SAS, R, Python, Matlab, etc.).
Knowledge of the financial services industry.
Ability to prepare written deliverables and presentations for board and management committees, senior leaders, and business unit managers.
Ability to demonstrate effective interpersonal, communication, and analytical skills.
Ability to demonstrate creativity, critical thinking, initiative, and problem-solving skills.
Ability to partner effectively with multiple business groups, corporate areas, auditors, and regulators.
Ability to operate and work collaboratively in a fast-paced, unpredictable environment, with tight deadlines.
Ability to manage multiple work streams and deliverables, and coordinate across functional initiatives.
Ability to travel as needed for business purposes.
Skill in using computer and Microsoft Office, including Word, Excel, PowerPoint, and Outlook.

Equipment Used in Job Performance/Working Environment:
Computer
Multi-function device
Telephone


Major Job Demands:
Decision-making
Problem-solving

Note:
This description is not an exhaustive list of all job functions, duties, skills and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.

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