Quantitative Model Risk Officer (Remote WA, OR, ID & CA)

3 weeks, 2 days ago
Full-time
Senior
Data Science and Analytics
Banner Bank

Banner Bank

Banner Bank: Established community bank offering personal and commercial banking services in the Western U.S.

Banks
1K-5K
Founded 1890

Description

  • 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.

Requirements

  • Master’s degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline, or an equivalent combination of education and experience.
  • 6 or more years of bank credit experience in model risk management, model development, or quantitative finance.
  • Advanced statistical and quantitative techniques to assess model assumptions, design, and performance.
  • Hands-on experience with validation techniques such as back-testing, sensitivity analysis, stress testing, and benchmarking.
  • Understanding of model risk management frameworks, regulatory guidance, and lifecycle governance standards.
  • Ability to communicate complex technical concepts clearly to technical and non-technical audiences.
  • Proficiency in analytical tools such as Excel, R, SAS, and SQL.
  • Ability to identify model weaknesses and produce documentation that withstands regulatory and audit review.
  • Willingness to travel up to 10%.

Benefits

  • Targeted starting salary range of $117,249 to $154,493, based on experience.
  • Annual incentive potential.
  • Comprehensive medical, dental, vision, LTD, STD, and life insurance coverage.
  • Paid vacation time, sick time, and 11 company-paid holidays.
  • 401(k) plan with up to 4% match.
  • Tuition reimbursement.

Interested in this position?

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