Risk Analyst

Mars Technominds is seeking Model Risk Analyst for a 6+ Month Contract position with a client located in Lake Mary, FL/ Pittsburgh, PA Hybrid,.

Job Description

This position will oversee and manage the Compliance Engineering’s Model Risk Management (MRM) model documents

Assist model developers, owners, users, Senior Management, and other stakeholders to implement and comply with the MRM policy and procedures, including those related to the development, implementation, use, validation, monitoring, and maintenance of models used throughout the bank

Help With And Timely Annual Reviews And Ongoing Monitoring

Maintain the model inventory, including the model risk classification, development, testing, analysis, validation, use, performance monitoring, and issue and change management artifacts

Ensure accuracy, completeness, and timeliness of information in the model risk management system of record

Review and approve model risk classifications, model documentation, model use and restrictions, model annual review reports, performance monitoring indicators, model issues and action plans

Manage the annual certification process to ensure the model inventory is complete and accurate

Participate in the Model Risk Management meeting and ensure model risk expectations are met

Assist with the reporting and communicating the status of the Model Risk Management program to the Enterprise Risk Management Committee (ERMC) including model issues and action plans, significant or emerging model risks or concerns, and the overall level and direction of individual and aggregate model risk

Stay up to date on regulatory expectations and standard industry practices related to model risk management

Actively support the Enterprise Risk Management function of risk oversight and business partner collaboration in other projects as neede