Bank Model Risk Analyst in New York Contract $125/hr

Must Live Near New York Position is Hybrid 3-6 Month Contract

The Bank Model Risk Analyst will apply financial models to manage and balance a financial institution's assets and liabilities, mitigating risks like interest rate and liquidity risks and ensuring capital adequacy.

Model Risk Management:

• They participate in the entire lifecycle of models, from development and implementation to validation and ongoing monitoring.

• Risk Identification and Mitigation:

• They proactively identify potential risks associated with models and develop strategies to mitigate those risks.

• Model Validation:

• They rigorously assess the accuracy, reliability, and suitability of models for their intended use.

• Compliance:

• They ensure that the bank's model risk management program complies with relevant regulations and internal policies.

• Reporting:

• They prepare reports for senior management and the board of directors on the bank's model risk profile.

• Collaboration:

• They work closely with model owners, developers, and other stakeholders to ensure effective model risk management.

Skills and Qualifications:

• Strong analytical and problem-solving skills:

• Strong ALM (Asset Liability Management) experience

• Knowledge of financial models and risk management principles:

• Familiarity with relevant regulations and standards:

• Good communication and interpersonal skills:

• Ability to explain complex technical information clearly:

• Experience with model validation and risk assessment:

• CECL (Current Expected Credit Losses) experience a plus;

• Quantitative background (e.g., mathematics, statistics, finance)