Join Enterprise Bank & Trust as a Senior Model Risk Management Analyst. At Enterprise Bank & Trust, we are deeply committed to fostering entrepreneurship and strengthening our communities. We help businesses succeed, from local coffee shops to large construction companies, and we offer our associates a range of benefits and career development opportunities. Recognized as a Best Bank to Work For by American Banker, we emphasize community support through paid volunteer time off and charitable matching. Here, your efforts will not only promote your professional growth but also enrich the lives of those in your community.
Role Overview: The Senior Model Risk Management Analyst plays a crucial role in ensuring compliance with our Model Risk Management policies while adhering to regulatory requirements. This position involves developing model risk management programs, conducting independent model validations, and overseeing risk governance processes.
Key Responsibilities: - Conduct comprehensive model validations across various domains to evaluate their suitability, soundness, underlying assumptions, ongoing performance, and reasonableness of outputs.
- Assess compensating controls and remediation actions to guarantee effective risk mitigation practices are applied promptly.
- Update and manage the Bank's model and tool inventory while ensuring accuracy by collaborating with relevant business lines.
- Coordinate closely with model developers and business unit/model owners to analyze model risk assessments.
- Analyze ongoing monitoring results of models and provide insights into their effectiveness and accuracy.
- Review critical model controls such as issue management, performance tracking, change controls, and documentation.
- Maintain meticulous documentation of all analytical processes with minimal need for revisions.
- Execute additional tasks as assigned to support the overall objectives of the department.
Qualifications: - Bachelor's Degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
- 2+ years of experience in model validation, development, or related risk analytics.
- A Master's degree or Ph.D. in a quantitative field is preferred.
- Experience in model risk management within medium-sized banks is advantageous.
- Proficient in programming languages such as R, Python, SQL, and familiar with statistical modeling software.
- A solid understanding of model risk management regulatory guidance (e.g., SR 11-7).
- Strong verbal and written communication skills, alongside exceptional organizational abilities.
- Self-motivated with excellent attention to detail and the ability to operate with minimal supervision.
Technical Skills: - Skilled in Microsoft Office, SQL, and statistical analysis software (R, SAS, Python).
- Familiarity with Verafin, ALM software, Abrigo, and FactSet is a plus.
Commitment to Diversity: At Enterprise Bank & Trust, we are proud to be an Equal Opportunity Employer. We encourage diverse candidates to apply and are committed to providing reasonable accommodations for those needing assistance during the application process. All employment offers are contingent upon successful completion of drug and background checks.