Senior Model Risk Analyst - Governance & Operations

Overview

This role is responsible for providing strategic direction, management, and execution of key functions supporting the model risk operation team. It involves overseeing day-to-day operations and model inventory management within the Model Risk Management (MRM) department. The position ensures efficient execution of the MRM program through managing complex workflows, project initiatives, model metadata, and reporting. It serves as a senior subject matter expert supporting the design, improvement, and operationalization of MRM processes.

Responsibilities

• Serve as Subject Matter Expert (SME) for primary functions within model operations and controls.
• Perform complex analyses and judgment-based work across disciplines to support business decisions.
• Conduct detailed data reviews, research, and reconciliations related to operational processes; interpret results and present findings to influence strategic and tactical decisions.
• Maintain expert understanding of business functions, processes, and operations.
• Lead enterprise-wide model inventory and attestation processes to ensure comprehensive and accurate model inventory.
• Develop and oversee implementation of procedures or controls related to compliance within model risk operational processes.
• Define and participate in achieving short- and long-term business objectives.
• Manage reporting for operational activities, analyze variances, trends, and exceptions; report findings to leadership and recommend efficiency and cost improvements.
• Lead support for departmental audits including compliance testing.
• Manage planning, testing, and implementation of new projects, initiatives, policies, and regulatory changes impacting department operations.
• Collaborate closely with Model Validation and Model Governance teams to ensure effective implementation and operationalization of the model risk management program.
• Provide coaching, direction, and leadership to team members to achieve business results.
• Adhere to risk and regulatory standards, policies, and controls; design and maintain internal controls to mitigate risk.
• Identify and escalate risk-related issues as needed.
• Exercise managerial authority over staffing, performance appraisals, promotions, salary recommendations, performance management, and terminations.
• Maintain compliance with operational risk controls and regulatory standards.
• Support an inclusive work environment.
• Ensure timely implementation of internal and external audit points and address issues raised by regulators.
• Perform other related duties as assigned.

Scope

This position requires planning, organizing, and supervising staff work to produce results. It demands championing change and innovative solutions with significant discretion and latitude. The role carries high organizational risk and requires building and maintaining relationships with internal and external stakeholders to maximize shareholder value.

Supervisory Responsibilities

• May provide guidance to other analysts on the team.

Education and Experience Required

• Bachelor’s degree and a minimum of 7 years of relevant work experience, or a combined minimum of 15 years of higher education and relevant work experience in lieu of a degree.
• Proficiency with personal computers including word processing, spreadsheets, presentations, and industry-specific software.
• Strong analytical skills.
• Excellent verbal and written communication skills.
• Strong interpersonal skills for business partner relationships within and outside the organization.
• Detail-oriented and self-motivated.

Preferred Qualifications

• Master’s degree in Business Administration (MBA).
• Knowledge of bank systems such as governance, risk, and compliance (GRC) platforms, and business intelligence tools like Tableau and PowerBI.
• Programming skills including Python and SQL for automation of reports and tasks.
• Familiarity with regulatory guidance such as SR 11-7, SR 15-18, and SOX.

Compensation and Benefits

• The pay range for this position is $103,000.00 - $171,600.00 annually (USD).
• Actual compensation will be based on the candidate’s combination of knowledge, skills, and experience.
• The listed range corresponds to the national pay range for this role; specific pay may vary by location.

Location

Clanton, Alabama, United States of America