Quantitative Model Risk Officer (remote - CA, OR, WA, ID)

Quantitative Model Risk Officer Opportunity Overview

Assist in the administration, implementation, and ongoing enhancement of the Model Risk Management Program. The Quantitative Model Risk Officer will function as a crucial member of the Model Risk Management team to support a comprehensive assessment of model risk throughout the institution, with an emphasis on model validation activities. The position requires regular consultation with management and frequent interaction with business units and internal audit to ensure fulfillment of Banner's commitment to prudent model risk management and compliance with safety and soundness and other regulations.

As a Quantitative Model Risk Officer with Banner Bank you will have the opportunity to:

• Perform full-scope validations and periodic reviews of a variety of models in use at the Bank, including an evaluation of conceptual soundness, data, processing components, model outputs and reporting, governance, and documentation. Prepare clear reports detailing the methodology and results of the validation analyses.
• Design and implement customized model test plans to facilitate future validation efforts, including the creation of reusable code and spreadsheets.
• Partner with business units to monitor ongoing model performance and work with key stakeholders to ensure that model development and implementation standards are followed.
• Assist with general model governance activities, including participating in consistent efforts to identify, risk rate, and track new and existing models used throughout the Bank.
• Prepare and provide reports and presentations relative to model risk management to leadership as requested.
• Responsible for ensuring adequate documentation is maintained in all phases of work; routinely track and report on initiatives, actions and results.
• Responsible for recommending and reviewing policies, guidelines, and procedures with respect to model risk management.
• Maintain current industry knowledge of trends in banking, particularly with respect to model risk management. Participate in continuing education to maintain and/or enhance job performance.

QUALIFICATIONS

Education & Certifications

• Master's Degree: in Business, Accounting, Finance or other related field required

Experience

• 6 or more years of bank credit experience in an area such as model risk management, model development or quantitative finance required

Knowledge, Skills and Abilities

• Advanced statistical modeling and data management skills along with broad knowledge of quantitative finance and econometrics.
• Experience developing and/or validating a wide variety of models, preferably including models related to CECL, stress testing (CCAR or DFAST), capital planning.
• Possess strong research, organizational, time management and analytical skills with an advanced understanding of model risk governance. Demonstrated ability to take initiative and produce accurate work independently as well as part of a team.
• Proficient in MS Office programs including Excel, Word PowerPoint, and SharePoint. Experience programming with statistical software (preferably R, but Python, SAS, Stata, etc. are also acceptable) and VBA is also desired.
• Proven written and oral communication skills, with demonstrated ability to clearly document complex and/or technical concepts for a non-quantitative audience, and the ability to deliver professional and responsive internal customer service.
• Knowledge of banking operations, as well as federal and state laws and regulations relating to model risk management programs. Ability to acquire and demonstrate intermediate to advanced knowledge of policies, procedures and regulatory requirements pertaining to risk management.

Travel

• 10%

Compensation & Benefits

• Targeted starting annual salary range (based on location and experience): $112,000 - $154,000

• Annual incentive potential
• Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life
• Paid vacation time, sick time and 11 company paid holidays
• 401k (with up to 4% match)
• Tuition reimbursement up to $5,250 annually
• Get more information at:
  

About Banner Bank

More than 130 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past five years.

With more than $16 billion in assets and over 150 locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.

Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.

NOTICE TO RECRUITMENT AGENCIES:

Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings on this site. Resumes submitted to any Banner Bank employee by a third party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.