What are the responsibilities and job description for the Risk Modeler position at Western Alliance Bank?
Job Title
Risk Modeler
Location:
CityScape
What You'll Do
Western Alliance Bank (WAL) is seeking a Risk Modeler to contribute to the development of models to support Large Financial Institution (LFI) Readiness. The Risk Modeler will work within the Enterprise Modeling Team (EMT) to help develop, test, and monitor balance sheet and pricing forecasting models. In addition, the Risk Modeler will have opportunities to develop models and analytics for key stakeholders including Financial Planning & Analysis (FP&A) and Treasury. The Risk Modeler will collaborate closely with other Risk Modelers and report directly to the Risk Modeling Manager. The Risk Modeler also will have opportunities to present research to senior leadership.
The Risk Modeler will have expertise in cleaning and manipulating data; analyzing large complex datasets; and building statistical models using programming languages such as Python and R. The Risk Modeler will have an excellent understanding of economics and finance. In addition, industry experience in predictive model development is preferred, but not required.
In this role, you will play an important role in support the Bank’s growth.
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About The Company
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation
Risk Modeler
Location:
CityScape
What You'll Do
Western Alliance Bank (WAL) is seeking a Risk Modeler to contribute to the development of models to support Large Financial Institution (LFI) Readiness. The Risk Modeler will work within the Enterprise Modeling Team (EMT) to help develop, test, and monitor balance sheet and pricing forecasting models. In addition, the Risk Modeler will have opportunities to develop models and analytics for key stakeholders including Financial Planning & Analysis (FP&A) and Treasury. The Risk Modeler will collaborate closely with other Risk Modelers and report directly to the Risk Modeling Manager. The Risk Modeler also will have opportunities to present research to senior leadership.
The Risk Modeler will have expertise in cleaning and manipulating data; analyzing large complex datasets; and building statistical models using programming languages such as Python and R. The Risk Modeler will have an excellent understanding of economics and finance. In addition, industry experience in predictive model development is preferred, but not required.
In this role, you will play an important role in support the Bank’s growth.
- Contributes to new model development to support LFI readiness as well as models for key stakeholders including FP&A and Treasury.
- Collaborates closely with other Risk Modelers and the Risk Modeling Manager to enhance and test the performance of existing models.
- Helps to collect, organize, and clean raw data that will be used to develop or enhance models.
- Writes high-quality documentation that clearly describes model objectives, development, performance testing, limitations, and appropriate use.
- Assists with model validation and analytical requests from the Model Risk Management Group (MRMG).
- Keeps abreast of research and the economic environment to identify how current events may impact model outcomes and the bank's stress scenarios.
- Continues to learn about modeling techniques, the banking business, and our customers.
- PhD degree in one of the following: Economics, Statistics, Finance, or Applied Mathematics; Or a master’s degree in the above fields with 3 years of experience.
- Excellent quantitative modeling, analytical, research, and programming skills.
- Expertise in the following: Excel, Word, PowerPoint, and either Python or R. Experience with SQL is preferred but not required.
- Experience with planning and executing empirical research projects.
- Strong communication skills, both verbal and written.
- Experience in the banking industry, particularly in risk modeling, is a bonus, but not required.
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About The Company
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation
