Officer, Model Risk Management

Libertyville Bank And Trust

Rosemont, IL, United States
Base: $85,000-$110,000; bonus/equity: eligible to ...
Hybrid
Model validation testing plan
Quantitative and qualitative tests
Model documentation review
Libertyville Bank And Trust is seeking an Officer for Model Risk Management to validate and govern various bank-wide models, including those related to credit risk and compliance. The ideal candidate will have a master's degree and up to three years of experience in model validation, and will enjoy a hybrid work environment and competitive benefits

Job Summary

  • The Officer, Model Risk Management will conduct various activities related to enterprise model risk validation and model governance.
  • Perform independent and comprehensive validation of bank-wide statistical/econometric/mathematical/AI/Machine Learning and qualitative (expert judgment) models in compliance with SR 11-7/OCC 2011-12 and Model Risk Management (MRM) policy and procedures.
  • The estimated salary range for this role is $85,000-$110,000, along with eligibility to earn an annual bonus.

Matching Summary

Match Score: 85

Libertyville Bank And Trust is seeking an Officer for Model Risk Management to validate and govern various bank-wide models, including those related to credit risk and compliance. The ideal candidate will have a master's degree and up to three years of experience in model validation, and will enjoy a hybrid work environment and competitive benefits.

Salary

Base: $85,000-$110,000; Bonus/Equity: eligible to earn an annual bonus; Benefits: Medical Insurance, Dental, Vision, Life insurance, 401(k) with company match, tuition reimbursement, and more

Skills & Requirements

Must-have

  • Model validation testing plan
  • Quantitative and qualitative tests
  • Model documentation review
  • Data validation program
  • Model governance activities

Nice-to-have

  • Award-winning culture
  • Hybrid work schedule
  • Promote from within culture
  • Inclusive environment

Key Requirements

  • 0-3 Years of experience with models
  • Master’s degree or equivalent

Work Rights

Not specified

Tailored Resume

Cover Letter