Officer, Model Risk Management

Wintrust Financial Corporation

Rosemont, IL, United States
Base: $85,000-$110,000; bonus/equity: eligible to ...
Hybrid
Model risk management policy and procedures
Sr 11-7/occ 2011-12 compliance
Quantitative and qualitative tests
Wintrust Financial Corporation is seeking an Officer for Model Risk Management to validate various bank-wide models related to risk assessment and governance. The position requires a Master’s degree and up to 3 years of relevant experience, offering a hybrid work schedule and a comprehensive benefits package

Job Summary

  • Perform independent and comprehensive validation of bank-wide statistical/econometric/mathematical/AI/Machine Learning and qualitative models.
  • Develop a model validation testing plan and perform quantitative and qualitative tests to assess models for conceptual soundness, implementation accuracy, data integrity, and performance accuracy.
  • Manage activities related to model governance and assist VP model risk management in creating reports for senior management, executive management, risk committees, and regulatory exams.

Matching Summary

Match Score: 85

Wintrust Financial Corporation is seeking an Officer for Model Risk Management to validate various bank-wide models related to risk assessment and governance. The position requires a Master’s degree and up to 3 years of relevant experience, offering a hybrid work schedule and a comprehensive benefits package.

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 Risk Management policy and procedures
  • SR 11-7/OCC 2011-12 compliance
  • Quantitative and qualitative tests
  • Model documentation review
  • Data Validation
  • Model Conceptual Soundness
  • Back-testing
  • Sensitivity Analysis
  • Benchmarking

Nice-to-have

  • Award-winning culture
  • Relationship-focused service
  • Inclusive environment
  • Promote from within culture
  • Hybrid Work Schedule

Key Requirements

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

Work Rights

Not specified

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