Officer, Model Risk Management

Downers Grove Bank & Trust Co

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
Wintrust is seeking an Officer for Model Risk Management to validate and govern bank-wide models related to credit risk, compliance, and more. The position offers a hybrid work schedule and a competitive benefits package within a supportive and inclusive company culture

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

Wintrust is seeking an Officer for Model Risk Management to validate and govern bank-wide models related to credit risk, compliance, and more. The position offers a hybrid work schedule and a competitive benefits package within a supportive and inclusive company culture.

Salary

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

Skills & Requirements

Must-have

  • Model validation testing plan
  • Quantitative and qualitative tests
  • Model documentation review
  • Data Validation program
  • Model Conceptual Soundness testing
  • Back-testing and Sensitivity Analysis

Nice-to-have

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

Key Requirements

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

Work Rights

Not specified

Tailored Resume

Cover Letter