Officer, Model Risk Management

Elmhurst Bank & Trust Co

Rosemont, IL, United States
Base: $85,000-$110,000; bonus/equity: eligible for...
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Model validation
Sr 11-7/occ 2011-12 compliance
Quantitative and qualitative testing
** The Officer, Model Risk Management position at Elmhurst Bank & Trust Co. involves validating and managing model risk across various financial models. The role is designed for candidates with a Master’s degree and 0-3 years of relevant experience, offering a hybrid work schedule and a comprehensive benefits package. **

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: 75

** The Officer, Model Risk Management position at Elmhurst Bank & Trust Co. involves validating and managing model risk across various financial models. The role is designed for candidates with a Master’s degree and 0-3 years of relevant experience, offering a hybrid work schedule and a comprehensive benefits package. **

Salary

Base: $85,000-$110,000; Bonus/Equity: Eligible for annual bonus; Benefits: Comprehensive benefit package

Skills & Requirements

Must-have

  • Model validation
  • SR 11-7/OCC 2011-12 compliance
  • Quantitative and qualitative testing
  • Model documentation review
  • Data validation

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

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