Model Risk Management Associate Director - Governance

Western Alliance Bancorporation
dental insurance, tuition assistance, 401(k)
United States, Arizona, Phoenix
Jan 22, 2025
Job Title: Model Risk Management Associate Director - Governance Location: CityScape What you'll do: Western Alliance Bank (WAL) is seeking a Model Risk Management Associate Director. The successful candidate will report directly into the Model Risk Management Senior Director and will oversee the group's Model Governance function. The Model Risk Management Associate Director is responsible for: enhancing policies and procedures; maintaining model, simple analytical approach (SAA), and critical spreadsheet inventories; overseeing issue management; producing quarterly reporting; and assisting with validation activities, as needed. Candidates should have a graduate degree in a quantitative field and 10+ years of experience in model development, model risk management, or model risk audit roles within the financial services industry. Strong communication skills are a must. The Model Risk Management Associate Director will lead a team of 2-5 model risk management professionals. Enhances policies and procedures related to model, SAA, and critical spreadsheet risk management Maintains model, SAA, and critical spreadsheet inventories Oversees issue management for the model risk management programs; oversees testing of critical spreadsheet controls Produces quarterly reporting on the state of model and critical spreadsheet risk, including key risk indicators Serves as a liaison between the Model Risk Management Group and model developers/owners, other risk management functions, and Internal Audit. Conducts enterprise-wide training on identifying, assessing, mitigating, and monitoring model and critical spreadsheet risk Keeps abreast of regulatory developments and industry trends pertaining to model and critical spreadsheet risk Helps conduct validation activities (including annual reviews), as needed Manages a team of 2-5 model risk management professionals What you'll need: Graduate degree in a quantitative field (e.g., statistics, economics, mathematics, computer/data science, accounting, finance) and 10+ years of experience in the financial services industry Strong communication skills, both verbal and written Good project management skills, with the ability to work on multiple projects and on tight deadlines In-depth knowledge of Federal Reserve SR Letter 11-7 Ability to lead and develop less experienced professionals Knowledge of Microsoft Office; expertise in programming a statistical language is a plus Benefits you'll love: 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