Model Risk Analyst

GENERAL SUMMARY

The Model Risk Analyst (MRA) is primarily responsible for supporting best-practice risk management functions with a specific emphasis on model risk management activities consistent with the Bank's Model Governance Program. The position requires maintaining a data warehouse for all Cathay's models and user developed applications UDAs, ensuring business processes related to models and are followed; documenting and presenting observations to the Model Risk Manager, tracking remediation progress; and coordinating model validations projects, and preparing reporting dashboards. This is a unique opportunity for someone looking to pursue a career in risk management or looking for a quantitative role in banking.

ESSENTIAL FUNCTIONS

• Maintain a data warehouse with centralized inventory of all models and User Defined Applications (UDAs) with corresponding model documents
• Ensure all model and UDAs metadata and lifecycle is current and complete
• Support the execution of the model control framework including model identification and risk assessment, maintaining all templates
• Collaborate with model owners to ensure submission of quarterly model attestations.
• Log all findings identified in model validations and collaborate with stakeholders to ensure their timely remediation
• Coordinate model validation projects between model owners and external validators
• Track model performance KRIs and prepare appropriate dashboard and risk reporting

QUALIFICATIONS

• Education: Bachelor's degree in Business, Economics, Finance, Accounting, or related field required.
• Experience:
  
  
  
  • Prefer 2 years' experience in Finance, Risk, Accounting
  • Experience maintaining large data sets and Risk Reporting
  • Experience in GRC and data warehouse (ModelEdge, Archer, Service Now, etc.), or SharePoint a plus
  
  
  
  
• Skills/Ability: Strong data manipulation and management skills (Excel, SQL). General knowledge of banking products. Strong analytical and reasoning skills. Good verbal and written communication skills

OTHER DETAILS

$40.87 - $49.52 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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