Apply on Employer Site

Commercial Bank of California · 3 months ago

Model Risk Analyst

California, CA, US

Full-time

Hybrid

Senior Level, Lead/Staff

$65K/yr - $80K/yr

10+ years exp

Commercial Bank of California is the largest Latino-owned bank in California and is committed to empowering entrepreneurs and community leaders. The Model Risk Analyst will execute key model governance activities and ensure compliance with model risk management processes while communicating complex issues effectively to stakeholders.

BankingFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Own the implementation and ongoing maintenance of tools supporting the Bank’s model risk management program

Develop and manage a centralized framework for model inventory, including associated documentation, performance metrics, and findings

Enable model owners to access and maintain up-to-date information on their models, including documentation and monitoring metrics

Produce executive and Board-level reports to support model risk oversight and decision-making

Lead the identification and monitoring of User Developed Applications (UDAs)

Support the execution of the model control framework, including model identification, risk rating, issue tracking, remediation, and ongoing monitoring

Design and manage the quarterly model attestation process, ensuring coordination with model owners and accuracy of inventory data

Oversee workflows related to model validation findings, including issuance, tracking, reporting, and remediation

Monitor and report on model Key Risk Indicators (KRIs), including dashboard creation and risk reporting

Manage relationships with third-party vendors conducting model validations on behalf of the Bank

Provide support for FDICIA testing activities, particularly in areas such as ITGC Controls, Risk Control Matrices, and Entity Level Controls

Perform additional duties as assigned to support the Bank’s internal control and compliance framework

Qualification

Model Risk ManagementData ManipulationRisk ReportingRegulatory FrameworksGRC ToolsAnalytical SkillsCommunication SkillsInterpersonal Skills

Required

Bachelor's degree in risk management, Business Administration, or a related field and 10+ years of experience in risk management, audit and banking

Must have strong underlying knowledge of regulatory frameworks within federally insured depository institutions

Prefer 2 years' experience in Finance, Risk, Accounting

Strong data manipulation and management skills (Excel, SQL)

General knowledge of banking products

Strong analytical and reasoning skills

Good verbal and written communication skills

Strong interpersonal, oral and written communication skills and the ability to partner with business owners as a risk and compliance subject matter expert for their business cases and / or other project related matters to Senior Management

Preferred

Advanced degrees (e.g. MBA) and/or job-related certifications are preferred but not required

Experience with Model Risk Management programs a plus

Experience with GRC tools is a plus

Benefits

Competitive employer contribution to medical, dental and vision coverage

401k plan with employer match

Flexible Spending Accounts (FSA) and Dependent Care Accounts

Employee Assistance Program (EAP)

Employer provided Calm subscription

Employer provided mental health benefits through Teladoc

Life, AD&D and disability insurance

Minimum 15 Days of Vacation, 11 Paid Federal Holidays, Paid Time off to Volunteer

Online discount program

Tuition Reimbursement Program

Company

Commercial Bank of California

Commercial Bank of California is a full-service bank that offers traditional deposit, online and lending services. It is a sub-organization of CBC Bank.

Founded in 2003

Irvine, California, USA

201-500 employees

https://www.cbcal.com

H1B Sponsorship

Commercial Bank of California has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2021 (1)