Bell Bank · 21 hours ago
Model Risk Management Analyst
Bloomington, MN
Full-time
Onsite
Entry, Mid Level
$66K/yr - $92K/yr
2+ years expBell Bank is the largest family-and employee-owned bank in the upper Midwest, and they are seeking a Model Risk Management Analyst to execute model validation and ongoing monitoring activities across the bank's model inventory. This role involves performing end-to-end review work, including testing, documentation, and risk assessment, ensuring models remain compliant and well-documented.
BankingFinanceFinancial Services
Responsibilities
Ensure key details (assumptions, inputs, purpose, limitations) are clearly recorded in model documentation
Perform routine model monitoring by updating performance metrics, reviewing basic trends, and documenting breaches for review by the broader MRM team
Keep the model inventory up to date by ensuring assigned models have correct attributes (status, owner, risk tier, review dates)
Communicate with model owners to gather needed documentation or clarify how a model is used
Follow established model governance standards and procedures to help ensure models meet internal and regulatory expectations
Conduct basic testing such as comparing model results to benchmark values or reviewing historical performance trends
Identify and document any issues you notice related to data quality, assumptions, or results, and escalate to senior staff
Prepare clear and organized sections of validation reports that describe what was reviewed and what was found using existing report templates
Share findings with model owners and help answer follow-up questions within your area of work
Re-test corrected items or updated model components to confirm previously identified issues have been resolved
Know by name and face as many customers and employees as possible, calling them by name as often as possible
Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards
Know, understand, and live the company values and bottom line
Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations
All employees are responsible for information security, including compliance with policies and standards which protect sensitive information
Prompt and reliable attendance
Perform other duties as assigned
Qualification
Required
Bachelor's degree in business analytics, finance, economics, statistics, or other similar field; or equivalent experience required
2 – 4 years of experience in risk management, compliance, data analytics, risk analytics, or related roles
Analytical and quantitative skills with the ability to evaluate complex models, data flows, and methodologies
Ability to interpret and apply regulatory requirements related to model risk
Written and verbal communication skills, including the ability to translate technical concepts for non‑technical audiences
High attention to detail, organizational skills, and the ability to manage multiple tasks and deadlines
Comfortable managing multiple tasks and deadlines independently
Preferred
Experience with banking products, credit processes, liquidity management, stress testing, forecasting models, and/or capital planning frameworks
Experience with statistical and data analysis tools
Benefits
Healthcare
(medical, dental, vision)
Employee stock ownership program
401(k) contribution and profit-sharing plan
Company
Bell Bank
People matter at Bell Bank – and it shows in how our team members treat each other, our customers and those around us.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Brooke Borrell
SVP/Marketing, Communications & Partnerships
Zac Wanzek, CFA, CPA
SVP | Deputy Chief Investment Officer
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