Model Risk Analyst II

FHLBank Indianapolis is seeking a Model Risk Analyst II to assess the Bank’s model risk through model validations, risk reviews, and ongoing analysis. The Analyst will work under the Director of Model Risk Management and Validation to validate financial models throughout the Bank and interact with model owners and users to understand current model performance and emerging risks.

Requirements

• Participate in model validations for various types of financial models
• Perform quantitative analyses and tests, assess model theory, backtesting, benchmarking, stress testing, and assess the effectiveness and sufficiency of model controls and documentation
• Participate in writing validation reports or memos detailing the validation approach, analyses conducted, and conclusion of the validation
• Present findings and recommendations to model owners/users
• Participate in the development of benchmarking models and data analytical tools
• Provide independent opinions on various modeling and model validation issues
• Recommend required action plans to model owners/developers
• Assist in third-party model validation
• Participate in remediation of audit and regulatory findings
• Participate in annual and ad-hoc model reviews and quarterly model performance reviews
• Assist in other model risk management activities
• Conduct research and analysis to maintain knowledge of modeling best practices, model validation techniques, and current financial market information
• Understand and interpret current regulatory guidance and apply regulations in assessing Bank models

Benefits

• Flexible hybrid workforce model
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match: up to 6% PLUS an additional 4% contribution
• Tuition reimbursement assistance
• Student loan repayment assistance
• Awesome Benefits Package: Medical, dental, vision benefits and even pet insurance
• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program