Model Risk Management Analyst/Sr. Analyst

WebBank

WebBank (the “Bank”) is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies.  The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner (SP) platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners and Security Premium Finance, a wholly owned subsidiary of National Partners.

Job Summary

As a Model Risk Management (MRM) Analyst/Sr. Analyst, you will be instrumental in supporting the Model Risk Management function within the Risk & Analytics team at the Bank. This position will report to the Manager/Sr. Manager Risk & Analytics and provide assistance with the continuous development of sound model risk management practices in compliance with regulatory guidance on model risk management (e.g., SR 11-7) and the Bank’s policies and procedures.

Primary Responsibilities

 You Will:

• Evaluate traditional and advanced machine learning model methodologies, addressing technical issues related to econometric and statistical methods, and reviewing documentation, validation reports, performance outputs, and processes to facilitate the model review and approval process for all SP models
• Develop and track model monitoring reports and inventories quarterly, coordinating calls with partners to ensure timely report delivery, managing follow-up actions, and performing internal risk assessments, gap analyses, and trend identification
• Ability to develop internal statistical models for CECL, roll rate-based models for loss curves, and other required models as specified by business teams to meet organizational needs
• Maintain an up-to-date inventory of all SP models approved by the Bank, ensuring the comprehensive capture of all models within the approved universe
• Provide support for ongoing examiner and auditor requests pertaining to MRM, ensuring compliance and transparency
• Continuously monitor and remain informed on the latest regulatory developments and guidance pertaining to MRM governance for financial institutions, ensuring compliance with relevant standards and requirements
• Possess a comprehensive understanding of generative AI technologies and tools, and collaborate with partners to ensure alignment with the Bank’s GenAI guidelines and requirements

Qualifications

You Have:

• Bachelor’s or Master’s degree, or equivalent career training certifications, in Data Science, Business Analytics, Computer Science, Statistics, Economics, Mathematics, Physics, Financial Engineering or Operations Research
• At least 2 years of experience in quantitative analysis relevant to model risk management to include statistical analysis, modeling, and other quantitative disciplines
• Working knowledge of machine learning techniques (e.g., XgBoost, GBM, Random Forest, etc.) and programming languages (SQL, Python)
• Knowledge and understanding of regulatory expectations for model risk management, including SR 11-7 and other related regulations is preferred

• Data-driven mindset, proactive engagement, and the ability to work under pressure
• Outstanding initiative, communication skills (verbal and written), attention to detail and organizational skills
• Ability to work effectively across multiple teams and external partners

Company Perks:

You Get:

• Flexible work options – Flexible work-from-home opportunities and other hybrid workplace options are available
• Paid Time Off (PTO) - Generous paid time off plus paid parental leave
• Health insurance – Plans include an employer paid medical option, dental and vision coverage, plus we offer health savings accounts
• 401(k) – WebBank matches up to the first 6 percent of employee contributions and both the employee’s contributions and WebBank’s match are fully vested immediately
• Life and Disability Insurance – Life insurance and long and short-term disability insurance plans are 100% employer paid
• Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year