Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction company that employs local people, our goal is to help businesses succeed and our communities thrive.
With offices in Arizona, California, Florida, Kansas, Missouri, New Mexico, Nevada and Texas, we’re strong, growing and committed to supporting the communities we serve. We extend this commitment to the community to our associates, offering annual paid volunteer time off and charitable-matching opportunities. Voted a Best Bank to Work For by American Banker for multiple years, we offer our associates an array of benefits and the opportunity to chart their own career path with us. Join us in the pursuit of our mission to guide people to a lifetime of financial success, and enjoy a career filled with professional growth opportunities, interesting colleagues and the satisfaction of supporting our communities.
Together, there’s no stopping you!
Summary
The Senior Model Risk Analyst position at the Enterprise Bank & Trust is responsible for helping ensure compliance with the Bank’s Model Risk Management policies and procedures as well as required regulatory requirements to help mitigate and monitor risk associated with the use of models at the Bank. This includes model risk management program development, independent model validations, and risk governance.
Essential Duties & Responsibilities
Independently perform model validation spanning multiple model domains to assess fit for purpose, conceptual soundness, mathematical theory, data/assumptions, ongoing monitoring, and output reasonableness.
Evaluate compensating controls and validation finding remediation activities to ensure adequate risk mitigations are implemented in a timely manner.
Maintain and update the Bank’s model and tool inventory, and engage with the Lines of Business to ensure accuracy and completeness.
Coordinate with model developers and BU/model owners to review and analyze model risk assessments.
Review model ongoing monitoring results and provide conclusions on the effectiveness and accuracy of the model.
Review other model controls such as issue management, model performance tracking, change controls, and model documentation.
Document all work products in a thorough and concise manner with minimal review edits needed.
Perform other duties as assigned
Qualifications
Basic computer programming skills (R, Python, SQL, etc.).
Familiar with model risk management regulatory guidance (SR 11-7).
Excellent communication (verbal and written), organizational and interpersonal skills.
Self-motivated and the ability to work with minimal supervision.
High attention to detail.
Self-starter and the ability to work and learn independently
Supervisory Responsibilities
None
Education and/or Experience
Bachelor’s Degree in Finance, Economics, Mathematics, Statistics, or other quantitative fields.
2+ years of experience in model validation, model development, or similar risk analytics areas.
Master’s degree or Ph.D. in finance, economics, mathematics, or statistics preferred.
2 or more years’ experience of model risk management in middle-size banks preferred
Advanced knowledge in statistical analysis and use of statistical modeling software (R, SAS, or similar statistical package) preferred
A strong grasp of one or more financial modeling disciplines such as credit score modeling, asset-liability management, stress testing, fraud detection, capital planning models, loan loss reserve (CECL) modeling, etc.
Computer and Software Skills
Proficient in Microsoft Office
Proficient in SQL or related database tools
Proficient in statistical analysis and use of statistical modeling software (R, SAS, Python or similar statistical package
Familiarity with Verafin, ALM software, Abrigo, and FactSet is preferred.
Certifications, Licenses, and Registrations
None
Equal Opportunity Statement:
Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources at [email protected] .
Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live. We are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability. All employment offers are contingent upon the applicant successfully completing both drug and background check screenings. If you would like more information about your EEO rights as an applicant under the law, please click HERE .
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