Model Risk Management Associate Director

Western Alliance Bancorporation
dental insurance, tuition assistance, 401(k)
United States, Arizona, Phoenix
May 30, 2025
Job Title: Model Risk Management Associate Director Location: CityScape What you'll do: As a Model Risk Management Associate Director you'll enhance policies and procedures and maintain model, simple analytical approach (SAA), and critical spreadsheet inventories. You'll oversee issue management and produce quarterly reports and assist with validation activities, as needed. You'll ensure the integrity and efficacy of quantitative models, oversee model risk, and collaborate with stakeholders to manage and mitigate risks. You'll verify that models are performing as expected and identify potential limitations including assessing potential impact. Liaise between the Model Risk Management Group and model developers/owners, other risk management functions, and Internal Audit. Conduct enterprise-wide training on identification, assessment, mitigation, and monitoring of the models and critical spreadsheet risk. Conduct validation activities (including annual reviews), as needed and produce quarterly reports on the state of model and critical spreadsheet risk, including key risk indicators. Safeguard the bank against regulatory, financial, and reputational risks linked to model risks. Lead and develop a team; responsible for hiring, coaching, performance management, training and development. What you'll need: 10+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field. Masters or MBA in related field required; PhD in related field preferred. Previous leadership experience preferred. Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services. Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Advanced experience in analytics or quantitative modeling research with a leading financial services organization, consulting firm, or analytic solutions provider. Advanced experience in technical model development and implementation, model validation, and/or model oversight in one or more of the following areas: credit risk, operational risk, asset & liability management, PD/LGD/EAD estimation, PPNR and capital stress testing. Advanced speaking and writing communication skills. Occasional travel required. Benefits you'll love: We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. Western Alliance Bancorporation