Sorry, this job is no longer accepting applications. See below for more jobs that match what you’re looking for!

Model Risk Analyst

Expired Job

Investors Bancorp, Inc. Short Hills , NJ 07078

Posted 3 months ago

Job Description:

This position will be responsible for performing independent model validations as part of the Model Risk Management framework. Requires a skilled and motivated professional who can effectively assess strengths and weaknesses of statistically based and other analytical models used within the Bank for models such anti-money laundering monitoring, fraud detection, credit risk, financial disclosure, etc. Responsible to support Model Risk Validator and any external vendors used in validation activities and assessing completeness and accuracy of model documentation.


  • Perform independent model validations for model inventory as per policy. Replicate models in order to assess conceptual soundness, evaluate model assumptions and data integrity, test model numerical, statistical, and/or computational accuracy, performing outcomes analysis, and review model governance and control process. Assess the mathematical, statistical, theoretical and conceptual soundness of each model. Verify model performance, i.e. correct implementation, limiting behaving, and response to stress/extreme input condition-stress testing.

  • Prepare model validation reports and share with Model Risk Management. Prepare model risk management reports and materials for Model Risk Management Committee, Management Risk Committee and the Risk Oversight Committee and other Senior management periodically and ad hoc as required. Manage the validation process end to end working with model owners, vendors and other stakeholders.

  • Support relationship with regulators and internal audit. Work with Model Owners to ensure remediation of any findings has an appropriate plan.

  • Contribute to the development and promotion of effective model development, use and validation practices within the Bank. Develop automated solutions to routine validations in order to gain efficiencies in the validation process.


  • Bachelor's Degree in Quantitative field required.

  • 2 or more years in a directly related model development or validation role or equivalent combination of education and experience.

  • Experience with loss forecasting, stress testing, credit score cards, Basel II.

  • Strong quantitative skills in such areas as econometrics, statistics, hazard modeling, and time series analysis.

  • Knowledge of bank products, processes and business practices preferred.

  • Familiarity with model risk management practices and applicable regulatory guidance.

  • Ability to effectively summarize and present validation findings in report format.


  • Experience in Model Risk Management.

  • Knowledgeable of Model Development Lifecycle and controls.

  • Ability to work collaboratively with model owners as a governing second line of defense.

  • Experience in Kanban and/or agile methodologies.

  • AML system validation experience is a plus.

See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Manager IT Risk Assessment


Posted 2 weeks ago

VIEW JOBS 10/31/2018 12:00:00 AM 2019-01-29T00:00 Known for being a great place to work and build a career, KPMG provides audit, tax and advisory services for organizations in today's most important industries. Our growth is driven by delivering real results for our clients. It's also enabled by our culture, which encourages individual development, embraces an inclusive environment, rewards innovative excellence and supports our communities. With qualities like those, it's no wonder we're consistently ranked among the best companies to work for by Fortune Magazine, Consulting Magazine, Working Mother Magazine, Diversity Inc. and others. If you're as passionate about your future as we are, join our team. KPMG is currently seeking a Manager, IT Security Risk Assessment to join our Digital Business Transformation organization. Responsibilities: * Perform information security risk assessments of technology enabled projects; activities include vendor reviews, security requirement definition, and facilitation of security testing and management of residual risk * Advise and guide project teams regarding compensating control alternatives where security requirements cannot be met * Act as the primary point of contact between IT project teams and IT Security groups to help ensure that appropriate security resources are scheduled and that security-related project objectives and timelines are met * Perform Vendor Security assessments activities include evaluation of vendor controls and practices, process enhancements, performing on site assessments, reviewing security test reports, and analyzing and developing security requirements * Communicate and track remediation plans with vendors and IT teams and where applicable recommend mitigating/compensating controls Qualifications: * Minimum of five years of experience performing IT security risk assessments and experience in Information Security * Bachelor's degree from an accredited college or university; CISSP and CCSP certifications preferred * Demonstrated experience understanding of security principles, IT security controls, and related technologies and products * Prior experience in conducting Information Security risk assessments * Strong verbal/written communication, with ability to effectively interact with individuals at all levels of responsibility and authority; able to prioritize, delegate, and foster the development of high performance teams to lead/support an environment driven by customer service and team work * US Citizenship is required KPMG LLP (the U.S. member firm of KPMG International) offers a comprehensive compensation and benefits package. KPMG is an affirmative action-equal opportunity employer. KPMG complies with all applicable federal, state and local laws regarding recruitment and hiring. All qualified applicants are considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other category protected by applicable federal, state or local laws. The attached link contains further information regarding the firm's compliance with federal, state and local recruitment and hiring laws. No phone calls or agencies please. Kpmg Short Hills NJ

Model Risk Analyst

Expired Job

Investors Bancorp, Inc.