Senior Model Risk Quantitative Analyst

Cadence Bank Birmingham , AL 35202

Posted 2 months ago

Cadence Bank: A distinctive beat. A unique rhythm. A synchronized harmony.

Cadence Bank strives to innovate by promoting fresh ideas, making technology accessible, and combining high tech with high touch. We take the time to discover our customers' needs and pain points, which provide the opportunity to build long-lasting relationships that work. We're a regional bank, so we're small enough to offer personal attention, yet we're large enough to offer big bank services. We celebrate our home, our neighbors, and the diversity we represent. We share common goals and situations. We embrace each other as valued team members. And we bring the best people forward.

The Senior Model Risk Quantitative Analyst is responsible for performing annual model reviews and model validations of low and moderate risk models within the Bank. This role will routinely work with Business Unit Managers, external Model Validators, as well as model risk stakeholders throughout the organization. This position will assist lines of business with model validation issue remediation tracking, evaluating model documentation, and model change management.

Strong project management and analytical, critical and creative thinking skills are needed to resolve complex issues. Candidates must be able to effectively set priorities and organize requests received throughout the workday in addition to managing internal and external resources or projects. Accuracy, timeliness and attention to detail are critical success factors. Additional attributes required for success include a strong customer service focus, professionalism, versatile risk & subject matter expertise, and effective communication skills.

Responsibilities include:

  • Perform annual model reviews and model validations, challenging the appropriateness of assumptions, models and modelling processes, and results

  • Develop/update model validation programs to be used for each model validation, review findings from the programs, develop/track remediation plans and work with teams to ensure that the items are being addressed

  • Ensure activities and results are documented

  • Assess the organization's model risk governance, recommend changes as needed

  • Help maintain the model inventory and assist with model governance as needed

  • Partners with the lines of business to maintain a complete inventory of model and non-model tool risks and controls, appropriately assessing risk ratings and control effectiveness

  • Instills model risk management principles and raises awareness of model risk management throughout the enterprise; Attends industry specific working group calls and webinars to stay informed of new MRM practices

  • Provides informed and objective challenge to executive and line management on risk management activities through clear, concise validation artifacts that minimize jargon

  • Builds and maintains effective working relationships with internal and external stakeholders, including third party model validation providers

  • Depending on experience, this role may include responsibilities with enterprise stress testing


  • Bachelor's Degree Required

  • Master's/Ph.D. degree in Business, Information/Analytics, Accounting, Finance, or a quantitative science preferred

  • Professional certification in risk management or actuarial sciences, CFA, or FRM preferred


  • Minimum of 3 years of cumulative experience in risk management

  • Minimum of 3 years of experience in banking

  • Experience with model risk management preferred

  • Experience with corporate risk governance preferred

Additional Knowledge, Skills, and Abilities:

  • Strong statistical modeling background based on technical training or advanced education in a quantitative field

  • Advanced knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS, R or similar statistical package

  • Advanced knowledge of Stress Testing Models, i.e. Liquidity, CECL, DFAST

  • Strong data compilation, programming skills and qualitative analysis skills

  • Advanced knowledgeable of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches

  • Demonstrated independence, team work and leadership skills

  • Strong project management skills

  • Excellent written and verbal communication skills

  • Knowledge of Model Governance Regulations and Fed requirements (SR11-7, OCC 2011-12)

  • Excellent verbal and written communication and presentation skills

  • Proficiency with Microsoft Office Suite (Excel, Word, Visio, and PowerPoint)

  • Advanced spreadsheet and database skills; working knowledge of general database structures and information delivery systems

  • Excellent data interpretation and fluency in reading charts/graphs for relevance and consistency

  • Critical thinking skills to provide credible challenge

Working Conditions:

  • Out of office travel percentage on average is 10-20%

  • Travel is limited to within U.S. and is typically involves day trips

  • Workweeks may exceed 40 hours and may include weekend hours if special projects occur

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.

Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

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