Model Risk Analyst

Job description

First Merchants Bank is seeking a Model Risk Analyst to join our team! This position will maintain the Bank’s Model Risk Management (MRM) program. Assist model developers, owners, and users to implement and comply with the MRM policy and procedures, including reviewing, analyzing, documenting, testing, and assessing model development, implementation, use, validation, and ongoing monitoring activities. Essential Duties & Responsibilities: - Conduct annual reviews and write annual review reports and ratings, including risk and control assessments, change assessments, issues (if any), and documentation reviews. - Conduct model testing and develop and maintain model documentation. - Evaluate model owner, developer, and user compliance with MRM policy and procedures. - Evaluate model inventory, non-model tool inventory, and issue inventory for accuracy, completeness, and timeliness of information in the system of record (Archer) and assist model owner as needed. - Communicate program expectations and deliverables and keep informed of model risk, changes, emerging risks, issues, and concerns. - Stay up to date on regulatory expectations and standard industry practices related to model ri...