Senior Model Risk Analyst

Job description

First Merchants Bank is seeking a Senior Model Risk Analyst to join our team! This position will maintain the Bank’s Model Risk Management 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 and Responsibilities: - Conduct annual reviews and write annual review reports and ratings, including risk and control assessments, change assessments, issues (if any), and documentation reviews. - Oversee and assess model validations and reports performed by vendors and ongoing monitoring performed by the model owners. - Compile, conduct, and document model testing and complete analysis. - Develop and maintain model documentation by working with vendors and other key stakeholders. - Evaluate model owner, developer, and user compliance with MRM policy and procedures. - Evaluate model inventory, end user computing tool inventory, and issue inventory for accuracy, completeness, and timeliness of information in the system of record (Archer) and assist model owner as nee...