New

Senior Model Risk Analyst

Western Alliance Bancorporation
dental insurance, tuition assistance, 401(k)
United States, Arizona, Phoenix
Oct 31, 2025
Job Title: Senior Model Risk Analyst Location: CityScape What you'll do: Western Alliance Bank (WAL) is seeking a Senior Model Risk Analyst to join its Model Risk Management Group. In this role, you will collaborate closely with the Model Validation Director to identify, assess, mitigate, and monitor model risk, while contributing to the ongoing development of the bank's Model Risk Management program. You will perform independent testing and validation to evaluate model accuracy and robustness across various scenarios and market conditions, quantify risks arising from model limitations, and develop compensating controls. Additionally, you will produce high-quality validation reports that clearly communicate model risks and limitations. Apply statistical, financial, economic, and business expertise to conduct independent model validation activities in accordance with the bank's Model Risk Management Policy and Federal Reserve SR 11-7 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis and benchmarking etc.). Prepare comprehensive model validation reports and presentations. Ensure effective remediation of identified model risk issues. Contribute to the development and implementation of model risk management policies and procedures. Stay current with research and trends in statistical modeling and model risk management. What you'll need: Minimum of 5 years of relevant experience in validating and/or developing CCAR/CEL models (e.g., PD, LGD, EAD) within the financial services industry. Master's degree in a quantitative field (e.g., statistics, economics, mathematics, computer/data science) required; PhD preferred. Intermediate to Advanced knowledge of regulatory and legal compliance obligations, industry standards, and best practices. Intermediate to Advanced project management skills and ability to manage multiple projects independently. Intermediate to Advanced experience in general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services. Intermediate to Advanced quantitative modeling, analytical, research, and programming skills. Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL. Intermediate to Advanced verbal and written communication skills. 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