Model Risk Analyst - Remote

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the “Best Banks to Work For” and as having a top banking team in its list of “The Most Powerful Women in Banking.” Our customers consistently vote us as the best bank in our local markets., We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a “local” business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. 

Zions Bancorporation is currently hiring a Model Risk Analyst to join our team! The position will be located in our downtown SLC office and will offer a flexible work schedule, with the option to work fully remote, 3/2 hybrid, or fully in-office.

The purpose of Model Risk Management (MRM) is to provide comprehensive guidance and oversight for effective management of model risk. Zions Bancorporation, N.A. (Bank) relies heavily on quantitative analysis and models in many aspects of financial and strategic decision-making. Models are routinely used for a broad range of activities, including underwriting; valuing exposures, instruments and positions; measuring risk; managing and safeguarding client assets; determining capital and reserve adequacy; and many other activities.

The successful applicant will play a critical role in the Company's process for independently managing model risk. The environment is dynamic, as model assessment work will involve multiple areas of the bank (credit, operations, interest-rate risk). 
 

Specific job duties include: 

•    Conducting thorough validation and testing of models to assess their accuracy, performance, and suitability for intended purposes.
•    Summarizing work in formal written reports. 
•    Prioritizing and negotiating resolution of identified model issues. 
•    Partnering with business units to monitor ongoing model performance.
•    Continually staying abreast of the industry's advancements in quantitative modeling and measurement of risks. 

Applicants should have a high aptitude for critical thinking and analyzing risks. The specific attributes and experience we are looking for are: 
 

Preferred: 

•    PhD or MS degree in Statistics, Business, Finance, Economics, or other related field.
•    4+ years experience in financial and/or statistical analysis, quantitative modeling, risk measurement statistical analysis, or other quantitative disciplines.
•    Extensive understanding of descriptive and inferential statistics.
•    Ability to develop financial/statistical models and understand statistical tests of Model performance.
•    Advanced skills with quantitative modeling tools to perform model diagnostic/replication work and to process and examine large quantities of data (Python, R, SAS, Matlab, SQL).
•    Proficiency using MS Office (Excel, PowerPoint, Word, Outlook, Teams).
•    Strong communication skills (written and verbal). 
•    Ability to work constructively with a variety of departments and to persuasively present recommendations and work results. 

Desired: 

•    Previous experience in model risk management, model validation, or quantitative analysis within a financial institution.
•    Knowledge of banking operations, as well as federal and state laws and regulations relating to model risk management programs.

Pay Range:

•    $90,000 - $105,000 (based upon relatable skills, experience and location)

Benefits:  

•    Medical, Dental and Vision Insurance - START DAY ONE!  
•    Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
•    Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
•    Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays
•    401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience 
•    Mental health benefits including coaching and therapy sessions. 
•    Tuition Reimbursement for qualifying employees 
•    Employee Ambassador preferred banking products