Model Risk Management Analyst

2 weeks ago


San Diego, California, United States Midland Credit Management Inc Full time
Starting Compensation
Annual Salary: $73,000 - $105,000 (Amount based on office location, relevant experience, skills, and competencies)

Why Consider a Career with Us:
  • Compensation and Incentives: Receive a competitive salary along with opportunities for uncapped commissions or annual bonuses.
  • Career Development: Advance your career at Midland Credit Management with paid training and development initiatives, including our dedicated MCM Academy, and a promote-from-within culture.
  • Acknowledgment and Rewards: We recognize outstanding performance through various accolades, including formal awards and prizes such as all-expenses-paid vacations.
  • Educational Support: Receive assistance for pursuing degrees or courses relevant to your current position or future aspirations.
  • Health Insurance: Benefit from comprehensive healthcare plans and options to maintain your health, along with fitness membership reimbursements, wellness rewards programs, and more.
  • Community Engagement: Enjoy up to eight hours of paid time off annually for volunteering, plus volunteer grants and matching financial contributions, up to $2,500 per employee each year.
  • Retirement Planning: Establish a solid financial future with our retirement savings plans that reflect our commitment to investing in your success.
  • Family Support: Celebrate new family additions with company-paid leave, flexible time for new parents, and child care options.
  • Team Engagement: Participate in various company-sponsored team-building activities that foster connections among colleagues.
  • Work-Life Harmony: Enjoy generous paid time off, including holidays and floating days.
Our compensation and benefits framework is designed with an 'Employee-First Approach' aimed at supporting, developing, and recognizing YOU. We provide a comprehensive range of wellness and mental health initiatives, promote volunteerism and environmental sustainability, encourage employee education through leadership training and skill enhancement, and prioritize internal promotion opportunities.

Midland Credit Management is looking for a proactive Model Risk Management Analyst to contribute to the development of our model risk framework. This position presents a unique opportunity to influence Midland's strategic approach to model risk, a significant concern for both our leadership and financial institutions globally.

The Model Risk Management Analyst will be tasked with enhancing and overseeing the company's methodology for managing risks associated with statistical models. Responsibilities will include supporting independent model validation and refining governance standards. The role also involves monitoring changes in portfolio valuations over time and generating reports for executive leadership. Candidates should possess strong quantitative skills, demonstrate the ability to collaborate across various functions, and be comfortable conveying insights to senior management.

KEY RESPONSIBILITIES
  • Maintain a comprehensive database of current and historical portfolio valuations.
  • Generate regular reports detailing changes in portfolio valuations for executive review.
  • Assist in the validation and assessment of models.
  • Propose and implement improvements to Midland's model governance protocols.
  • Develop risk management controls, including model inventories, risk categorization, and other reporting mechanisms.
  • Perform additional duties as assigned.
MINIMUM QUALIFICATIONS

EDUCATION: Bachelor’s Degree

FIELD OF STUDY: Statistics, Finance, Economics, or a related field

EXPERIENCE: Minimum of 3 years recommended

KNOWLEDGE, SKILLS, ABILITIES, AND OTHER ATTRIBUTES:
  • Proficiency with analytical tools such as Python, SQL, and PowerBI.
  • At least 1 year of experience in model development, validation, predictive modeling, monitoring, or a solid understanding of model risk assessment.
PREFERRED QUALIFICATIONS

EDUCATION: Master’s Degree or higher

FIELD OF STUDY: Statistics, Finance, Economics, or a related field

KNOWLEDGE, SKILLS, ABILITIES, AND OTHER ATTRIBUTES:
  • Experience within the financial services sector.
  • Familiarity with developing or assessing credit models, loss models, or similar frameworks.
About Us

We are more than just a specialty finance organization providing debt recovery solutions. Our global team of over 4,000 dedicated employees is committed to empowering consumers on their journey toward financial recovery and improving their lives. We believe that our mission can only be achieved by hiring exceptional individuals who bring diverse perspectives, a collaborative spirit, and a commitment to achieving outstanding results. If you are driven by results, passionate about helping others, and thrive in an innovative environment, we invite you to explore opportunities with us.

Midland Credit Management and its subsidiaries are proud to be equal opportunity employers, valuing diversity within our organization. Qualified candidates will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, protected veteran status, or disability status. We ensure that individuals with disabilities receive reasonable accommodations to participate in the job application and interview process, perform essential job functions, and access other employment benefits. Please reach out to us for accommodation requests.

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