Enterprise Risk Analyst II, AVP

5 days ago


Lynn, Massachusetts, United States Eastern Bank Full time
Job Description

This position supports the Model Risk Management Program within the Enterprise Risk Management Division and reports to the SVP Model and Financial Risk Director.

The Enterprise Risk Analyst II is responsible for ensuring compliance with the Bank's Model Risk Management policies and procedures as well as all required regulatory requirements to mitigate and monitor risk associated with the use of models at the Bank.

This includes model risk management program development, independent model validations, and other enterprise risk analysis.

Key Responsibilities:
  • Organize and perform validations on various types of models used by the Bank.
  • Manage external model validation process through organization of vendor selection and coordination between the vendor and model owner.
  • Drive the design and execution of the Model Risk Management program by identifying and initiating improvements in processes and controls.
  • Maintain model inventory within Archer and lead in management of model risk scoring, model assessments, model change management, and model validation findings/remediations.
  • Engage with internal and external stakeholders to facilitate discussion, drive agreement on model development approach, and communicate quantitative methods and results to various stakeholders, including senior management and regulators, through participation in the Model Risk Management Committee.
  • Guide model owners through the model validation process, including assisting in confirming model versus tools and informing model owners of governance and validation efforts required.
  • Assist in the design and execution of the Financial Risk Management program by identifying and initiating improvements in processes and controls.
  • Perform risk reviews and second-line testing on financial areas, including Capital, Liquidity, and Market Risk.
  • Stay current on industry developments related to Model Risk Management and Enterprise Risk Management.
Requirements:
  • Bachelor's degree in Finance, Economics, Mathematics, Statistics, Quantitative Analysis, or another technical discipline.
  • Advanced degree preferred.
  • 3-10 years of related experience at a Financial Institution or Consulting Firm in the areas of risk analysis, financial analysis, model validation, or model development.
  • Proficient in Microsoft Office.
  • Proficient in SQL or related database tools.
  • Proficient in statistical analysis and use of statistical modeling software (SAS, R, Matlab).
  • Self-motivated and the ability to work and learn independently.
  • Strong organizational skills.
  • Detail-oriented.
  • Excellent oral and written communication skills.
  • Ability to communicate complex topics to non-technical employees.
About Us

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth.

We are an inclusive company that works to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential.

We offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life, and disability insurance, retirement, vacation, and tuition reimbursement.

We are an Equal Opportunity Employer of women, people of color, LGBTQIA+, religion, national origin, citizenship, neurodivergence, age, Veterans, individuals with disabilities, or any other characteristic protected by law.

We are dedicated to building a diverse, equitable, inclusive, and authentic workplace.

If you're excited about this role but your experience doesn't fully align with every qualification, we still encourage you to apply.

We are waiting to chat with you.



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