Senior Model Risk Analyst

Research shows that individuals from historically underrepresented groups may hesitate to apply for roles unless they meet every listed requirement. If you believe your skills, knowledge, and experience align with the role, even if they don't exactly match the listed qualifications, we encourage you to apply. Your unique talents may be exactly what we're looking for.

Open to anyone residing in Texas.

The Senior Model Risk Analyst oversees model and AI risk governance, validation, and compliance; leads cross-functional collaboration, stakeholder coordination, and training; manages regulatory communication and project execution; ensures ethical, legal, and performance standards in AI systems through due diligence, monitoring, and effective challenge. This is a high-visibility leadership role with direct exposure to C-level executives and opportunities for growth and collaboration.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Model Governance: Oversee the administration of the Model Risk Management committee, issue management, risk assessments, maintaining model inventories, monitoring model performance, and reporting model risks.
2. Validation and Testing: Perform validation and testing of models and non-model tools, review of documentation and issuing findings according to SR 11-7 guidance.
3. Coordination with Stakeholders: Coordinate with various departments to gather information on potential risks and ensure effective implementation of risk management strategies
4. Training and Development: Provide training staff about risk management and promote a culture of risk awareness within the organization.
5. External Communication: Communicate with external auditors and regulators about risk management policies and practices.
6. Effective Challenge: Provide effective challenge of models and critical tools by running sensitivity analysis, research assumptions, building challenger models and/or benchmarks.
7. AI Risk Management: Maintain an AI risk management strategy that identifies and mitigates potential risks associated with the use of AI.
8. AI Due Diligence: Review and assess the risk of the AI solution related to fairness, ethical, legal, data bias, hallucinations and sample testing.
9. Onboarding and Monitoring: Establish onboarding and monitoring mechanisms to track the performance of AI systems, periodic reviews and updates based on new data, feedback, and technological advancements.
10. Cross-Functional Collaboration: Establish and maintain excellence in cross-functional partnerships to ensure that AI technologies are developed and deployed in a manner that aligns with the company's values and mission.
11. Regulatory Compliance: Ensure that AI solutions are developed and deployed in accordance with regulatory and legal requirements.
12. Project Management: Lead projects requiring coordination with cross-functional teams, ensuring the successful development and implementation of data policies, standards, and issues.
13. Compliance with any and all BSA/AML/CFT and Sanctions requirements set forth by Bank Policy and Procedure, including but not limited to timely completion of assigned training.

SECONDARY DUTIES

The position performs duties specific to the position and other functions as assigned by management.

SUPERVISORY RESPONSIBILITY

This position is not responsible for the supervision of staff.

ENVIRONMENT AND PHYSICAL ACTIVITY

The incumbent is in a non-confined office setting in which they are free to move about at will. In the course of performing the duties and responsibilities of this position spends time writing, speaking, listening, lifting (up to 25 pounds), sitting, typing on a computer keyboard, and standing, kneeling and reaching.

The incumbent for this position may operate any or all of the following: telephone, copy and fax machine, adding machine, computer and related printers.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The incumbent in this position must be able to read documents or instruments, detailed work, problem solving, customer contact, reasoning, math, verbal and written communication, analytical reasoning, multiple tasks with constant interruptions.

MINIMUM REQUIREMENTS

These specifications are guidelines based on the minimum experience required to perform the essential functions of the job. Individual abilities may result in some deviation from these guidelines:

• Bachelor's degree required.
• 5+ years of experience in model risk management or an advanced degree in finance, engineering, science or business, CFA or CPA certification in lieu of experience would be considered.
• Excellent attention to detail and risk management mindset.
• Must be self-learner with great curiosity, and ability to work independently.
• Requires a high energy level and strong sense of discipline.
• Experience building models in R or Python is preferred.

Stellar Benefits:

We believe that empowering people goes far beyond the workplace. That's why we've designed our benefits to help foster your health and prosperity, so you can best support yourself, your loved ones and your communities

• Health Care Coverage, no waiting period
• Dental/Vision
• STD/LTD
• Annual Performance Bonus Eligible
• 401K with company match
• Paid Vacation
• Volunteer days
• Travel Stipend
• Tuition Assistance
• And More

What it Means to Be Stellar:

Stellar Bank came to be in 2023, when Allegiance Bank and CommunityBank of Texas joined forces. What emerged was a financial institution like no other. Stellar bankers set the standard for responsive, relationship-based community banking. We have the resources, dedication and personal focus to out-bank the big banks and out-service the small banks. Our customers see us as a vital part of the team. We are their financial experts who go above and beyond to help them form a plan and get it done

Join Stellar Bank and, yes, you'll be providing outstanding banking. But you'll be achieving something much greater. At Stellar, we empower people to thrive. This is our purpose. This would be your purpose. Here you'd be part of a supportive culture where relationships bond, individuals grow, communities prosper and careers flourish. You can make a difference at Stellar - for yourself and for everyone around you.

Stellar Bank does not discriminate on the basis of race, color, religion, national origin, sex, disability, familial status or any other characteristic protected by applicable federal, state, or local laws, regulations and ordinances.

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