Quantitative Model Risk Analyst Sr.

Location: Hicksville, NY 11801, United States

Salary: $75,409.50–$132,108.00 annually

Company

hirify.global is a banking institution with enterprise-wide risk management operations.

What you will do

• Perform independent validation of complex and high-impact models across business units, including model design, development processes, monitoring, and outcomes.
• Assess model code, assumptions, limitations, documentation, input data quality, processing logic, and output integrity through technical reviews and replication.
• Review and conduct sensitivity analyses, back testing practices, implementation procedures, and recalibration efforts.
• Prepare comprehensive model validation reports, recommendations, effective challenge documentation, and remediation memos.
• Validate remediation of model deficiencies and provide subject matter guidance to model owners and developers.
• Support automation and enhancement of model risk reporting, including deficiency tracking, remediation timelines, risk ratings, and performance indicators.

Requirements

• Master’s degree or postgraduate equivalent in Economics, Computational Finance, Statistics, Applied Mathematics, or a related field.
• At least 6 years of experience at a financial institution in risk management or model risk management, focused on BSA/AML models.
• Knowledge of stress testing, banking regulations, statistics, mathematics, and financial risk modeling.
• Proficiency with Microsoft Office, including Word, Excel, and PowerPoint; ability to create charts and graphs in Excel.
• Strong analytical, organizational, communication, project management, and relationship-building skills.
• Ability to work independently and collaboratively, manage multiple priorities, and meet deadlines.

Culture & Benefits

• Full-time position collaborating with model developers, business-line risk teams, and internal and external auditors.
• Medical, dental, vision, life, and disability insurance.
• Comprehensive leave program.
• Additional compensation may include variable incentives, bonuses, commissions, or other awards.
• Equal opportunity employment and required compliance training.