Model Risk Management Analyst at Bell Bank
United States
<p>The Model Risk Management Analyst executes model validation and ongoing monitoring activities across the bank’s model inventory. This role performs end<span>‑</span>to<span>‑</span>end review work — including testing, documentation, and risk assessment — following established Model Risk Management (MRM) standards and regulatory guidance. This role is expected to complete assignments with minimal supervision, communicate findings clearly, and ensure models remain compliant, well<span>‑</span>documented, and are performing as intended.</p> <p>Responsibilities</p> <p><strong>Model Risk Management</strong></p> <ul> <li>Ensure key details (assumptions, inputs, purpose, limitations) are clearly recorded in model documentation.</li> <li>Perform routine model monitoring by updating performance metrics, reviewing basic trends, and documenting breaches for review by the broader MRM team.</li> <li>Keep the model inventory up to date by ensuring assigned models have correct attributes (status, owner, risk tier, review dates).</li> <li>Communicate with model owners to gather needed documentation or clarify how a model is used.</li> <li>Follow established model governance standards and procedures to help ensure models meet internal and regulatory expectations.</li> </ul> <p> </p> <p><strong>Model Validation & Review</strong></p> <ul> <li>Conduct basic testing such as comparing model results to benchmark values or reviewing historical performance trends.</li> <li>Identify and document any issues you notice related to data quality, assumptions, or results, and escalate to senior staff.</li> <li>Prepare clear and organized sections of validation reports that describe what was reviewed and what was found using existing report templates.</li> <li>Share findings with model owners and help answer follow‑up questions within your area of work.</li> <li>Re‑test corrected items or updated model components to confirm previously identified issues have been resolved.</li> </ul> <p> </p> <p><strong>Bell Bank Culture, Policy and Accountability Standards:</strong></p> <ul> <li>Know by name and face as many customers and employees as possible, calling them by name as often as possible.</li> <li>Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.</li> <li>Know, understand, and live the company values and bottom line.</li> <li>Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.</li> <li>All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.</li> <li>Prompt and reliable attendance.</li> <li>Perform other duties as assigned.</li> </ul> <p>Education, Experience, and Other Expectations</p> <ul> <li>Bachelor’s degree in business analytics, finance, economics, statistics, or other similar field; or equivalent experience required.</li> <li>2 – 4 years of experience in risk management, compliance, data analytics, risk analytics, or related roles.</li> <li>Experience with banking products, credit processes, liquidity management, stress testing, forecasting models, and/or capital planning frameworks is preferred.</li> <li>Experience with statistical and data analysis tools.</li> </ul> <p>Skills and Knowledge</p> <ul> <li>Analytical and quantitative skills with the ability to evaluate complex models, data flows, and methodologies.</li> <li>Ability to interpret and apply regulatory requirements related to model risk.</li> <li>Written and verbal communication skills, including the ability to translate technical concepts for non<span>‑</span>technical audiences.</li> <li>High attention to detail, organizational skills, and the ability to manage multiple tasks and deadlines.</li> <li>Comfortable managing multiple tasks and deadlines independently.</li> </ul>
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