Model Risk Governance Analyst

Welcome to First Horizon, where we are committed to providing exceptional financial services and building strong relationships with our clients. We are currently seeking a highly skilled and detail-oriented Model Risk Governance Analyst to join our team. As a Model Risk Governance Analyst, you will play a crucial role in ensuring the accuracy and effectiveness of our financial models, which are essential to our business operations. You will have the opportunity to work with a dynamic team and contribute to the success of our company. We are looking for a motivated individual with a strong background in model risk management and a passion for excellence. If you are ready to take on a challenging and rewarding role, we encourage you to apply today.

1. Conduct regular reviews and evaluations of existing financial models to ensure accuracy and effectiveness.
2. Develop and implement policies, procedures, and controls for model risk management.
3. Collaborate with various departments to identify potential risks and issues related to financial models.
4. Keep up-to-date with industry developments and best practices in model risk governance.
5. Perform ongoing monitoring and validation of models to ensure compliance with regulatory requirements.
6. Communicate findings and recommendations to senior management and other stakeholders.
7. Coordinate with model owners and developers to ensure proper documentation and validation of models.
8. Identify opportunities for improvement and optimization of financial models.
9. Develop and maintain relationships with external auditors and regulatory agencies.
10. Train and mentor junior team members on model risk governance best practices.
11. Collaborate with cross-functional teams to implement new models and assess their impact on the organization.
12. Stay informed about changes in regulations and industry standards related to model risk management.
13. Participate in special projects and initiatives related to model risk governance.
14. Maintain accurate and organized records of model risk assessments and validation processes.
15. Provide guidance and support to other departments on model risk governance matters.
16. Continuously monitor and evaluate the effectiveness of model risk management processes and make recommendations for improvements.
17. Adhere to all company policies and procedures related to model risk governance.
18. Contribute to a positive and collaborative team culture within the organization.
19. Act as a subject matter expert and resource for model risk governance related inquiries.
20. Demonstrate a commitment to excellence and continuous learning in the field of model risk management.

According to JobzMall, the average salary range for a Model Risk Governance Analyst in Birmingham, AL, USA is $73,000-$120,000. This may vary depending on the specific company, experience level, and education of the individual.

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee.