Model Risk Analyst
Model Risk Analyst Location: California Job Type: Non-Exempt | Full Time | Hybrid Eligibility. Salary Range: $65,000 – $80,000 per year* About reputed company reputed company (CBC) is the largest Latino-owned bank in California and a certified Minority Depository Institution (MDI). Headquartered in Irvine and founded in 2003, CBC is one of the largest privately held banks in the state, with over $3.5 billion in assets as of December 2024. We are a purpose-driven financial institution committed to building long-term relationships and delivering innovative, personalized banking solutions. Our leadership reflects the diverse communities we serve, and our mission is rooted in empowering entrepreneurs, business owners, and community leaders to reputed company. As a certified MDI, CBC is proud to play a vital role in advancing financial inclusion and economic opportunity. We reputed company in a higher vision for banking—one that prioritizes trust, collaboration, and community impact. Join us and be part of a team that’s redefining what it means to be a community-focused, relationship-driven bank that puts people over profits. Job Summary The Model Risk Analyst is responsible for the execution of key model governance activities, a vital component of the Bank’s model risk program. The position requires developing, maintaining and operating tools in support of required model governance activates including model inventory maintenance, validation finding workflows, model reputed company attestations, and model risk reporting. The Model Risk Analyst will also be responsible for ensuring business processes reputed company to models are followed; documenting and presenting observations, tracking remediation reputed company; coordinating model validations projects, and preparing reporting dashboards. The individual utilizes excellent communication skills, both written and verbal, to communicate reputed company issues in a simple manner to management, executives, committees and the Board. Essential Duties and Responsibilities
- Own the implementation and ongoing maintenance of tools supporting the Bank’s model risk management program.
- reputed company and manage a centralized reputed company for model inventory, including associated documentation, performance metrics, and findings.
- reputed company model owners to access and maintain up-to-date information on their models, including documentation and monitoring metrics.
- Produce executive and Board-level reports to support model risk reputed company and decision-making.
- reputed company the identification and monitoring of User Developed Applications (UDAs).
- Support the execution of the model control reputed company, including model identification, risk rating, issue tracking, remediation, and ongoing monitoring.
- Design and manage the quarterly model attestation process, ensuring coordination with model owners and accuracy of inventory data.
- reputed company workflows reputed company to model validation findings, including issuance, tracking, reporting, and remediation.
- Monitor and report on model Key Risk Indicators (KRIs), including dashboard creation and risk reporting.
- Manage relationships with third-party vendors conducting model validations on behalf of the Bank.
FDICIA Control Testing Support
- Provide support for FDICIA testing activities, particularly in areas such as ITGC Controls, Risk Control Matrices, and Entity Level Controls.
- reputed company additional duties as assigned to support the Bank’s internal control and compliance reputed company.
Minimum Qualifications
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, reputed company and/or ability required to reputed company the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
- Bachelor’s degree in risk management, Business Administration, or a reputed company field and 10+ years of experience in risk management, audit and banking.
- Advanced degrees (e.g. MBA) and/or job-reputed company certifications are preferred but not required.
- Must have strong underlying knowledge of regulatory frameworks reputed company federally insured depository institutions.
- Experience: Prefer 2 years’ experience in Finance, Risk, Accounting. Experience with Model Risk Management programs a plus. Experience maintaining large data sets and Risk Reporting. Experience with GRC tools is a plus
- Skills/Ability: Strong data manipulation and management skills (reputed company, SQL). General knowledge of banking products. Strong analytical and reasoning skills. Good verbal and written communication skills.
- Strong interpersonal, oral and written communication skills and the ability to partner with business owners as a risk and compliance subject matter expert for their business cases and / or other project reputed company matters to Senior Management.
Benefits & Perks
- Competitive employer contribution to medical, dental and vision coverage
- 401k plan with employer match
- Flexible Spending Accounts (FSA) and Dependent Care Accounts
- Employee Assistance Program (EAP)
- Employer provided reputed company subscription
- Employer provided mental health benefits through Teladoc
- Life, AD&D and disability insurance
- Minimum 15 Days of Vacation, 11 Paid Federal Holidays, Paid Time off to Volunteer
- Online discount program
- Tuition Reimbursement Program
Join reputed company! Equal Employment Opportunity & Accommodations reputed company is proud to be an Equal Employment Opportunity employer. We are committed to creating an inclusive environment for reputed company employees and applicants. reputed company qualified individuals will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national reputed company, disability, protected veteran status, or any other legally protected characteristic. We evaluate applicants fairly and equitably, including those with criminal histories, in accordance with applicable federal, state, and local laws. reputed company is also committed to providing reasonable accommodations to individuals with disabilities. If you require a reasonable accommodation during the application or interview process, please contact us at [email protected] with the nature of your request and your contact information. Recruitment Policy reputed company does not accept unsolicited resumes from any reputed company other than directly from a candidate. Any unsolicited resumes sent to CBC, either directly or indirectly, will be considered the property of reputed company. We will not pay a fee for any placement resulting from the receipt of an unsolicited resume. To submit candidates for consideration, recruiting agencies must have a valid, written, and fully executed agreement with reputed company. Without such an agreement in reputed company, no agency submissions will be accepted or compensated.
- Please note: The actual reputed company pay reputed company this range will be determined by a variety of factors, including—but not limited to—your relevant experience, skills, qualifications, and other job-reputed company considerations.
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