Wintrust Financial

Wintrust Financial

Officer, Model Risk Management

Rosemont, IL · Mid

Sponsorship not specified$85k-$110kDetected 125 days ago
Machine LearningValuationLoad TestingCollaboration

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odds of building a lasting career here

40Risky
Cap-exempt (no lottery)0
Sponsors this role90
Entry-level history0
PERM / green-card track0
Lottery odds40
Fits your clock70

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Employer immigration record

from this employer's Department of Labor filings

Green-card follow-through: 86%

Of 7 labor certifications old enough to have been used, 1 expired without the employer filing the next step. Median time from filing to decision: 504 days.100% of their filings were for a worker who already held the job.Only certifications past the 180-day window are counted — recent ones cannot have expired yet.

Sourced from Department of Labor LCA, PERM and prevailing-wage disclosure data. Employer matching is by name, so figures may be split across an employer's legal entities. Absence of a filing means none appears in our copy of the data, not that none exists.

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About the role

  • Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC." Why join us? - An award-winning culture!
  • Position Overview The Officer, Model Risk Management will conduct various activities related to enterprise model risk validation and model governance.
  • Follow up with model owners to ensure findings are remediated in a timely manner.

Responsibilities

  • Develop a model validation testing plan commensurate with the model risk tier and perform quantitative and qualitative tests to assess models for conceptual soundness, implementation accuracy, data integrity, and performance accuracy, including back testing, sensitivity analysis, scenario analysis, benchmarking, and governance.
  • Review of model theoretical framework and design
  • Review testing results in the model methodology document.
  • Design and execute a comprehensive and granular program for the following: Data Validation
  • Model theoretical framework and design
  • Provide effective and meaningful challenge during the following processes of model validation: Review of conceptual soundness; Review adequacy of modeling data; Materiality analysis of model assumptions and limitations; Review of model theoretical framework and design; Review of model performance.
  • Model documentation review should consist, amongst others, the following: Assessing the quality of model documentation; Reviewing documentation of developmental evidence; Review documentation of model governance; Review testing results in the model methodology document.
  • Design and execute a comprehensive and granular program for the following: Data Validation; Model theoretical framework and design; Assumptions and Limitations testing; Model Conceptual soundness; Back-testing; Model Effectiveness Testing, Sensitivity Analysis; and Benchmarking for material portfolios.
  • Maintain status updates and facilitate resolution/escalations of issues in a timely fashion.
  • Use MRM Model Validation tool to perform model validation activities.

Requirements

  • 2-5 Years of experience with models related to credit risk (Consumer and Commercial), Liquidity, Compliance (BSA/AML, Fair Lending), CECL, AI, and Machine Learning.

Nice to have

  • Master's degree or PhD preferred.

Compensation

  • The estimated salary range for this role is $85,000-$110,000, along with eligibility to earn an annual bonus.

Benefits

  • Medical Insurance
  • Life insurance
  • Short-term and long-term Disability Insurance
  • Parental Leave
  • Flexible Spending Account (FSA)
  • Employee Stock Purchase Plan at 5% discount
  • Transportation and Commuting Benefits

Company info

  • Our people are the heart of our business and we are proud to rank consistently as a top place to work.

Equal opportunity

  • Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer.
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This listing is sourced directly from Wintrust Financial's careers page and normalized into a canonical job model.