{"schemaVersion":"jobsearcher.job.v1","id":"2efbfe693bb2e4f96db6aa31","url":"https://jobsearcher.com/jobs/2efbfe693bb2e4f96db6aa31","canonicalUrl":"https://jobsearcher.com/jobs/2efbfe693bb2e4f96db6aa31","title":"Quantitative Model Risk Validation Analyst","description":"Position Summary\nBusey Bank is a growing financial institution, established over 150 years ago and operates in Illinois, Kansas, Missouri, Indiana, Texas, Colorado, Oklahoma, Arizona and Florida. As a Quantitative Model Risk Analyst, your primary responsibility will be leading the Company’s model validation and review engagements, ensuring models are conceptually sound and adhere to internal policies and align with regulatory requirements. Additionally, you will be expected to provide consultation to various stakeholders across the organization to provide guidance enabling them to reduce model risks and improve profitability. You will also engage with leaders across the organization requiring you to cultivate positive working relationships to proactively identify, quantify, and manage risks.\nDuties & Responsibilities\nLead the Company’s independent model review processes of quantitative and qualitative models\nDevelop rolling validation and periodic schedules to ensure models are validated and reviewed at required intervals and when material changes are made to the models\nFacilitate all aspects of internal and external model validations, including planning the validation scope and requests for information, scheduling meetings, developing and coordinating email communications, and producing reporting for stakeholders\nPerform independent, internal model validations of quantitative models. Internal validations require the Associate to:\nReview the appropriateness and conceptual soundness of each model individually and in aggregate, taking into consideration of alternative approaches;\nEffectively challenge a model’s inputs, assumptions, and testing;\nAssess the efficiency at which a model produces outputs relative to alternatives;\nEvaluate the ongoing monitoring plan of a model, including whether testing is sufficient in between model reviews to identify model deterioration as well as evaluating whether the model control framework is effectively designed; and\nAssess the comprehensiveness of model documentation\nIdentify and report weaknesses to business partners and stakeholders\nProduce succinct, comprehensive model validation reports summarizing the review and any findings\nEngage vendors, negotiate contracts and validation scope, and facilitate third-party validations, where necessary. Vendor validations require Associate to:\nTransmit all documents and resources requested by the vendor to perform the validation;\nPartner with validators to effectively challenge quantitative models;\nEnable internal business partners by providing consultation and explaining model related questions and issues as they arise; and\nReview and approve vendor’s model validation report and findings\nDemonstrate subject matter expertise to business partners, providing guidance on risk mitigation, model development, and ongoing monitoring, including the development and maintenance of model Key Risk Indicators\nPerform reviews of all Periodic Review submissions for Tier I, Tier II, and Tier III models in between model validations to ensure model performance is consistent with expectations and ongoing monitoring is effective\nProduce periodic reporting on model validation and periodic review results as well as model Key Risk Indicators, reporting to governance committees and working groups when requested\nProvide consultation on the business’s efforts to remediate findings identified throughout the life of a model\nDeliver documentation to management, internal audit, and regulators as requested\nMaintain and evolve the Company’s risk-based model documentation, testing and validation requirements\nParticipate in industry calls to remain abreast of changes in the regulatory environment and industry best practices in the development and management of models and model risk\nCollaborate with Model Risk Governance in the identification and risk assessment of models\nDevelop and maintain model risk validation and review procedures\nContribute to Model Risk Management Policy, Program, and Procedural documentation\nContribute to or lead special projects to enhance the Company’s Model Risk Management Program\nEducation & Experience\nEducation and Experience\nBachelor’s Degree in Economics, Math, Statistics, Finance or a related area of study\nAt least five years of previous model validation experience at a financial institution subject to SR 11-7 and FDIC FIL 22-2017\nAdvanced skills at Microsoft Office (Excel, PowerPoint and Word)\nIntermediate programming skillset capable of using statistical software (e.g., R, Python, etc.)\nExperience with Archer Governance, Risk, and Compliance platform\nStrong financial and credit acumen\nAdvanced knowledge of:\nCapital, credit, interest rate, and liquidity risk as well as CECL regulatory requirements\nAnalytical and strategic thinking with attention to detail\nAbility to:\nWork independently and in a team\nExcellent written, communication, organizational, and interpersonal skills\nCustomer Service - Adheres to The Busey Promise service standards set by Service Plus (Busey’s service model) in order to anticipate and exceed the needs of our customers, both internal and external\nFunctional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner\nAccountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey\nBenefits and Compensation\nSalary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.\n(Base Pay Range: $92,000 – $100,000 /year)\nBusey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.\nEqual Opportunity\nBusey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.\nUnsolicited Resumes\nBusey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies (“Agency”), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings (“Agreement”). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.\nApplication Deadline: 8/15/25","company":"Buseybank2","rawCompany":"buseybank2","city":"Toledo","state":"IL","isRemote":false,"isActive":false,"createdAt":"2026-05-26T08:28:33.337Z","occupations":[{"code":"13-2054.00","title":"Financial Risk Specialists","slug":"financial-risk-specialists"},{"code":"13-2099.01","title":"Financial Quantitative Analysts","slug":"financial-quantitative-analysts"},{"code":"13-2051.00","title":"Financial and Investment Analysts","slug":"financial-and-investment-analysts"}],"industries":[{"code":"522110","title":"Commercial Banking","slug":"commercial-banking"},{"code":"523940","title":"Portfolio Management and Investment Advice","slug":"portfolio-management-and-investment-advice"},{"code":"541690","title":"Other Scientific and Technical Consulting Services","slug":"other-scientific-and-technical-consulting-services"}],"jobPosting":{"@context":"https://schema.org","@type":"JobPosting","title":"Quantitative Model Risk Validation Analyst","description":"Position Summary\nBusey Bank is a growing financial institution, established over 150 years ago and operates in Illinois, Kansas, Missouri, Indiana, Texas, Colorado, Oklahoma, Arizona and Florida. As a Quantitative Model Risk Analyst, your primary responsibility will be leading the Company’s model validation and review engagements, ensuring models are conceptually sound and adhere to internal policies and align with regulatory requirements. Additionally, you will be expected to provide consultation to various stakeholders across the organization to provide guidance enabling them to reduce model risks and improve profitability. You will also engage with leaders across the organization requiring you to cultivate positive working relationships to proactively identify, quantify, and manage risks.\nDuties & Responsibilities\nLead the Company’s independent model review processes of quantitative and qualitative models\nDevelop rolling validation and periodic schedules to ensure models are validated and reviewed at required intervals and when material changes are made to the models\nFacilitate all aspects of internal and external model validations, including planning the validation scope and requests for information, scheduling meetings, developing and coordinating email communications, and producing reporting for stakeholders\nPerform independent, internal model validations of quantitative models. Internal validations require the Associate to:\nReview the appropriateness and conceptual soundness of each model individually and in aggregate, taking into consideration of alternative approaches;\nEffectively challenge a model’s inputs, assumptions, and testing;\nAssess the efficiency at which a model produces outputs relative to alternatives;\nEvaluate the ongoing monitoring plan of a model, including whether testing is sufficient in between model reviews to identify model deterioration as well as evaluating whether the model control framework is effectively designed; and\nAssess the comprehensiveness of model documentation\nIdentify and report weaknesses to business partners and stakeholders\nProduce succinct, comprehensive model validation reports summarizing the review and any findings\nEngage vendors, negotiate contracts and validation scope, and facilitate third-party validations, where necessary. Vendor validations require Associate to:\nTransmit all documents and resources requested by the vendor to perform the validation;\nPartner with validators to effectively challenge quantitative models;\nEnable internal business partners by providing consultation and explaining model related questions and issues as they arise; and\nReview and approve vendor’s model validation report and findings\nDemonstrate subject matter expertise to business partners, providing guidance on risk mitigation, model development, and ongoing monitoring, including the development and maintenance of model Key Risk Indicators\nPerform reviews of all Periodic Review submissions for Tier I, Tier II, and Tier III models in between model validations to ensure model performance is consistent with expectations and ongoing monitoring is effective\nProduce periodic reporting on model validation and periodic review results as well as model Key Risk Indicators, reporting to governance committees and working groups when requested\nProvide consultation on the business’s efforts to remediate findings identified throughout the life of a model\nDeliver documentation to management, internal audit, and regulators as requested\nMaintain and evolve the Company’s risk-based model documentation, testing and validation requirements\nParticipate in industry calls to remain abreast of changes in the regulatory environment and industry best practices in the development and management of models and model risk\nCollaborate with Model Risk Governance in the identification and risk assessment of models\nDevelop and maintain model risk validation and review procedures\nContribute to Model Risk Management Policy, Program, and Procedural documentation\nContribute to or lead special projects to enhance the Company’s Model Risk Management Program\nEducation & Experience\nEducation and Experience\nBachelor’s Degree in Economics, Math, Statistics, Finance or a related area of study\nAt least five years of previous model validation experience at a financial institution subject to SR 11-7 and FDIC FIL 22-2017\nAdvanced skills at Microsoft Office (Excel, PowerPoint and Word)\nIntermediate programming skillset capable of using statistical software (e.g., R, Python, etc.)\nExperience with Archer Governance, Risk, and Compliance platform\nStrong financial and credit acumen\nAdvanced knowledge of:\nCapital, credit, interest rate, and liquidity risk as well as CECL regulatory requirements\nAnalytical and strategic thinking with attention to detail\nAbility to:\nWork independently and in a team\nExcellent written, communication, organizational, and interpersonal skills\nCustomer Service - Adheres to The Busey Promise service standards set by Service Plus (Busey’s service model) in order to anticipate and exceed the needs of our customers, both internal and external\nFunctional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner\nAccountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey\nBenefits and Compensation\nSalary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.\n(Base Pay Range: $92,000 – $100,000 /year)\nBusey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.\nEqual Opportunity\nBusey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.\nUnsolicited Resumes\nBusey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies (“Agency”), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings (“Agreement”). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.\nApplication Deadline: 8/15/25","datePosted":"2026-05-26T08:28:33.337Z","dateModified":"2026-05-26T08:28:33.337Z","hiringOrganization":{"@type":"Organization","name":"Buseybank2","sameAs":"https://jobsearcher.com"},"jobLocation":{"@type":"Place","address":{"@type":"PostalAddress","addressLocality":"Toledo","addressRegion":"IL","addressCountry":"US"}},"identifier":{"@type":"PropertyValue","name":"JobSearcher","value":"2efbfe693bb2e4f96db6aa31"},"url":"https://jobsearcher.com/jobs/2efbfe693bb2e4f96db6aa31"}}