Risk

Full job description

Job Title:

Liquidity and IRRBB Risk Modeler

Location:

CityScape

What you'll do:

Western Alliance Bank (WAL) is seeking a Risk Modeler to contribute to the development of the bank’s models for Asset Liability Management (ALM) and deposit projections. The Risk Modeler will work closely with their team to build quantitative models used to meet regulatory requirements for ALM, Liquidity Stress Testing, and capital stress testing. The Risk Modeler will collaborate with and receive regular coaching from the Risk Modeling Manager. The Risk Modeler will have opportunities to present research to senior management.


The Risk Modeler will have expertise in cleaning and manipulating data; analyzing large and complex datasets; and building statistical or econometric models using a high-level programming language such as R, Python, or SAS. The Risk Modeler will have an excellent understanding of economics and finance. In addition, industry experience in predictive model development, testing, and implementation is preferred, but not required.


In this role, you will play an important role in enhancing the bank’s key risk infrastructure and business retention strategy.

What we are looking for:

• Contributes to model development projects for models that guide the management of liquidity risk and interest rate risk in the balance sheet (IRRBB).

• Collaborates closely with other Risk Modelers and the Risk Modeling Manager to enhance and test the performance of existing models.

• Helps to collect, organize, and clean raw data that will be used to develop or enhance models.

• Writes high-quality documentation that clearly describes model objectives, development, performance testing, limitations, and appropriate use.

• Assists with model validation and analytical requests from the Model Risk Management Group (MRMG).

• Keeps abreast of research and the economic environment to identify how current events may impact model outcomes and the banks’ stress scenarios.

• Continues to learn about modeling, the banking business, and our customers.

What you need to have:

• PhD degree in one of the following: Economics, Statistics, or Finance; Or a master’s degree in the above fields with 3+ years of experience.

• Excellent quantitative modeling, analytical, research, and programming skills.

• Expertise in one of the following: R, Python, SAS, Stata, or SPSS.

• Experience with planning and executing empirical research projects.

• Strong communication skills, both verbal and written.

• Experience in the banking industry, particularly in risk/ALM modeling, is a bonus, but not required.

Benefits you’ll love:
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email or call . When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

© Western Alliance Bancorporation