Model Validation Analyst

Job Listing ID:

4469895

Job Title:

Model Validation Analyst Application Deadline:

Open Until Filled

Job Location:

Lake Oswego

Date Posted:

04/10/2026

Hours Worked Per Week:

Not Provided Shift:

Not Provided Duration of Job:

Either Full or Part Time, more than 6 months You may contact this employer directly. (Obtain the contact information to print or add to your jobs.)

Job Summary:

About the

Role:

The Model Risk Analyst will conduct model validation studies, with limited oversight, to manage and mitigate the risks that arise from the use of models that have fundamental errors and from the inappropriate use of model results. Analysis will include assessments of each model's conceptual soundness, statistical analysis of empirical model performance, the development of challenger models for benchmarking comparisons, and composition of robust validation reports. Will identify items posing significant model risks to the bank, propose plans to address those risks, and present recommendations for continued model use or rejection to Senior Management and the Model Risk Committee. Reviews to includes financial models used to drive business decisions including but not limited to: financial planning, fraud detection, credit risk management, anti-money laundering, asset and liability management, and Dodd-Frank Act Stress Testing (DFAST). Perform reviews of existing model documentation. Interview model developers and model owners to understand the business context for model use and to facilitate the adoption of model risk management standards. Under direct supervision of the Model Risk Manager, design specific validation plans to provide "effective challenge" to models, including assessments of overall design, underlying theoretical approaches, data quality and controls, model specification and estimation, development testing, implementation, use, and approvals. Analyze empirical model performance using statistical techniques such as back-testing, scenario analysis, stress-testing, stability and sensitivity testing, and benchmarking against self-developed challenger models. Review computer code and input data to assess quality. Prepare robust reports documenting the findings of validation review and analysis. Present results and recommendations for changes, continued use or rejection of models to model developers, model owners, executive sponsors, and the Model Risk Committee. Assist model developers, model users, and model owners in the completion of model documentation and the design of scorecards to track the on-going performance of models under their responsibility. Identify emerging model risk issues impacting the Bank, changes in industry best practice related to model development and validation, and communicate to model developers, senior management and the Model Risk Committee. Facilitate improved understanding of model risk by conducting individual educational presentations or roadshow sessions as assigned by the Model Risk Manager. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "Business Bank of Choice" May perform other duties as assigned.

About You:

Master's Degree in economics, mathematics, statistics, financial engineering, quantitative finance, or actuarial sciences (preferred) Doctoral degree ...

Job Classification:

Financial and Investment Analysts Access our statewide or regional occupation report for more information about wages, employment outlooks, skills, training programs, related occupations, and more. Compensation

Salary:

Not Provided Job Requirements

Experience Required:

 See Job Summary

Education Required:

None

Minimum Age:

N/A Gender:

N/A