Model Risk Analyst

Model Risk Analyst First Merchants Bank vision insurance, parental leave, paid holidays, sick time, tuition reimbursement, 401(k) United States, Michigan, Monroe 10 Washington Street (Show on map) Apr 24, 2026 Description First Merchants Bank is seeking a Model Risk Analyst to join our team! This position will maintain the Bank's Model Risk Management (MRM) program. Assist model developers, owners, and users to implement and comply with the MRM policy and procedures, including reviewing, analyzing, documenting, testing, and assessing model development, implementation, use, validation, and ongoing monitoring activities.

Essential Duties & Responsibilities:

Conduct annual reviews and write annual review reports and ratings, including risk and control assessments, change assessments, issues (if any), and documentation reviews. Conduct model testing and develop and maintain model documentation. Evaluate model owner, developer, and user compliance with MRM policy and procedures. Evaluate model inventory, non-model tool inventory, and issue inventory for accuracy, completeness, and timeliness of information in the system of record (Archer) and assist model owner as needed. Communicate program expectations and deliverables and keep informed of model risk, changes, emerging risks, issues, and concerns. Stay up to date on regulatory expectations and standard industry practices related to model risk management. Provide model risk management training, guidance and advisory services. Actively support the ERM function of risk oversight and business partner collaboration in other projects as needed. To be successful in this position, we require the following: Bachelor's degree OR an associate degree/ two years of college + two (2) years of related work/military experience OR four (4) years of related work/military experience (plus any additional required experience). A minimum of one (1) year of model risk management, risk management, model use, model development, and/or other related disciplines. Basic Microsoft Excel skills. The following would be a plus: Bachelor's degree in business, economics, mathematics, statistics or related field. A minimum of three (3) years of model risk management, risk management, model use, model development, and/or other related disciplines. Familiarity with Python, R, MATLAB, SQL, SAS, or other relevant languages. Basic Microsoft Excel, which may include functions such as VLOOKUP, INDEX-MATCH, pivot tables, data visualization (charts and graphs), conditional formatting, and/or data analysis tools.

First Merchants offers the following:

Base Pay PLUS Bonuses Medical, Dental and Vision Insurance 401k Health Savings and Flexible Spending Accounts Vacation/Sick Time Paid Holidays Paid Parental Leave Tuition Reimbursement Additional Benefits A little about us: First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging." Apply today to begin your career with us! Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.