Model Risk Analyst - Salt Lake City

BankTalent HQ
Competitive
401(k), profit sharing
United States, Utah, Salt Lake City
Jul 02, 2025
Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets., We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers. With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. Zions Bancorporation is currently hiring a Model Risk Management Analyst to join our team! The position will be located in our downtown SLC office. The purpose of Model Risk Management (MRM) is to provide comprehensive guidance and oversight for effective management of model risk. Zions Bancorporation, N.A. (Bank) relies heavily on quantitative analysis and models in many aspects of financial and strategic decision-making. Models are routinely used for a broad range of activities, including underwriting; valuing exposures, instruments and positions; measuring risk; managing and safeguarding client assets; determining capital and reserve adequacy; and many other activities. The successful applicant will play a critical role in the Company's process for independently managing model risk. The environment is dynamic, as model assessment work will involve multiple areas of the bank (credit, operations, interest-rate risk). Specific job duties include: Conducting thorough validation and testing of models to assess their accuracy, performance, and suitability for intended purposes. Summarizing work in formal written reports. Prioritizing and negotiating resolution of identified model issues. Partnering with business units to monitor ongoing model performance. Continually staying abreast of the industry's advancements in quantitative modeling and measurement of risks. Applicants should have a high aptitude for critical thinking and analyzing risks. The specific attributes and experience we are looking for are: Preferred: PhD or MS degree in Statistics, Business, Finance, Economics, or other related field. 2-4+ years experience in financial and/or statistical analysis, quantitative modeling, risk measurement or other quantitative disciplines. Extensive understanding of descriptive and inferential statistics. Ability to develop financial/statistical models and understand statistical tests of model performance. Advanced skills with quantitative modeling tools to perform model diagnostic/replication work and to process and examine large quantities of data (Python, R, SAS, Matlab, SQL). Proficiency using MS Office (Excel, PowerPoint, Word, Outlook, Teams). Strong communication skills (written and verbal). Ability to work constructively with a variety of departments and to persuasively present recommendations and work results. Desired: Previous experience in model risk management, model validation, or quantitative analysis within a financial institution. Knowledge of banking operations, as well as federal and state laws and regulations relating to model risk management programs. Familiarity with model risk associated with generative AI and emerging regulatory and ethical frameworks surrounding such models. Location: Located in the heart of downtown Salt Lake City, the Zions Bank Building serves as the headquarters of both Zions Bancorporation and Zions Bank. The building sits adjacent to City Creek Center, a world-class shopping and dining destination with more than 100 stores and restaurants. The Zions Bank Building stands tall among Salt Lake City's central business district, providing hundreds of team members with an exceptional work environment and features such as: Easy access to the City Creek UTA TRAX station, as well as various electric vehicle charging stations in most City Creek area garages; An employee-only fitness center and bike storage; An employee lounge, kitchen, micro market, game tables, couches and TVs; Private mothers' rooms and lockers; and Access to downtown shopping, dining, arts and entertainment.