Credit Model Development Officer

Bank of Hope

Aug 5th, 2022
$ 115000 - 125000 / Year

It all started in the early ‘80s. A small bank helping the immigrant community in Los Angeles to achieve the American dream with home loans and small business loans. Since then, Bank of Hope has rapidly grown into the 97th largest financial institution in the United States (out of 4,983) with 54 branches all across the nation. In 2013-2019, it was listed as “Best Bank in America” by Forbes and in 2014, it was listed as “America’s Most Trustworthy Companies” by Forbes. As of February 2022, we are ranked #1 Small Business Administration Lender in Los Angeles, ranked #10 SBA Lender in California, and ranked #11 SBA Lender in the United States. Bank of Hope now has 1,432 employees with $17.8 billion in assets. It is the quintessential American success story and we continue to grow!

We are currently seeking a Credit Model Development Officer to support our Credit Administration. As the Credit Model Development Officer, you will be responsible for the drafting of model documentation as well as performing ongoing monitoring reports on credit risk related models. And you will be also developing the credit related models and oversee model development.

  • Produce clear documentation and in-depth model documentation
  • Develop in-house models for credit risk area
  • Lead the effort to develop the models including but not limited to Stress Testing, and CECL models
  • Assess suitability and implementation of vendor models (built by external consultants/vendors)
  • Develop methodology and conceptual soundness of models (Stress Testing and CECL)
  • Assess and test model performance and maintenance
  • Review and verify ongoing model performance and maintenance.
  • Gain in-depth understanding of the available data sources and help build an effective data governance framework.

Job Qualifications/Requirements

  • Bachelor’s Degree in risk/finance/business/math/stat
  • 5-10 years of modeling, quantitative and qualitative analysis and banking experience
  • Prior experience developing/validating of the following (preferred):
  • CoStar Compass
  • Moody’s RiskCalc (or other Moody’s models such as Impairment Studio, GCorr, ECCL)
  • CECL Models
  • Enterprise Stress Testing models
  • Experience in designing tests, model outcomes analysis, scenario analysis, sensitivity analysis, and back-testing
  • Knowledge of model risk management
  • Strong technical writing, communication, verbal, and interpersonal skills
  • Knowledge of banking systems and products and risk management methodologies
  • Knowledge of statistical/financial models in areas of Credit/Market/Operational Risks
  • Experience working with large databases
  • Discipline, task focus, self-motivation and a proven record of delivering high quality results within strict deadlines

Job Type: Full-time

Pay: $115,000.00 – $125,000.00 per year

Benefits:

  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Parental leave
  • Tuition reimbursement
  • Vision insurance

Schedule:

  • 8 hour shift

Application Question(s):

  • Are you highly proficient with modeling, quantitative and qualitative analysis, Stress Testing, and CECL models in a banking environment?

Work Location: One location

If you require alternative methods of application or screening, you must approach Bank of Hope directly to request this, as we're not responsible for the employer's application process.

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