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Model Risk Management Analyst

Bank of Hawaii

Oahu, HI
Job Code:
Bank of Hawaii
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Job Details

Model Risk Management Analyst-1700836

Bank of Hawaii

In 1897, Bank of Hawaii was the first chartered and incorporated bank in the Republic of Hawaii. We’ve been here from territorial days, growing and changing with Hawaii. Today, we are the largest independent bank in Hawaii – a result of knowing our business and community, and always staying ahead of change. At Bank of Hawaii, we think of ourselves as forward thinking pace setters. We are constantly finding creative ways to deliver leading edge financial services to our customers.  Now more than ever, we’re embracing change while using data and analytics to make informed decisions about our future.


It’s our analysts who help us succeed in finding and interpreting information and turning that information into actionable decisions.  As a member of the Bank of Hawaii community, you will be among the very best in your profession in an environment that places a high value on integrity, innovation and teamwork.  People who are agile, savvy, forward-thinking and entrepreneurial can learn and grow with us.


Does this sound like you?

Do you enjoy partnering with business units and providing a wide range of analysis?  Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver?  Are you a self-starter, comfortable with interpreting data into useful analytics?  If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader – Bank of Hawaii.  You will work with the business to ensure the highest standards of stewardship and control are maintained, all while driving continuous improvement and innovation. Welcome to your tomorrow!


A day in your life as a Model Risk Management Analyst

Model Risk Management is a department within Corporate Risk tasked with ensuring bank adherence to the Model Risk Management (MRM) Policy, in compliance with regulatory guidelines as set forth in SR 11-7 (Supervisory Guidance on Model Risk Management) and other applicable regulatory expectations. Model Risk Management has enterprise-wide oversight responsibility and reporting of model risk to the bank, including conducting independent validations of all BOH models. MRM provides input and guidance to the Business Units on their compliance with the Model Risk Management Policy, presents model validation findings and recommendations to the model governing committees, maintains the Model Inventory, and reports on status of the program to the Model Risk Management Committee. Assists the MRM Manager with various Department responsibilities. If applicable or appropriate, assists in business unit’s compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.   


We’ll give you these important responsibilities…

  • The MRM Analyst is a member of the MRM team that effectively challenges Bank and vendor models through formal model validations or a review of third party validations.  May assist on all aspects of the independent model validation activities and projects including: conducting statistical tests and analysis on models, re-performing model builds or developing challenger models, conducting research and investigation, analyzing data and statistical outcomes using key metrics, evaluating effectiveness of processes and documenting evidence and conclusions. Also assists in identifying, evaluating, and documenting emerging model risk or model issues which may impact the Bank from the aggregate validation information.
  • Helps to coordinate the annual model risk assessment process and updates to the enterprise-wide model inventory with new data or information on Bank models. Assists with the Business Unit consultation on remediation plans for model findings, including evaluating effectiveness of the fix.  Will be responsible for updating and reporting on status from the Model Validation Findings database on a quarterly basis.  Writes and/or edit sections of the governance committee presentations or model validation documentation and may participate on presentations.
  • Develops and champions industry standards and best practices for modeling techniques at the bank through presentations, conferences, networking, and educational forums.
  • Performs all other miscellaneous responsibilities and duties as assigned.



…if you come to us with these qualifications…


  • Bachelor’s degree in a quantitative discipline such as Finance, Economics, Science, Mathematics, Engineering, or Statistics.
  • Other fields considered, if relevant.



  • 0 - 3 years in a quantitative field using knowledge of statistics, economics, business/finance, mathematics, engineering, science, or modeling techniques. 
  • Relevant experience from internships, student assistance or the Bank Associate program may be considered in substitution, as well as a balance of higher education with strong technical skill sets.



  • Willingness and ability to learn or current expertise with personal computers in a secured networked environment and Microsoft applications (Outlook, Word, Excel, Access, and PowerPoint) or similar software. 
  • Knowledge of or ability to learn Bank software and systems and at least one statistical, math, economics, or science package (such as SAS, EViews, Mat Lab, SPSS, R or Stata) or use of related Excel add-ons.


Other Job Qualifications:

  • Excellent communications skills, both oral and written, are essential as well as good interpersonal skills. 
  • Ability to participate in presentations and communicate complex ideas concisely for all audiences. 
  • Strong conceptual and quantitative problem solving skills and demonstrated curiosity in researching and evaluating the bank’s lines of business, models, systems, and operations. 
  • Motivated to work independently and efficiently under time constraints or multiple tasks. 
  • Able to work flexible hours including holidays, weekends and evenings as needed or assigned.


All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of any legally protected classification including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status.  Bank of Hawaii takes affirmative action in support of its policy to advance in employment legally recognized individuals including minorities, women, protected veterans and individuals with disabilities.

Job Function Compliance/Risk Management
Primary Location Hawaii-Oahu
Schedule Full-time
Job Posting Oct 4, 2017, 10:11:59 AM
Unposting Date Ongoing
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