Senior Analyst Model Risk

NationwideRemotesenior

OtherAnalyst

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Quick Summary

Key Responsibilities

Partner with second-line enterprise risk and application teams to define, document, and build machine learning and AI model governance policies, processes, controls, and governance tools.

Technical Tools

OtherAnalyst

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.

The Sr Analyst Model Risk will identify, assess, and manage model risks associated with machine learning, generative AI, advanced analytics, and emerging technologies. This individual contributor will support the Director, Technology Risk by executing risk assessments, performing independent review and challenge, and partnering with technology, data science, product, engineering, and business teams to help ensure AI and machine learning solutions are designed and operated in a safe, ethical, and compliant manner. The role will operate within established risk frameworks and governance structures and help embed risk controls throughout the AI and machine learning lifecycle.

Responsibilities

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Partner with second-line enterprise risk and application teams to define, document, and build machine learning and AI model governance policies, processes, controls, and governance tools.
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Execute model risk assessments for machine learning, generative AI, and advanced analytics solutions across the design, development, deployment, and monitoring phases.
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Perform independent risk review and challenge of AI and machine learning models, including data sourcing, training approaches, validation methods, and ongoing performance monitoring.
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Support the establishment and ongoing execution of AI and machine learning model risk governance, standards, and control frameworks in alignment with the Enterprise Risk Appetite Framework.
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Partner with engineering, data science, product, and business teams to identify risks and embed effective controls into AI and machine learning systems and processes.
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Assess and support the management of third-party and vendor model risks associated with AI platforms, tools, models, and data sources.
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Prepare clear and concise model risk documentation, assessments, and recommendations for review by the Senior Manager and risk governance forums.
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Monitor emerging regulatory guidance, industry standards, and best practices related to AI, model risk, and responsible AI.
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Contribute to model risk metrics, reporting, and materials presented to leadership, risk committees, and second-line partners.
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Exercise independent judgment when conducting model, technology, and AI and machine learning risk assessments within established frameworks.
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Provide risk recommendations, control feedback, and issue identification to the Director, Technology Risk.
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Escalate significant risks, control gaps, or issues in accordance with defined risk thresholds.
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Contribute analysis and recommendations related to risk acceptances without holding formal approval authority.

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Deep hands-on expertise in models, technology, and AI and machine learning risk.
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Strong analytical judgment.
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The ability to translate complex technical risks into clear, actionable insights.

This job operates in a professional office environment.

This job description is not intended to be an exhaustive list of all duties, responsibilities and qualifications of the job. The employer has the right to revise this job description at any time. You will be evaluated in part based on your performance of the responsibilities and/or tasks listed in this job description. You may be required to perform other duties that are not included on this job description. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason, as per terms and conditions of your employment contract.

What We Offer

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We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

✓Medical, dental, vision and life insurance

✓Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup

✓Tuition reimbursement up to $5,250/year

✓Business-casual environment that includes the option to wear jeans

✓Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year

✓Paid volunteer time — 16 hours per calendar year

✓Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)

✓Business Resource Groups (BRGs) – BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.