Senior Quantitative Analyst - Model Risk Management

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years).

• Competitive pay and discretionary or incentive bonus eligible.

• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few.

• Promote from within culture.

Why join this team?

• We foster an inclusive environment for an individual to grow and work independently.

• Opportunity to interact with management level, experienced professionals - higher visibility.

• Wintrust has a great culture that comes from the top down.

• Gain experience and further your career by joining a growing organization.

Position Overview

The Sr. Quantitative Analyst in the Model Risk Management team will conduct various activities related to enterprise model risk validation and model governance. This individual is accountable for independently validating the technical and functional soundness for bank-wide models including CECL, Stress Testing, Anti-Money Laundering, Economic Sanctions, Customer Risk Ratings, Fair Lending as well as valuation models.

What You’ll Do

• Independently validate bank-wide statistical/econometric/ mathematical/AI/Machine Learning and qualitative (expert judgment) models in compliance with SR 26-02/OCC 2026-13 and Model Risk Management (MRM) policy and procedures.

• Develop and implement validation approach and benchmark models commensurate with the model risk tier. Perform testing and analysis to assess models for conceptual soundness, implementation accuracy, data integrity, governance and performance, including back testing, sensitivity analysis, scenario analysis, benchmarking.

• Prepare and document validation reports, including testing, findings, conclusions, and actionable recommendations for model owners and management in-line with MRM standards.

• Maintain status updates and collaborate with model developers and business stakeholders to address identified issues in a timely fashion.

• Use MRM Model Validation tool to perform model validation activities.

• Manage activities related to model governance and assist VP, model risk management in creating reports for the senior management, executive management, risk committees, and regulatory exams.

• Recommend new ways to automate/improve the end-to-end validation process.

Qualifications

• 1-3 years of experience related to data science, machine learning models, model development, and validation experience related to credit risk (Consumer and Commercial), Liquidity, Compliance (BSA/AML, Fair Lending), CECL.

• PhD or Master’s in Mathematics, Statistics, Economics, or other quantitative field. 1-2 years of experience with Python.

• 1-2 years of experience with Python

• Preferable skillset: some experience with AI models

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

Compensation

The estimated salary range for this role is $90,000-$110,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.

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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life.  To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.  Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.