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Wintrust

Community banking and wealth management provider

VP Model Risk Management

Quantitative RiskConfirmed live in the last 24 hours
Full-timeRosemont, IL, USA

About the Job

Requirements

  • 10-15 years of progressive experience in model development or model risk management within midsize or large U.S. financial institutions.
  • Deep knowledge of traditional statistical modeling methods, including ordinary least squares, logistic regression, and survival modeling.
  • Moderate knowledge of artificial intelligence and machine learning approaches, including gradient boosting models, neural networks, and k-means clustering; familiarity with performance evaluation metrics and techniques for large language models.
  • A PhD or Master’s in Mathematics, Statistics, Economics, Engineering, or another quantitative field related to Artificial Intelligence.
  • Strong programming skills in Python and experience with machine learning frameworks and data science libraries.
  • Strong analytical skills and written communication ability.

Responsibilities

  • Supervise a team of model validation experts validating bank-wide artificial intelligence, machine learning, statistical, econometric, mathematical, and qualitative (expert judgment) models in compliance with SR 26-02/OCC 2026-13, Model Risk Management policy, Artificial Intelligence policy, and internal procedures.
  • Perform validations of all types of models used by the organization and conduct some model validation work directly when required, including programming in Python.
  • Work with the Head of Model Risk Management to continually evolve validation practices, processes, and Model Risk Management policy.
  • Manage and implement a comprehensive model validation framework and process for all models in the inventory system, including artificial intelligence models.
  • Follow emerging trends in artificial intelligence technology and regulation and refine validation processes and artificial intelligence use policy when needed.
  • Collaborate with cross-functional teams to assess and enhance models in support of business strategy.
  • Deliver comprehensive management reports on individual and aggregate model risk.
  • Facilitate regulatory examinations and internal audits of the modeling process, and lead model governance sessions to ensure compliance and continuous improvement in model risk management practices.

About the Company

Wintrust

Community banking and wealth management provider

Wintrust is a financial holding company that coordinates a family of banks to offer community and commercial banking, wealth management, premium financing for insurance, and mortgage origination across 175+ locations in the Midwest and Florida. Customers access services through checking and savings accounts, loans and lines of credit, cash management, and investment advisory; premium financing spreads insurance payments over time; mortgage origination helps clients obtain home loans. It differentiates itself by serving distinct local markets with a broad set of tailored banking and financial services across a wide regional footprint. The company aims to provide accessible, comprehensive financial solutions to individuals and businesses while expanding its network of community banks and financial services.

Company size
1,001-5,000
Company stage
IPO
Headquarters
Rosemont, IL
Founded
1995

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