Model Risk Governance Analyst
Company: Cathay General Bancorp
Location: El Monte
Posted on: September 1, 2025
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Job Description:
Are you enthusiastic, highly motivated, and have a strong work
ethic? If yes, come join our team! At Cathay Bank – we strive to
provide a caring culture that supports your aspirations and
success. We believe people are our most valuable asset and we
proudly foster growth and development empowering you to achieve
your professional goals. We have thrived for 60 years and
persevered through many economic cycles due to our team members’
drive and optimism. Together we can make a difference in the
financial future of our communities. GENERAL SUMMARY The Model Risk
Governance Analyst is responsible for the execution of key model
governance activities, a vital component of the Bank’s model risk
program. The position requires developing, maintaining and
operating a GRC Tool in support of required model governance
activates including model inventory maintenance, validation finding
workflows, model owner attestations, and model risk reporting. The
Model Risk Governance Analyst will also be responsible for ensuring
business processes related to models are followed; documenting and
presenting observations to the Model Risk Manager, tracking
remediation progress; coordinating model validations projects, and
preparing reporting dashboards. ESSENTIAL FUNCTIONS • Take overall
responsibility for a GRC tool (ModelEdge) implementation and
maintenance, a cornerstone of the Bank’s model risk management
program. ModelEdge houses the Bank’s centralized inventory of
models and User Defined Applications (UDAs) along with associated
information and supports the execution of Banks model risk
management program. • Provide Model Edge user support, enabling
model owners to maintain and access current information on their
models, documentation, model findings and performance monitoring
metrics. • Develop and produce reports in support of the execution
of the Bank’s model risk management program and reporting to
executives and Board committees. • Support the execution of the
model control framework including model identification, model risk
rating, finding issuance and remediation, and ongoing model
monitoring. • Lead the quarterly model attestation process with
model owners, a process designed to ensure model inventory data is
kept current, ensure coordination with model owners, and support
model risk assessments. • Manage workflows associated with model
validation findings including issuance, recording, reporting and
remediation. • Track model performance KRIs and prepare appropriate
dashboard and risk reporting. • Lead and maintain User Developed
Application identification and ongoing monitoring process. • Manage
third parties that conduct model validations on the Bank’s behalf.
Responsibilities include writing RFPs, specification of SOWs
consistent with Bank’s needs, vendor selection, coordination with
internal model owners and the review and acceptance of work
products. QUALIFICATIONS • Education: Bachelor’s degree in
Business, Economics, Finance, Accounting, or related field
required. • Experience: Prefer 2 years’ experience in Finance,
Risk, Accounting. Experience with Model Risk Management programs a
plus. Experience maintaining large data sets and Risk Reporting.
Experience with GRC tools (ModelEdge, Archer, Service Now, or
SharePoint is a plus. • Skills/Ability: Strong data manipulation
and management skills (Excel, SQL). General knowledge of banking
products. Strong analytical and reasoning skills. Good verbal and
written communication skills.
Keywords: Cathay General Bancorp, Covina , Model Risk Governance Analyst, Accounting, Auditing , El Monte, California
