New York Power Authority · 3 hours ago
Model Risk Analyst
White Plains, US
Full-time
Onsite
Entry, Mid Level
$74K/yr - $102K/yr
2+ years expNew York Power Authority is seeking a Model Risk Analyst to perform quantitative and qualitative analysis on models and assessments of their risks. The role involves coordinating with business units for model testing, managing the model inventory, and ensuring compliance with risk policies and procedures.
ComputerConsumer ElectronicsElectronicsEnergyGovernmentRenewable Energy
Responsibilities
Perform quantitative and qualitative analysis on model risk and other types of risk inventories to identify underlying relationships and assist in the risk roll-up/alignment process
Work with the Enterprise and/or Operational Risk team, NYPA management, and staff to facilitate the Model Risk Management and broader risk management process for risk identification, definition, assessment, analysis, mitigation, and monitoring throughout NYPA
Generate risk reports for various levels of the organization including the Executive Risk Management and Resilience Committee (ERRMC)
Work with Enterprise and Operational Risk leadership to ensure effective alignment of the enterprise and operational processes with Internal Audit, Internal Business Controls, and Compliance
Assist Enterprise and Operational Risk Management team (EORM) in the development of training materials and assist in conducting enterprise and/or operational education/training to various levels of NYPA Business Units management and staff
Update, maintain and ensure compliance with NYPA’s model and other risk frameworks, policies, procedures, and other associated risk management documentation
Provide support on the implementation and on-going operation of the Governance, Risk, and Compliance (GRC) software module specific to the model risk programs
Coordinate the resolution of risk software problems with the vendor or the NYPA IT department as needed Perform regular updates to the model risk and other risk repositories and perform risk assessments using reporting tools to ensure integrity of the repository database
Create and maintain up-to-date meeting minutes, reports and related materials for the Enterprise and Operational Risk website
Work with senior EORM Team members to establish and implement the Enterprise and/or Operational Risk task level schedule to ensure timely delivery of assigned work products
Qualification
Required
Perform quantitative and qualitative analysis on models and assessments of their risks, coordinate with the business units to conduct testing of critical models and document results
Manage the model inventory in the company's governance solution, ensure timely updates of forms and questionnaires, maintain ongoing contact with model owners and reviewers, and oversee adherence to model and other risk policies and procedures
Supports the development of tools and techniques to facilitate ongoing model enhancement for the organization
Perform quantitative and qualitative analysis on model risk and other types of risk inventories to identify underlying relationships and assist in the risk roll-up/alignment process
Work with the Enterprise and/or Operational Risk team, NYPA management, and staff to facilitate the Model Risk Management and broader risk management process for risk identification, definition, assessment, analysis, mitigation, and monitoring throughout NYPA
Generate risk reports for various levels of the organization including the Executive Risk Management and Resilience Committee (ERRMC)
Work with Enterprise and Operational Risk leadership to ensure effective alignment of the enterprise and operational processes with Internal Audit, Internal Business Controls, and Compliance
Assist Enterprise and Operational Risk Management team (EORM) in the development of training materials and assist in conducting enterprise and/or operational education/training to various levels of NYPA Business Units management and staff
Update, maintain and ensure compliance with NYPA's model and other risk frameworks, policies, procedures, and other associated risk management documentation
Provide support on the implementation and on-going operation of the Governance, Risk, and Compliance (GRC) software module specific to the model risk programs
Coordinate the resolution of risk software problems with the vendor or the NYPA IT department as needed
Perform regular updates to the model risk and other risk repositories and perform risk assessments using reporting tools to ensure integrity of the repository database
Create and maintain up-to-date meeting minutes, reports and related materials for the Enterprise and Operational Risk website
Work with senior EORM Team members to establish and implement the Enterprise and/or Operational Risk task level schedule to ensure timely delivery of assigned work products
Working knowledge of various types of risk including Model, Operational, Asset, Project and Enterprise level risks
General knowledge of Enterprise-wide risk management program development and implementation; including best practices, frameworks, and associated software systems
General knowledge of Internal Audit and Internal Business Controls practices
General understanding of the fundamentals of probabilistic scenario analysis and analysis techniques the associated application to risk management
Proficient in spreadsheet and/or statistical analysis packages. Working knowledge of Access, Word, PowerPoint, statistical software, and MS Project
Understanding of enterprise risk management best practices as they apply to the energy/utility industry
Ability to prepare and deliver clear and concise summaries and insights with assistance from senior specialists and director
Bachelor's degree in Business Administration, Finance, Accounting, or Economics
Preferred
A minimum of 2 years directly relevant experience with risk analysis, integration of business processes and development/implementation of enterprise risk programs is preferred
Company
New York Power Authority
New York Power Authority is the largest state public power organization,producing some of the cheapest electricity.
1001-5000 employees
H1B Sponsorship
New York Power Authority has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (28)
2024 (32)
2023 (26)
2022 (22)
2021 (14)
2020 (11)
Funding
Current Stage
Late StageLeadership Team
Justin E. Driscoll
President and Chief Executive Officer
Joseph Kessler
Executive Vice President, Chief Operating Officer
Recent News
Central New York Business Journal
2025-10-31
New York State Office of the Governor
2025-10-26
Company data provided by crunchbase