Hybrid Manager, Model Risk Management

Posted last month

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About the role

  • Support the Enterprise Risk Management (ERM) team in ongoing enhancement of the Model Risk Management Program
  • Manage and enhance as necessary the model risk identification and risk assessment process
  • Manage the model inventory and model findings/issues resolution
  • Develop and maintain the model risk appetite statement and related key performance indicators
  • Prepare model risk reporting for senior management and the Board of Directors
  • Conduct model validations as necessary and manage third-party validation efforts
  • Coordinate model risk activities across bank departments
  • Lead the Model Risk Committee and Working Group
  • Keep abreast of and respond to regulatory developments and industry best practices
  • Represent the Risk Department in strategic initiatives, such as new product rollouts, product enhancements, and significant system changes
  • Partner with Business Units to drive a strong risk and control culture to the First Line of Defense
  • Assist in the development and delivery of Risk training for business units (Risk awareness, 1LoD responsibilities, Risk Assessments)
  • All other duties as assigned

Requirements

  • Bachelor’s Degree or equivalent work experience
  • 5+ years of relevant experience working in model risk management, model development or related areas in financial services
  • Strong understanding of model risk management and what constitutes an effective model risk management program
  • Solid understanding of the FDIC model risk regulation (FIL-22-2017) as well as regulatory guidelines and industry best practices for model risk management and model validation
  • Strong analytical background and numerical skills
  • Proactive and able to act on their own initiative
  • Deliver high quality outcomes
  • Ability to communicate, analyze, articulate, and present complex issues clearly and concisely both verbally and in writing
  • Strong team orientation and ability to collaborate effectively with Business Units
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
  • Must be authorized to work in the United States; role is not eligible for visa sponsorship now or in the future

Benefits

  • Medical coverage
  • Dental
  • Vision
  • Disability insurance
  • 401k
  • Paid time off
  • Discretionary bonuses and other benefit programs
  • Competitive industry rate salary bands
  • Hybrid work environment (combination of remote and in-office work)

Job title

Manager, Model Risk Management

Job type

Experience level

Mid levelSenior

Salary

$72,000 - $90,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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