Sr Model Risk Governance Manager

Description GENERAL DESCRIPTION OF POSITION The Senior Model Risk Governance Manager leads in developing, implementing, and overseeing the company's model risk governance. This position is responsible for adhering to Model Risk Management (MRM) policy and framework by the model owners throughout the bank - emphasizing issue remediation, model performance monitoring, and requisite controls. The Senior Model Risk Governance Manager ensures models are appropriately identified, reviews critical spreadsheets, develops the aggregate model risk profile, and assists in the model risk assessment. ESSENTIAL DUTIES AND RESPONSIBILITIES 1. Establish, maintain, and oversee a model risk management framework and governance structure, partnering closely with key stakeholders across the enterprise. 2. Develop and implement company-wide standards supporting the model risk management framework. 3. Ensure thorough identification and clarity of ownership for models and related controls. 4. Conduct periodic model risk and control assessments using a broad, enterprise-wide perspective. 5. Oversight of ongoing model performance and management of findings, including issues tracking and escalation. 6. Develop and produce model risk reports for various audiences, such as: Board of Directors or a Committee thereof, Risk Committee, and other lines of business and management committees. 7. Create and execute project work plans and collaborate with lines of business to enhance model governance process. 8. Manage the model inventory and lead process improvements for the model risk management program. 9. Maintain regular status updates, and facilitate resolution/escalations of issues in a timely manner. 10. Create periodic reporting for the Board of Directors and/or a Committee thereof, Executive and Management Committees. 11. Assist in standardizing, automating, managing workflows, and adoption of the model risk management program throughout the enterprise. 12. Have the ability to understand and analyze complex quantitative models, risk, and controls involved in their usage throughout the enterprise. 13. Coordinate with lines of business and enterprise risk management in their interaction with regulators and external auditors regarding the model risk management program. 14. Assist, as applicable, with the development of data validation standards and assess data quality that feeds each model. 15. Assist in the development and support of an annual model review process. 16. Promote a risk-aware culture that ensures efficient and effective risk and compliance management practices by adhering to required standards and processes. 17. The ability to work in a constant state of alertness and in a safe manner. 18. Completes required BSA/AML training and other compliance training as assigned. 19. Perform any other related duties as required or assigned. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. EDUCATION AND EXPERIENCE Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 5 years related experience and/or training, and 12 to 18 months related management experience, or equivalent combination of education and experience. COMMUNICATION SKILLS Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community. MATHEMATICAL SKILLS Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis. CRITICAL THINKING SKILLS Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal, logical or scientific symbolism such as formulas, scientific equations, and graphs. Ability to deal with a variety of abstract and concrete variables. REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS Not indicated. PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS Not indicated. SOFTWARE SKILLS REQUIRED Advanced: Spreadsheet, Word Processing/Typing Intermediate: Accounting, Database, Presentation/PowerPoint Basic: Alphanumeric Data Entry, Programming Languages RESPONSIBILITY FOR WORK OF OTHERS Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities may include but not limited to interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding and disciplining employees; addressing complaints and resolving problems. Supervises a small group (1-3) of employees in the same or lower classification. Assigns and checks work; assists and instructs as required, but performs same work as those supervised, or closely related work, most of the time. Content of the work supervised is of a non-technical nature and does not vary in complexity to any great degree. Supervises the following departments: Model Risk Management WORKING CONDITIONS Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable. ENVIRONMENTAL CONDITIONS The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. PHYSICAL ACTIVITIES The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations. Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making. While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel; regularly required to reach with hands and arms, talk or . The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision; and color vision. ADDITIONAL INFORMATION Preferred education and experience: - Bachelor's or Master's degree in finance, mathematics or statistics