Manager of Risk Managment

JOB DESCRIPTION

WHY IS THIS A GREAT OPPORTUNITY?

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Key leadership position with one of the largest, strongest and oldest Banks in the midwest.

JOB DESCRIPTION

This position is responsible for managing the Company’s Model Risk Management Function in conformance with SR Letter 11-7 – Supervisory Guidance on Model Risk Management.  In this capacity, the position will be responsible for the maintenance and oversight of the Company’s Model Risk Management Program and for establishing various model risk procedures and documentation standards.   The position will perform independent validations of models or will engage outside vendors to assist with validation work as necessary.  A key role in model oversight will be working on stress test models in the risk areas of credit, business unit results, asset/liability and operational risk.  The position will interact with other business partners including Finance, IT, Credit Administration and other executive management to maintain current knowledge of all models used.  This position will maintain current understanding of all applicable regulations especially in the areas of stress testing and model risk management.
The position reports to a Director level.

QUALIFICATIONS

10 + years in model development (building, testing, documentation, implementing) or validation of models
Strong understanding of the financial services industry
Technically proficient in modeling concepts and related quantitative discipline
Strong understanding of credit risk, operational risk, asset liability management, with particular emphasis in credit products, credit markets and credit related models.
Demonstrate ability to communicate results of complex analyses with individuals who have various levels of technical expertise.
Demonstrate ability to build effective relationships

Total Years of Experience:
9-10+