Model Risk Manager
Associated Bank
full-time
Posted on:
Location Type: Hybrid
Location: Milwaukee • Wisconsin • United States
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Salary
💰 $141,890 - $243,240 per year
About the role
- Perform as Model Risk Management expert for all Business Lines; provide objective and independent support, challenge and guidance on Model Risk Programs and risk management practices.
- Lead the Model Risk Management Team and Program / Framework, ensure quality implementation, comprehensiveness and value to Business Lines, and continue to strategically advance the Framework in line with organizational needs, scale and regulatory requirements.
- Ensure ongoing oversight and deliverance of an effective risk management monitoring program through review, metrics, analysis and preparation of qualitative/quantitative risk assessments and reporting.
- Remain current with Model Risk regulatory guidance and industry best practices as well as emerging industry-wide risks via public domain, industry-specific organizations, and internal contacts.
- Provide leadership, tactical support and expert risk advisory on various Business Line and/or Company-wide initiatives and projects; use sound risk-based decision making, experience and judgment in responding to inquiries of moderate to high risk and complexity.
- Lead and/or actively serve on corporate governance committees/forums/working groups on behalf of the Risk Management function.
- Be a liaison with independent testing and regulatory bodies for review and oversight along with support of Senior Risk management for committee and board reporting.
- Provide training, development opportunities and professional guidance including risk appetite statements, risk assessments, and other operational risk as defined.
Requirements
- Bachelor’s degree—or an equivalent combination of education and experience—in Audit, Compliance, Risk, Business Administration, Finance, Economics, or Accounting required.
- 8+ years financial services industry with some specific senior-level responsibilities related to Model or Operational Risk Management programs and practices; advanced understanding of operational risk, related control frameworks and practices, and existing and pending regulatory requirements.
- Less than 2 years Project Management or Leadership covering cross-functional projects with proven ability to develop and execute tactical plans - Preferred
- Less than 2 years Interacting with and influencing leadership - Preferred
- Various Risk Management Related Certifications Preferred.
Benefits
- Retirement savings including both 401(k) and Pension plans.
- Paid time off to volunteer in your community.
- Opportunities to connect with others through our diversity-focused Colleague Resource Groups.
- Competitive salaries with professional development and advancement opportunities.
- Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
- Personal banking, loan, investment and insurance benefits.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
Model Risk Managementrisk management practicesrisk assessmentsquantitative risk assessmentsqualitative risk assessmentsoperational riskcontrol frameworksregulatory requirementstactical plansrisk appetite statements
Soft Skills
leadershiptactical supportrisk-based decision makingcommunicationinfluencing leadershiptrainingdevelopment opportunitiescollaborationproblem-solvingstrategic thinking
Certifications
Risk Management Related Certifications