Manager, Model Risk Management
Byline Bank
full-time
Posted on:
Location Type: Hybrid
Location: Chicago • Illinois • 🇺🇸 United States
Visit company websiteSalary
💰 $72,000 - $90,000 per year
Job Level
Mid-LevelSenior
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)
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
model risk managementmodel developmentmodel validationrisk assessmentkey performance indicatorsanalytical skillsnumerical skills
Soft skills
proactivecommunicationanalytical thinkingpresentation skillsteam orientationcollaboration