Manager, Model Risk Management
Global Credit Union
full-time
Posted on:
Location Type: Hybrid
Location: Anchorage • Alaska • United States
Visit company websiteExplore more
Salary
💰 $100,331 - $172,572 per year
About the role
- Responsible for the development and implementation of model risk policies, procedures, and processes in line with industry standards and regulatory best practices.
- Coordinate with First Line risk and compliance teams to facilitate model risk management practices and execution of the credit union’s Model Risk Management program.
- Identify and maintain model inventories, conduct risk assessments, and develop model risk metrics.
- Monitor, report and communicate model risk findings.
- Provide independent second-line assessment and effective challenge in the credit union’s capital planning and stress testing models, economic / stress scenarios, capital adequacy, and specific risk areas such as liquidity, interest rate, and credit, based on the credit union’s risk profile.
- Coordinate with third parties on their model validation.
- Independently conduct hands-on validation and testing throughout the model development process.
- Partner with subject matter experts and leaders to ensure execution of requisite control activities.
- Keep track of the remediation progress and final validation before closure in the credit union’s GRC platform, LogicManager.
- Enhance policies and procedures, assist with model governance activities.
- Produce model risk reports for applicable committees and senior/executive management.
Requirements
- Bachelor’s degree in mathematics, statistics, information technology, business, economics, finance, or related fields.
- 5+ years’ experience in risk management processes, model development / validation, consulting, banking or other financial services industries.
- Experience in a similar position with direct experience in model risk management, financial analysis regulatory compliance, enterprise risk management, and second-line challenge functions.
- Ability to communicate effectively both orally and via written reports and analysis.
- Familiar with modelling tools and methodologies used in the industry.
Benefits
- Short-term and long-term incentives
- Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
- 401(k) plan with a 5% match
- Employee Assistance Program (EAP)
- Life and disability coverage
- Voluntary cash benefits for accident, hospitalization and critical illness
- Tuition Reimbursement
- Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
model risk managementmodel validationrisk assessmentsfinancial analysiscapital planningstress testingmodel governancemodel developmentregulatory complianceenterprise risk management
Soft Skills
communicationcollaborationindependent assessmentproblem-solvingreporting