Global Credit Union

Manager, Model Risk Management

Global Credit Union

full-time

Posted on:

Location Type: Hybrid

Location: Glendale • California • United States

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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.
  • Research, develop, and maintain knowledge and skills through completion of continuing education and training pertinent to the position.
  • Participate as needed on special projects and other duties as assigned.

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
  • Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered
  • Ability to communicate/influence complex issues
  • Flexible approach to new projects, requirements, and workplace demands
  • Familiar with modelling tools and methodologies used in the industry
  • Ability to think outside the box, and design scalable, efficient solutions
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 developmentmodel validationrisk assessmentsfinancial analysiscapital planningstress testingdata analyticsmodel governanceregulatory compliance
Soft Skills
effective communicationjudgmentproblem-solvingflexibilityinfluencecollaborationcritical thinkinganalytical skillsattention to detailproject management