Overview
* May Consider Full Time Teleworking for this position.*
The Assistant Vice President, Model Governance Analyst is responsible for assisting the Bank’s Model Risk Management Department with its framework and standards, model and non-model/tool inventory and reviews, model and tool onboarding process, meeting materials, model and tool governance, and project management.
Responsibilities
- Update, review and maintain model and tool inventories to ensure all required information in the inventories are updated, included and accurate.
- Assist Model Risk Management Department in identifying models and tools used in the bank, communicating with stakeholders and preparing model vs.
tool related documents.
- Assist in new model and tool on-boarding process.
- Assist in tracking model validation and review schedules, including communication on reports past due.
- Assist in collecting, coordinating, preparing and distributing meeting materials (including preparing meeting minutes) for the Model Governance Committee
- Assist in tracking findings monitoring reports, tracking logs, and completion of the corrective actions, including related documentation.
- Support senior managers to communicate requirements from Model Risk Management Department to model/tool owners and users.
- Assist in tracking items that are out of compliance and create related documentation.
- Ensure that exceptions are resolved within agreed-upon timeframe.
- Provide project or document management assistance to the team.
- Perform other duties as assigned.
Qualifications
Required:
- Minimum of 5 years of banking industry, auditing or consulting experience required.
- Minimum of 2 years of experience in model risk management or risk management required.
- Bachelor’s degree in a related field required.
- Knowledge of model governance requirements in the Federal Reserve’s Supervisory Letter SR 11-7
- Detail oriented
- Strong written and verbal communication skills
Preferred:
- Master’s degree preferred.
- Knowledge of VBA, R, Python preferred