Model Risk Management Analyst

Date
03/30/2016
Location
Westbury, NY
Compensation
$100,000.00 - $110,000.00

Job Function:

JOB SUMMARY

 

Model Risk Management Analyst supports the implementation and execution of Bank wide model risk management policies and procedures, including model governance and performance monitoring, in conformance with regulatory guidance. This includes the review of complex models used within the organization, model documentation protocols, development and maintenance of model risk reporting and maintenance of the model inventory. The analyst assesses model risks and limitations, makes recommendations, follows up and tracks ongoing model risk issues.

 

ESSENTIAL FUNCTIONS

 

Provides independent review of model validations, effectively assessing the validity of issues raised and methodological approaches for the proper resolution of these issues. Reports regularly to the Model Risk Manager on the compliance of the model risk management program, including policies and procedures, with respect to its progress, working issues, and challenges. Develops and maintains effective partnerships with the model analysts, model owners, business level risk management teams and auditors, internal and external. Provides recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team. Assists in the review and validation of model performance and controls, including establishing the model validation scope, assessment of validation results and directing communication with stakeholders. Assists in the development and maintenance of the model inventory ensuring the inventory is complete, accurate, and consistent with the intent of the Model Validation Policy.

 

 

Requirements:

EDUCATION AND EXPERIENCE

 

An advanced degree such as an M.S. or PhD in Economics, Finance, Mathematics, Computational Finance or related fields. Advanced bank risk management experience preferred and may substitute for a PhD degree. Three to five years of experience developing and/or validating financial models.

 

KNOWLEDGE, SKILLS AND ABILITIES

 

Knowledge of CCAR stress testing regulations and requirements. Knowledge of banking and credit risk including key risk drivers. Knowledge of basic risk management concepts and principles, valuation of basic instruments and basic accounting principles.

Contact Details:

Dan Alzapiedi   914-595-5746

dalzapiedi@tmdg.com