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Model Risk Manager Job in Columbus, Ohio US

Model Risk Manager

FIRST MERCHANTS BANK NA - Columbus, OH

Posted: 9/28/2022 - Expires: 12/27/2022

Job ID: 247612587

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Job Description

Description
Position Goals:

Oversee and manage the Bank's Model Risk Management (MRM) program. Assist model developers, owners, users, Senior Management, and other stakeholders to implement and comply with the MRM policy and procedures, including those related to the development, implementation, use, validation, monitoring, and maintenance of models used throughout the bank.

Essential Duties and Responsibilities:

Ensure timely and accurate implementation of model validations, annual reviews, and ongoing monitoring.
Conduct model validations and annual reviews as needed.
Maintain the model inventory, including the model risk classification, development, testing, analysis, validation, use, performance monitoring, and issue and change management artifacts. Ensure accuracy, completeness, and timeliness of information in the model risk management system of record (Archer).
Review and approve model risk classifications, model documentation, model use and restrictions, model validation and annual review reports, performance monitoring indicators, model issues and action plans.
Assess policy waiver requests.
Manage the annual attestation process.
Chair the Model Risk Management team.
Report and communicate the status of Model Risk Management program to the Enterprise Risk Management Committee (ERMC) at least quarterly, including model issues and action plans, significant or emerging model risks or concerns, and the overall level and direction of individual and aggregate model risk.
Stay up to date on regulatory expectations and standard industry practices related to model risk management.
Provide model risk management training, guidance, and advisory services.
Demonstrate proactive model risk management including effective challenge.
Actively support the ERM function of risk oversight and business partner collaboration in other projects as needed.

Position Requirements:

Education -  Bachelor's degree in business, risk management, economics, math, statistics, or related.

Experience -  A minimum of three (3) years' experience in model use, development, risk management, model validation, or related.

Other -  Expert level Microsoft Excel experience, and/or relevant programming languages such as Python, R, SQL, or SAS

Preferred Requirements:

Familiarity with Python, R, MATLAB, SQL, SAS, or other relevant languages.

Qualifications
Education
Bachelors of Economics (required)

Experience
A minimum of three (3) years' experience in model use, development, risk management, model validation, or related.  (required)
Expert level Microsoft Excel experience, and/or relevant programming languages such as Python, R, SQL, or SAS (required)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

First Merchants Bank is an Equal Opportunity Employer and E-Verify participant (M/F/D/V).

Job Summary

Employment Type:
Full Time Employee
Job type:
Federal Contractor
Skill Based Partner:
No
Education Level:
Bachelor's degree
Work Days:
Mon, Tue, Wed, Thu, Fri
Job Reference Code
69809212
Salary
N/A
Licenses / Certifications:
N/A
Display Recommended WorkKeys®Recommended WorkKeys®:
N/A