Key Responsibilities
- Responsible for execution of model governance including administration of the Model Risk Management committee, issue management, risk assessments, maintaining of model inventories, monitoring of model performance and model risk metrics, and reporting of model risks.
- Lead the rollout and maintenance of non-model tool / EUC governance by maintaining non-model tool standard, identifying and defining scope for non-model tools, evaluation of tools and determining applicability, and tracking the non-model tool inventory.
- Conduct due diligence on non-model tools and document review results.
- Perform validation and testing of models and/or non-model tools, and document review and findings.
- Author the Key Risk Metrics report for Model Risk Management and execute related controls.
- Drive MRM program related issue management process. Coordinate with FLCUs, aggregate and input model risk issues into Logic Manager, keep track on the remediation progress and final validation before closure
Requirements
- Bachelor’s or master’s degree in econometrics, statistics, finance or other business related discipline.
- 7+ Model Governance or related experience within commercial banks or financial institutions. Skills include model/tool identification, non-model tool / EUC governance Policy and Procedures, risk assessment, validation and issue management, and model KRIs, etc.
- In-depth business knowledge and familiarity with consumer/small business/commercial banking products, operations and processes
- Experience and familiarity with common risk modelling tools and various risk stripes including credit, treasury, BSA/AML/fraud systems, AI/ML, etc.
- Excellent verbal and written communication skills,
