64 Model Risk Officer Jobs in New York, NY
Federal Home Loan Bank of New York is Hiring a Model Risk Officer Near New York, NY
Essential Job Function:
- Perform annual reviews and validations of Bank significant and mission-critical models as well as validation of significant changes to these models.
- Participate in Modeling, Risk Management, Bank-wide and System-Wide projects and initiatives.
- Perform independent assessments of market and credit risk exposures.
- Screen and evaluate market information and pricing methodologies used among the Bank financial models and reporting systems.
- Serve as Model Risk Management's contact with Model Owners
- Perform reviews for non-mission critical models and EUCs as directed.
- Serve as Backup for Derivatives Fair Value, curve verification, prepayment reporting and derivatives analysis requests, as necessary.
- Serve as Backup for Investment Fair Value monthly pricing.
- Identify opportunities to improve process and procedures towards industry best practice and regulatory requirements such as FHFA AB 2013-07 and FHFA AB 2022-03.
Quantitative, analytic skills, able to use industry software's such as Bloomberg, Mortgage Product software, derivative software, Microsoft office products, programming such as python.
Experience:
More than 7 years' experience worked in financial industry with fixed-income products and securities, interest rate derivatives, mortgage pricing and credit, and financial entity rating as a focus.
Education:
MA or above in finance, mathematics, science or engineering required.
Salary:
$160,000 - $180,000
Skills:
Job Summary
Full Time
$101k-140k (estimate)
06/25/2024
07/13/2024
fhlbny.com
NEW YORK, NY
200 - 500
1932
$1B - $3B
Banking
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About Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York (FHLBNY) is a privately-owned wholesale bank that helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth. The FHLBNY membership is comprised of commercial banks, savings banks, savings and loans, credit unions, insurance companies and community development financial institutions. The FHLBNY is part of the Congressionally-chartered, nationwide Federal Home Loan Bank System, which was created in 1932 to provide a flexible liquidity source for member community lenders engaged in home mort...gage and neighborhood lending. The mission of the FHLBNY is to advance housing opportunity and local community development by maximizing the capacity of community-based member lenders to serve their markets. Since the FHLBNY is a secured lender, all of its credit products require real estate related collateral. The FHLBNY enables local lenders to extend affordable credit to their communities. Thanks to the Federal Home Loan Bank System, communities across the country have access to more affordable housing, small business, and community development programs.
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The following is the career advancement route for Model Risk Officer positions, which can be used as a reference in future career path planning. As a Model Risk Officer, it can be promoted into senior positions as a Credit Risk Officer III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Model Risk Officer. You can explore the career advancement for a Model Risk Officer below and select your interested title to get hiring information.
