Model Risk Manager - Administration, Ridgeland, MS

General Position Statement:   The Model Risk Manager reports directly to the Director of Enterprise Risk Administration. This position works with regulatory agencies, audit professionals, compliance personnel, and all levels of Senior and Executive Management within the Bank to oversee model risk governance, validation, and compliance with regulatory requirements. The Model Risk Manager will support the Director of Enterprise Risk Administration, to include, but not limited to Assessments, Risk Appetite, Risk Mitigation, Metrics, Controls, Enterprise Risk Reporting, and Risk Strategic Planning. Areas of risk penetration include Operational, Compliance, Credit, Liquidity, Market/Interest Rate, Reputation, Strategic, and Technology/Information Security.   Duties and Responsibilities: Deep understanding of banking regulations, stress testing, credit risk, market risk, and operational risk models. Knowledge of regulatory guidance on model risk management. Strong quantitative and analytical skills, with expertise in statistical modeling, machine learning, or econometrics. Define, identify, and maintain an accurate inventory of all BankPlus’ models. Understanding of model development lifecycle, validation techniques, and back-testing methodologies. Report model validation results to Management and Board Committees on a quarterly or as needed basis. Ensures model risk management includes disciplined model development and implementation processes that are consistent with the situation and goals of the Bank. Ensures appropriate model risk mitigation methods are employed, based on risk and related loss exposures, to include the use of insurance, contractual liabilities and warranties, etc., or other appropriate means of risk control, avoidance or transfer Stay abreast of all relevant economic, regulatory and market trends that may be occurring in order to recognize and mitigate upcoming risks that may be on the horizon. As needed, work with third party consultants to provide guidance in the mitigation of overall institutional risk that might exist or occur. Support the Director of Enterprise Risk Administration with the following risk areas: Credit, Liquidity, Market/Interest Rate, Operational, Compliance, Reputation, Strategic, and Technology/Information Security. Support and assist with oversight of Business Lines including all traditional Commercial and Consumer Banking activities, Wealth Management, Insurance, and Mortgage Banking (Retail, Wholesale and Servicing). Ensures the risk management systems, whether maintained by Enterprise Risk Administration or other staff or line functions, operate in a manner to effectively identify, evaluate, monitor and control risk and that appropriate measures are taken to mitigate potential losses from identified risks. Familiarity with risk management software and databases. Maintain a thorough knowledge of Bank products, services, policies, procedures and appropriate regulatory issues as related to daily job functions including but not limited to: Bank Secrecy Act; Privacy Act; Fair Lending Act; Regulation E, etc. Complete required compliance training and adhere to the Bank’s standard of conduct.   Position Requirements:   Bachelor’s degree in related field Minimum of 5 years model risk management, model validation, quantitative analytics, or a related field within banking or financial services. Experience with regulatory frameworks such as SR 11-7, Basel III, or CECL preferred. Prefer completion of continuing education in Banking Schools preferred (i.e., SMU Graduate School of Banking, LSU Graduate School of Banking, Stonier, BAI, etc.) Thorough knowledge of banking operations Working knowledge of bank information technology systems and controls, lending and credit risk management, and bank legal and regulatory compliance guidelines and regulations Working knowledge and understanding of investments and investment strategies and vehicles available to financial institutions