What are the responsibilities and job description for the Model Risk Governance Manager position at City National Bank?
MODEL RISK GOVERNANCE MANAGER WHAT IS THE OPPORTUNITY? Model Risk Governance manager leads the operation of model risk governance program within City National Bank's (CNB's) Enterprise Risk Management (ERM) program. As a member of a dynamic team, MRGA is responsible for managing day-to day operational and tactical aspects of multiple projects in support of the model risk management group, including model validation governance, upkeep of governance documentation and model risk reporting. This position will work collaboratively with Enterprise Model Risk Management Governance team and will report to Manager of CNB Model Risk Management Group. Responsibilities may include model validation of bank-wide models on a case-by-case basis. What you will do
- Support MRM Manager in ensuring the CNB's model inventory is complete and up to date. Assist the team in managing the group's model validation pipeline; focusing on proactive management of business priorities, compliance dates and regulatory requirements. Support the governance of model validation activities for CNB models and leading in the proactive management and reporting of key validation deliverables, issues and risks.
- Independent validation of capital, impairment, pricing models and scorecards and review of regulatory self-assessment tools across asset classes (retail, wholesale, derivative, asset management)
- Support the build out of robust reporting of model governance activities and metrics and ongoing performance monitoring as well as other relevant model risk compliance metrics and measures.
- Socialize and support the model risk governance role across all three lines of defense. Support maintenance and distribution of the training materials to the banking business units.
- Provide leadership on leading industry practices for Model Risk Governance
- Support the creation and maintenance of the enterprise-wide model inventory, model control standards, and model risk ranking. Models include those used within the various Business Units for supporting financial reporting, risk management, decision-making, Basel II risk weighted assets calculations, and economic capital estimation.
Must-Have
Skills and Knowledge
Compensation Starting base salary : $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and / or commissions.
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks. ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.
For more information about City National, visit cnb.com. EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
Salary : $111,408 - $189,738
