What are the responsibilities and job description for the Model Risk Manager position at Huntington National Bank?
Description
Position Summary
Model Risk Management (MRM) is part of the Corporate Risk Management of Huntington and is responsible for the independent oversight of models and non-statistical tools developed, acquired, and used by Huntington.
The Model Validation Manager will lead / supervise the validation program of models (qualitative and qualitative models) at Huntington National Bank. The role will require collaboration with business process owners and various 2nd line key stack holders such as compliance, operations, and IT risk department to form an informed opinion on quantitative and qualitative processes which meet the definition of a model. The model validation manager acts as a key leader in the organization and influences the first and second lines of defense.
- Lead / supervise the effort to execute the model validation strategy, including the review and validation of Credit / Market / Operational Risk, Loss Forecasting / Stress Testing, ALM, AML, Fraud, Fair Lending, Pricing Analytics, and CECL models
- Establishes and monitors expectations to achieve company and department goals
- Manages the performance, training, and evaluation of assigned staff including workflow of activities
- Provide leadership, guidance and support as needed to less experience validators as they perform independent model validation in accordance with bank polices, standards and procedures.
- Establishes the scope and necessary testing of validations, providing guidance to associates as necessary on complex issues.
- Communicate model issues and limitations to key stakeholders
- Contribute to improvement of model building, use and validation practices
- Provide innovative, thorough, and practical solutions to an extensive range of demanding problems
- Stay abreast of emerging modeling techniques and evolving regulatory expectations, develop validation approaches, and incorporate them into model risk practices as appropriate
- Review and edit Model Validation reports to ensure reports are accurate, complete, and compliant with Policy, Standards and Procedures.
- Develops productive partnerships between business units and teams involved in model risk management activities
- Perform supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing staff.
Basic Qualifications :
Preferred Qualifications :
LI-OFFICE
LI-MK2
Exempt Status : (Yes = not eligible for overtime pay) ( No = eligible for overtime pay)
Workplace Type : Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds : in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range :
93,000-$189,000 annual salary
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice : Visit Huntington's Career Web Site for more details.
Agency Statement : Huntington does not accept solicitation from Third Party Recruiters for any position
Salary : $93,000 - $189,000
