What are the responsibilities and job description for the Director of Model Risk Management position at UNITED COMMUNITY BANK?
Director of Model Risk Management
United Community is seeking a highly skilled Director of Model Risk Management to join our Model Risk Management (MRM) function. This role is crucial for supporting the implementation and execution of bank-wide model risk management policies and procedures, including model governance, validation, and performance monitoring, in conformance with regulatory guidance.
Responsibilities:
Leadership and Team Management:
- Lead a team of specialists in reviewing complex models used within the organization.
- Facilitate sourcing of effective challenge and independent validation, leading the validation team.
- Advise on the scope of more in-depth internal or external validation where applicable.
- Coordinate engagement of third parties for independent validation.
Model Governance and Validation:
- Oversee model documentation, validation, and ongoing performance monitoring protocols.
- Perform independent review and validation of models used throughout the organization.
- Review results of third-party and internal validations.
- Prepare written summaries and analyses of all validation work.
Model Risk Management:
- Provide second-line oversight, monitoring, validation, and reporting of model risk across the model lifecycle.
- Recommend design, development, back testing, implementation, and recalibration of models.
- Ensure model inventory is complete, accurate, and consistent with the Model Risk Management Policy.
- Support execution of various reporting projects in compliance with policy, governance, and regulatory requirements.
Collaboration and Communication:
- Collaborate with the Director of Enterprise Risk Management and other ERM team members to integrate model risk into broader ERM programs.
- Develop and maintain effective partnerships with model owners, developers, external vendors, business-level risk management teams, and auditors.
- Present model risk overview, including validation findings, to senior management and supervisory authorities.
- Represent the bank in interactions with regulatory agencies.
Education and Experience Requirements:
- MS in Statistics, Economics, Finance, or any other quantitative discipline.
- Minimum 10 years of experience in Banking, Risk Management, or a Quantitative Role.
- Comprehensive experience and expertise in interpreting and implementing SR 11-7, Supervisory Guidance on Model Risk Management.
- Knowledge of DFAST stress testing regulations and requirements.
- Understanding of basic risk management concepts and principles.
- Experience with programming and/or large databases and related languages (e.g., R, Python, SQL).
- Strong verbal and written communication skills.
- Team player who provides extraordinary service and furthers United Community Bank’s culture and values.
Conditions of Employment:
- Must be able to pass a criminal background check
- This is a full-time non-remote position
Ready to take your career to the next level? Apply now and become a vital part of our team!
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state, or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Salary : $180,000 - $210,000
