VP Enterprise Model Risk Management

Company: Bancorp Bank
Location: Wilmington
Posted on: March 19, 2023

Job Description:

Overview
Location: ***This is a remote position and can be located anywhere in the U.S.A.***
Lead the enterprise-wide Model Risk Management (MRM) Program in alignment with regulatory expectations and firm strategic objectives. Role is responsible for the ongoing enhancement and implementation of a best-in-class program including inventory management, model documentation, validation, and performance monitoring. As a deep subject matter expert, the VP Enterprise Model Risk Manager will directly communicate with senior leadership to review and resolve model risk exposures. -
The MRM Program is part of the 2nd line of defense within the broader Chief Risk Office (CRO). In addition to overall MRM governance, oversight, and education, the role may also be required to conduct validations or analyze the technical capability of certain credit, financial, and/or operational models. Program coverage and guidance should extend beyond models to also consider other critical use tools, robotics, machine learning, or AI techniques.
Responsibilities
Essential Functions

• Leads the Model Risk Management program to identify and categorize models and other critical use tools used to make decisions or support business processes. This includes establishing a testing and monitoring framework.
  
• Interacts with Model owners and other stakeholders during all model lifecycle stages to ensure the effective governance of model development/use/evaluation processes.
  
• Ensures that model monitoring is performed on a periodic basis and evaluates whether validations and other reviews performed by the business follow the requirements set forth in the MRM Policy.
  
• Develops detailed MRM Standards, procedures, and job aids to drive consistent application of the program across the enterprise.
  
• Uses analytics, business rules, and/or other risk tools and techniques to detect model behaviors and risk factors that may indicate activity that warrants further investigation or action.
  
• Supports the periodic review and update of Enterprise policies, standards, committee charters and other critical documentation to ensure consistency with bank wide efforts. Additionally, develops and edits ERM owned documentation.
  
• Prepares and distributes regular MIS reporting concerning risk monitoring activities under program ownership.
  
• Evaluates programs for effectiveness and consistency with regulatory expectations and industry leading practices.
  
• Facilitates activities, including end-to-end process reviews, risk assessments, and policy comparisons to ensure consistency and closure of any gaps.
  
• Maintains strong relationships with senior leaders, including executive management, and related control groups.
  
• Drives a culture of safety and soundness across The Bancorp.
  
• Performs other duties as assigned.
  #ZR
  Qualifications
  Education/Experience Requirements
  

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• Undergraduate degree in a related field or an equivalent combination of training and experience.
  
• Nine (9) years progressive experience in Model Risk Management within the Banking or Financial Services Industry (including interpretation and implementation in alignment with OCC Bulletin 2011-12 and the associated Comptroller's Handbook).
  
• Expert knowledge of key econometric and statistical techniques (i.e., predictive modeling, logistic regression, survival analysis, design of experiments, decision trees, data mining methods, and other advanced statistical and econometric techniques).
  
  Preferred Requirements
  
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  • A Post Graduate Degree or Industry Qualification preferred.
    
  • Extensive working knowledge of the financial services industry, products, and services.
    
  • Expert knowledge and understanding of risk management concepts and principles including Enterprise Risk Management and Third-Party Risk.
    
  • Strong analytical, data, problem-solving and decision-making skills with high attention to detail and accuracy.
    
  • Excellent verbal, written, and interpersonal communication skills.
    
  • Excellent organizational skills with the ability to prioritize and organize work to meet deadlines.
    
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook and other programming skills.
    
  • Position will require occasional travel.
    
    Background & EEO Statement
    Salary Range: - $102,300 - $176,100
    This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.
    Working at The Bancorp Bank, N.A. and Benefits Information: -click here
    Diversity & Background Screening
    Diversity & Inclusion at The Bancorp Bank: click here
    The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
    Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

Keywords: Bancorp Bank, Wilmington , VP Enterprise Model Risk Management, Executive , Wilmington, Delaware