Manager, Model Risk Management

The Manager, Model Risk Management is responsible for developing and implementing model risk policies, procedures, and processes in line with industry standards and regulatory best practices. This role involves coordinating with First Line risk and compliance teams, identifying and maintaining model inventories, and monitoring model risk findings. Additionally, the Manager will provide independent second-line assessment and effective challenge in the credit union’s capital planning and stress testing models, economic / stress scenarios, capital adequacy, and specific risk areas such as liquidity, interest rate, and credit.

Requirements

• Bachelor’s degree in mathematics, statistics, information technology, business, economics, finance, or related fields
• 5+ years’ experience in risk management processes, model development / validation, consulting, banking or other financial services industries
• Experience in a similar position with direct experience in model risk management, financial analysis regulatory compliance, enterprise risk management, and second-line challenge functions

Benefits

• Short-term and long-term incentives
• Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
• 401(k) plan with a 5% match
• Employee Assistance Program (EAP)
• Life and disability coverage
• Voluntary cash benefits for accident, hospitalization and critical illness
• Tuition Reimbursement
• Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays