Model Risk Manager / Senior Manager

JOB PURPOSE

• Identifying, assessing, and mitigating risks associated with the use of models in decision-making processes.
• Oversee the entire model risk management framework within an organization.
• Establishing policies and procedures for model development, validation, and usage.
• Ensure that all models are documented, monitored, and regularly reviewed to mitigate risks effectively.

KEY ACCOUNTABILITIES

1. Managing and overseeing the overall all aspects of the Model Risk life cycle, inclusive of initiation, implementation, monitoring, validation and recalibration.
2. Execute against the Bank's strategic Model Risk Roadmap.
3. Monitoring compliance with the MRM governance Policy by working directly with key stakeholders.
4. Overseeing and managing the Model Risk Assessments process and assessing results.
5. Overseeing the model identification and attestation process and model inventory.
6. Managing the model validation schedule and assess results.
7. Assessing the adequacy of actions taken by model owners to remediate model issues.
8. Managing and accessing the results of ongoing monitoring processes.
9. Accountable to establish and monitor key risk indicators and model risk aggregation.
10. Reporting on the status of the MRM lifecycle to applicable Management and Board committees.
11. Communicate and engage with regulators and respond to requests, as needed.
12. On a needed basis, performing independent validation of models, in accordance with
13. supervisory guidance and internal policies.
14. Approving the use of models, and monitors risks with the Bank's models.
15. Advising model owners in the course of development of a new model, material changes to existing model or implementing model overlays.
16. Translating identified model risks into business implications and propose mitigation strategies to the business and senior management.
17. Servicing as Risk Management's contact with model owners.
18. Providing training across the Bank as required.
19. Manage MOC meetings.

Minimum Qualifications:

Education:

• Bachelor degree from a reputable university, Preferably MBA /CRM holder.

Additional requirement for Senior Manager:

• Risk management certification / credit certificate.

Experience:

• At least 3 years of Model Risk Management experience.

Manager:

• Minimum 7 years of banking experience / related industry.

Senior Manager:

• Minimum 9 years of banking experience / related industry with exposure to ICAAP, and IFRS9.