Model Risk Management Administrative Assistant - Risk Management

SUMMARY:

The primary purpose of this position is to assist and/or support the Model Risk Management (MRM) department with managing the Bank's Model Risk Management Program which generally includes model risk management oversight; maintaining adequate policies, procedures and templates; model/tool identification; model risk assessment, validation, and monitoring; issues tracking and coordinating responses; and reporting. They will contribute to the ongoing enhancement and implementation of a best-in-class program, including administrative support with maintenance of program documents, inventory management, model documentation, model validation, periodic reviews, issues management, ongoing monitoring, and training.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Assists MRM with updating MRM Program governance documents, model inventory, and validation schedule and vendor selection process.

Directs and monitors completion of quarterly submissions by model owners.

Assesses and reports model certification completion and exceptions timely.

Assists with proof reading validation reports, as needed.

Assists with Archer Issues Tracking administration for regulatory, Internal Audit, Enterprise Risk Management and MRM's validation findings.

Organizes department meetings and maintain an annual calendar of meetings.

Maintains trackers for various MRM activities, including model documentation, ongoing monitoring, validations, and annual reviews.

Documents and maintains minutes for regularly occurring department and MRMC meetings.

Assists MRM personnel with gathering model risk assessment and reporting data.

OTHER REQUIREMENTS:

Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.

Demonstrates a passion for risk management and create and implement ideas to mitigate risk, improve efficiency, and achieve excellence.

Ability to communicate (verbal and written) professionally with all levels of management.

Must be organized and a "self-starter."

Outstanding interpersonal skills needed.

Excellent time management skills - ensure resources are spent on highest priorities; ability to coordinate multiple projects in various stages simultaneously.

Experience with a wide range of relevant systems including Microsoft Word, Excel, Outlook, and PowerPoint.

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.

Ability to write reports, business correspondence, and minutes.

Ability to effectively present information and respond to questions from colleagues and management.

Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.

Ability to apply problem solving skills and reasoning to identify practical solutions.

Bachelor's degree preferred.

Minimum of 2 years of relevant work experience required - preferably in a Model Risk Management or Enterprise Risk Management capacity or other banking-related areas.