Model Risk Framework And Governance, Associate/Avp

Union Bank, N.A. Tempe , AZ 85280

Posted 2 weeks ago

Description:

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.

Job Summary:

Americas Model Risk Management (AMRM) is responsible for the management of enterprise-wide model and end-user computing tool (EUC) risks associated with the Bank's development, deployment, and maintenance of quantitative processes. In order to manage risk in these aspects, the Bank has developed and implemented a comprehensive framework across its three lines of defense. As the second line of defense, AMRM is responsible for establishing and maintaining the Bank's model and EUC risk management framework, including the independent validation of all models and EUCs as well as the management of associated risks in aggregate at the enterprise level.

The Model Risk Framework and Governance Associate/AVP will be a member of the AMRM Framework and Governance team. The successful incumbent is expected to assist in supporting and maintaining the Bank's Model Risk Management Framework which includes the: Model Risk Management (MRM) Policy, MRM Procedures, templates and Guidelines AMRM maintains to support the First Line of Defense (e.g. Model Owners, Model Users and Business Unit Risk Managers) and communicate associated requirements. Additionally, this position provides business, reporting, project management and overall support to AMRM in execution of its Model Risk Management program.

Major Responsibilities:

  • Develop training materials and job aids to communicate MRM requirements to stakeholders.

  • Facilitate logistical aspects for Model Risk Management related training.

  • Drive continuous improvement and assist in maintaining AMRM's internal SharePoint website that is used by all Bank stakeholders.

  • Provide notifications to stakeholders of changes to the Model Risk Management Program.

  • Provide project management support for Model Risk Management Framework improvement related projects and model validations.

  • Manage the AMRM team's email inbox to ensure all inquiries are addressed on a timely basis.

  • Participate as needed in 'special projects' (e.g., system enhancements, process improvement, streamlining reporting etc.).

  • Perform second line model operational controls and implementation testing as part of the model validation process.

  • Provide support in executing model validation quality control reviews.

  • Assist in gathering required documentation, logistical coordination and finding / Matters Requiring Attention (MRA) remediation for AMRM reviews by internal and external examiners as well as the Comprehensive Capital Analysis and Review (CCAR) submission.

Qualifications:

  • Requires a bachelor degree in Business Management, Finance or related area.

  • Proficient knowledge of Microsoft Office Applications: Word, Outlook, PowerPoint and Excel.

  • Strong project management capabilities.

  • Excellent communications skills, both oral and written are essential.

  • Team player who can excel in a challenging work environment with a strong desire to learn new things and the ability to adapt to a changing environment.

  • Experience working in a consulting firm (e.g., Deloitte, KPMG, Ernst & Young, PWC etc.) is preferred.

  • Experience maintaining policies and procedures - preferred

  • Knowledgeable about model risk management and associated regulatory requirements such as FRB SR 11-7, OCC 2011-12 - preferred

  • Industry certifications a plus (e.g., CFA, FRM) preferred

The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.


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