Union Bank, N.A. San Francisco , CA 94118
Discoveryour opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largestfinancial group in the world (as ranked by S&P Global, April 2018) withtotal assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong,working together to positively impact every customer, organization, andcommunity we serve. We achieve this by delivering on our values, putting peoplefirst, fostering long-term relationships built on honesty and mutualunderstanding, and inspiring the best in each other. This is all part of ourinclusive, high-performing culture supported by Total Rewards that include ourcash balance pension plan. Join a team that's working to fulfill its vision tobe the world's most trusted financial group.
TheAmericas Model Risk Management (AMRM) is responsible for the management ofenterprise-wide model risks associated with the Bank's development, deployment,and maintenance of quantitative models.
Assistin developing, maintaining, and implementing the Bank's Model Risk ManagementProgram.
Assistin establishing standards for managing areas of model risk: Development andimplementation, governance and documentation, and model performance.
Performindependent validations of various models in the enterprise-wide inventory. Managethe resolution of findings with model owners and users, recommend managementaction plans, and track remediation progress. Validation scope includesassessment of model conceptual soundness, evaluation of data and assumptions,testing model computational accuracy, and performing outcomes analysis (such asback-testing and benchmarking).
Monitormodel performance reports on an on-going basis to ensure models remain valid.
Consultwith model users on the design of effective model operational controls.
Typicallyrequires an advanced technical degree in finance, financial engineering,economics, mathematics, statistics, engineering, or related fields (PhDpreferred). Industry certifications a plus (e.g., CFA, FRM).
Threeyears of experience within the financial services industry.
Proventrack record of strong technical model development, model management, and/ormodel oversight in one or more of the following areas: retail credit riskmanagement, operational risk, consumer lending, and Current Economic CreditLoss (CECL).
Knowledgeableabout model risk management and associated regulatory requirements such as FRB'sSR 11-7/OCC's 2011-12.
Strongproject management capabilities.
Excellentverbal and written communication skills.
The above statements are intended to describe the general nature and level of 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.