The Senior Model Risk Governance Analyst is responsible for maintaining and enhancing the enterprise model risk management framework under the direction of the Model Risk Manager. The Senior Model Risk Governance Analyst routinely works with Business Unit Managers, Model Validators, as well as model risk stakeholders throughout the organization.
This position will assist lines of business with model validation issue remediation tracking, evaluating model documentation, and model change management. The Model Risk Manager may direct this position to complete model validations/annual reviews or manage projects to complete outsourced model validations/annual reviews; therefore, strong project management and analytical, critical and creative thinking skills are needed to resolve complex issues. Candidates must be able to effectively set priorities and organize requests received throughout the workday in addition to managing third party resources or projects. Accuracy, timeliness and attention to detail are critical success factors. Additional attributes required for success include a strong customer service focus, professionalism, versatile risk & subject matter expertise, and effective communication skills.
Updating the company's model risk policies and operating procedures
Partners with the lines of business to maintain a complete inventory of model and non-model tool risks and controls, appropriately assessing risk ratings and control effectiveness
Manages the resolution of validation findings with model owners and users
Prepares model risk management reporting for the company's Enterprise Risk Management Committee
Instills model risk management principles and raises awareness of model risk management throughout the enterprise; Attends industry specific working group calls and webinars to stay informed of new MRM practices
Provides informed and objective challenge to executive and line management on risk management activities through clear, concise validation artifacts that minimize jargon
Builds and maintains effective working relationships with internal and external stakeholders, including third party model validation providers
Master's Degree in Business, Information/Analytics, Accounting, Finance, or a quantitative science preferred
Professional certification in risk management or actuarial sciences, CFA, or FRM preferred
Bachelor's Degree Required
Minimum of 3 years of cumulative experience in risk management
Minimum of 3 years of experience in banking
Experience with model risk management preferred
Experience with corporate risk governance preferred
Additional Knowledge, Skills, and Abilities:
Knowledge of Model Governance Regulations and Fed requirements (SR11-7, OCC 2011-12)
Self-motivated and the ability to work with minimal supervision while holding external validation consultants accountable to deadlines
Ability to demonstrate relationship and partnership building, coaching and development, vision and strategic thinking while providing constructive criticism
Capacity to work on multiple projects at the same time while meeting deadlines; creativity in managing time and resources to meet objectives efficiently
Excellent verbal and written communication and presentation skills; must be able to redline and quality control word documents that sometimes exceed 100 pages
Proficiency with Microsoft Office Suite 2010 (Excel, Word, Visio, and PowerPoint)
Advanced spreadsheet and database skills; working knowledge of general database structures and information delivery systems
Excellent data interpretation and fluency in reading charts/graphs for relevance and consistency
Critical thinking skills to provide credible challenge
Some working knowledge of statistical/modeling programs such as R, SAS etc. desired or willingness to learn
Out of office travel percentage on average is 10-20%
Travel is limited to within U.S. and is typically involves day trips
Workweeks may exceed 40 hours and may include weekend hours if special projects occur
The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.