Busey · 2 days ago

Model Governance Risk Analyst II

Illinois, United States

Full-time

Remote

Mid, Senior Level

5+ years exp

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Asset ManagementFinance

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Responsibilities

Lead the management of the Company’s Model Risk Management (MRM) inventory of models and non-models, including to ensure completeness and accuracy of the model inventory, required actions are completed timely, and compliance with the MRM Policy and Program

Maintain the MRM module within the Company’s Archer GRC platform

Be well-versed in the Company’s universe of models, including how the models are used, who owns them, their assumptions and limitations, and what deficiencies exist and how they are mitigated

Manage the inventory of MRM Program metrics as well as model specific metrics, reporting on Program and model performance periodically

Be the subject matter expert for model owners on FRB and FDIC guidance and keep abreast of industry best practices for Model Risk Management

Oversee the monitoring of model validation identified Findings through resolution(s), and sufficient and timely reporting to management as required

Leverage disparate data sources to develop insightful and thought-provoking quarterly reporting for management, management oversight committees, and the Board of Directors

Organize MRM Working Group meetings, including agendas, materials, and coordination with guest presenters

Present quarterly updates to the MRM Working Group

Assist with the development and administration of Model Risk Management Policy, Program, and procedures as well as Model Risk training and education initiatives

Transform the Company’s Non-Model/EUC Program to be consistent with regulatory expectations and industry best practices

Lead the Non-Model/EUC annual reviews to ensure compliance with the Program

Lead the Tier IV model reviews, including evaluation of reasonableness, the control framework, and model documentation

Collaborate with Director of MRM to complete reviews of model ongoing monitoring to assess model performance and monitoring efforts

Lead the annual program gap analysis, recommending and implementing solutions to improve the MRM framework

Support special projects as necessary

Qualification

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Model Risk ManagementExcelMicrosoft OfficePowerPointRPythonFRB SR 11-7FDIC FIL 22-2017Strategic thinking