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Cathay Bank · 1 week ago

Model Risk Governance Analyst

El Monte, CA

Full-time

Onsite

Entry Level

$80K/yr - $100K/yr

2+ years exp

Cathay Bank is committed to fostering a caring culture that supports employee aspirations and success. The Model Risk Governance Analyst is responsible for executing key model governance activities, maintaining a GRC Tool, and ensuring compliance with model risk management processes.

BankingFinanceFinancial Services

Responsibilities

Take overall responsibility for a GRC tool (ModelEdge) implementation and maintenance, a cornerstone of the Bank’s model risk management program. ModelEdge houses the Bank’s centralized inventory of models and User Defined Applications (UDAs) along with associated information and supports the execution of Banks model risk management program

Provide Model Edge user support, enabling model owners to maintain and access current information on their models, documentation, model findings and performance monitoring metrics

Develop and produce reports in support of the execution of the Bank’s model risk management program and reporting to executives and Board committees

Support the execution of the model control framework including model identification, model risk rating, finding issuance and remediation, and ongoing model monitoring

Lead the quarterly model attestation process with model owners, a process designed to ensure model inventory data is kept current, ensure coordination with model owners, and support model risk assessments

Manage workflows associated with model validation findings including issuance, recording, reporting and remediation

Track model performance KRIs and prepare appropriate dashboard and risk reporting

Lead and maintain User Developed Application identification and ongoing monitoring process

Manage third parties that conduct model validations on the Bank’s behalf. Responsibilities include writing RFPs, specification of SOWs consistent with Bank’s needs, vendor selection, coordination with internal model owners and the review and acceptance of work products

Qualification

GRC toolsModel Risk ManagementData manipulationRisk ReportingAnalytical skillsGeneral banking knowledgeVerbal communicationWritten communication

Required

Bachelor's degree in Business, Economics, Finance, Accounting, or related field required

Prefer 2 years' experience in Finance, Risk, Accounting

Experience with Model Risk Management programs a plus

Experience maintaining large data sets and Risk Reporting

Experience with GRC tools (ModelEdge, Archer, Service Now, or SharePoint is a plus

Strong data manipulation and management skills (Excel, SQL)

General knowledge of banking products

Strong analytical and reasoning skills

Good verbal and written communication skills

Benefits

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

Flexible spending accounts (FSAs)

Health saving account (HSA) with company contributions

Voluntary coverages

401(k)

Company

Cathay Bank

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Cathay Bank is a financial services company originally founded to support Los Angeles’ growing Chinese American community. It is a sub-organization of Cathay General Bancorp.

Founded in 1962

El Monte, California, USA

1001-5000 employees