Position Details

DIRECTOR OF MODEL RISK

Director of Model Risk
Direct Hire
Salary is DOE, target is ~140-170k+ and 12% bonus
Remote / Work from Home

Summary / Responsibilities:
The Director of Model Risk will be a critical team member in the development of our model risk management program and support mitigation of risks due to models.
• Work individually and with a team of 5 consultants to develop models based on the new and more expansive regulations the bank must adhere to.
• Report to the Chief Risk Officer and work with several different business units and executives to meet the regulatory and business needs of the bank.
• Analyzes risks associated with the use of models throughout the Bank in compliance with regulatory guidance
• Routinely interact with model owners and users across the bank's various lines of business
• Conduct independent model validations to manage and mitigate the risks that arise from the use of models and deliver complete model validation reports
• Provide independent and effective challenge of all model components throughout its lifecycle
• Prepare rigorous workpapers documenting the validation review and analysis
• Discuss findings and their risk severity with model owners and assist with remediation recommendations
• Track findings assigned and validate them to ensure they are properly addressed in a timely manner
• Maintain the Enterprise's model inventory and model documentation library and validation review schedule
• Monitor internal/external audit and regulatory issues to ensure timely remediation
• Prepare presentations for Risk Committees and Management
• Facilitate risk profiling process for assigned business units
• Establish and maintain relationships within assigned business units and throughout the enterprise
• Perform ad-hoc and regular risk analysis and communicate findings to leadership

Required:
• Strong Risk Modeling experience
• Experience building new models for Banks
• Strong knowledge of regulatory guidance (OCC 2011-12/SR 11-7)
• Proficiency in R and / or Python
• Ability to work with and manipulate large data sets
• Experience with Risk Modeling for Banks in the $10B-100B asset size range

Desired:
• Experience working in an Agile environment
• CFA / FRM designations
• Undergraduate degree in a quantitative discipline (e.g. Statistics, Engineering, Mathematics, etc.)

Soft Skills:
• Exceptional interpersonal, writing, communication and organizational skills
• Ability to communicate effectively at all levels of the organization, with particular emphasis on being able to articulate complex topics in a manner digestible to a wide audience
• Demonstrated self-starter who can work independently with minimal supervision as well as in highly collaborative team
• Strong organizational and time management

Company:
We have served entrepreneurs in unique and niche industries for over 20 years. We leverage our technology platform and expertise to develop solutions for fintech and digital currency companies and investors around the world. Recognizing digital currency’s potential during the sector’s infancy, we have embraced pioneers and built flourishing relationships with those who were underserved by traditional banks. We are a California chartered, Federal Reserve member bank, the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry, and a lender to growth-oriented businesses, entrepreneurs, and investors. Embracing change and recognizing opportunity are in our company DNA.

Benefits:
• Matched 401k
• Bonus
• Medical, dental and vision
• Flexible spending accounts
• Additional Supplemental Health Coverages through Aflac
• Vacation and Holidays
• Life, AD&D, and LTD Insurance
• Employee Assistance Program (EAP)
• LegalShield
• Identity Theft Protection
• Pet Insurance


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