Director of ERM Reporting & Model Risk Management

The Enterprise Risk Reporting & Model Risk Program Manager will be responsible for maintaining and executing the Model Risk and Enterprise Risk Reporting Programs. This involves continuous improvement of programs, team attraction, process streamlining, and advocacy on risk-related matters, and a strong understanding of banking regulations and requirements. They will also manage validation, team members, and documentation.

Requirements

• Oversee the Identification and determine whether an item meets the definition of a model or End User Computing (EUC), risk assessments of models/EUCs.
• Manage validation consultant budget and advise on a yearly validation schedule.
• Chair Model Risk Committee and the Horizon Risk Working Group
• Understand Banking Regulations/Requirements related to Model and Enterprise Risk
• Develop a response plan and remediate Audit or Assurance function issues
• Manage Templates, MS Teams or Workflow Platforms to organize and systematize work across stakeholders
• Maintain all Policies, Standards and governance documents relevant for the programs
• Understanding of Banking Regulations/Requirements related to Model and Enterprise Risk