VP Enterprise Model Risk Management (Remote) - Bancorp Bank, The
Wilmington, DE 19809
About the Job
***This is a remote position and can be located anywhere in the U.S.A.***
- Co-Leads the Model Risk Management program to identify and categorize models and other critical use tools used to make decisions or support business processes.
- Strong ability to explain complex topics in layman’s terms and translate technical jargon to business terminology.
- Provides verbal and written commentary directly to regulators as required for examinations or other periodic reviews.
- Interacts with Model owners, Bank partners, and other stakeholders during all model lifecycle stages to ensure the effective governance of model development/use/evaluation processes.
- Performs independent challenges of Bank models and identifies model weaknesses and opportunities for improvement.
- Ensures that model monitoring is performed on a periodic basis and evaluates whether validations and other reviews performed by the business and/or third parties follow the requirements set forth in the MRM Policy.
- Develops detailed MRM Standards, procedures, and job aids to drive consistent application of the program across the enterprise.
- Uses analytics, business rules, and/or other risk tools and techniques to detect model behaviors and risk factors that may indicate activity that warrants further investigation or action.
- Prepares and distributes regular MIS reporting concerning risk monitoring activities under program ownership.
- Evaluates program for effectiveness and consistency with regulatory expectations and industry leading practices.
- Maintains strong relationships with senior leaders, including executive management, and related control groups.
- Drives a culture of safety and soundness across The Bancorp.
- Performs other duties as assigned.
- Undergraduate degree in a related field or an equivalent combination of training and experience.
- 9 years of progressive experience in Model Risk Management, within the Banking or Financial Services Industry (including interpretation and implementation in alignment with OCC Bulletin 2011-12 and the associated Comptroller’s Handbook).
- Expert knowledge of key econometric and statistical techniques (i.e., predictive modeling, logistic regression, survival analysis, design of experiments, decision trees, data mining methods, and other advanced statistical and econometric techniques).
- A Post Graduate Degree or Industry Qualification preferred.
- Extensive working knowledge of the financial services industry, products, and services including credit risk models and/or Fintech companies.
- Expert knowledge and understanding of risk management concepts and principles including Enterprise Risk Management and Third-Party Risk.
- Strong analytical, data, problem-solving and decision-making skills with high attention to detail and accuracy.
- Excellent verbal, written, and interpersonal communication skills.
- Excellent organizational skills with the ability to prioritize and organize work to meet deadlines.
- Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook, and other programming skills.
- Position will require occasional travel.
Salary Range: $103,003 - $180,403 Annually
This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Working at The Bancorp Bank, N.A. and Benefits Information: click here
Diversity & Background Screening:Diversity & Inclusion at The Bancorp Bank: click here
The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
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