Model Risk Management Senior Analyst - Model Risk Management

Job description

SUMMARY: Model risk management (MRM) refers to the overseeing of risk defined by potential adverse consequences from decisions based on incorrect or misused models. MRM aims to employ techniques, practices or behaviors that will identify, measure and mitigate model risk across the Bank – the potential of model error or wrongful model usage. The MRM Senior Analyst will support the SVP MRM Officer in the implementation and execution of Bank-wide MRM policies, standards and procedures, including model validation, model governance and performance monitoring, in conformance with regulatory guidance. The MRM Senior Analyst will attend and participate in meetings with the SVP MRM Officer and Senior Bank Management. ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Supports the creation and maintenance of the Bank-wide model inventory and model risk rating. Assists the SVP MRM Officer...