Overview:
Responsible for tactical strategy of one or more of key pillars within model risk governance and operation teams to create, manage and enforce policy and procedures based on regulatory requirements and industry best practices or handles day to day operations and model inventory oversight. Ensures efficient execution of the model risk management program through implementation and execution of workflows and project management, model meta data management and reporting. Contributes to strategic direction and implementation of Model Risk Management policy.
Primary Responsibilities:
- Contribute to strategic direction of Model Risk Management Policy, framework, committee charter, procedures, guidelines, template, etc. periodically (at least annually) to align with prevailing regulatory guidance and expectations as well as with industry practices.
- Participate in the administration of the Model Risk Oversight Committee (“MROC”) to ensure that all participants engage and provide effective challenge.
- Create relevant and effective model risk materials including periodic reporting for MROC, Management Risk Committee (MRC), the Risk Committee of the Board as well as materials for reporting to Internal Audit and Regulators.
- Enhance and / or manage risk appetite statement (“RAS”) and Key Risk Indicator reporting at the Bank and Business Unit level, oversee all business intelligence needs of the Bank as it pertains to Model Risk.
- Work very closely and collaboratively with Model Validation and Model Operations teams to ensure comprehensive understanding of the state of model risk and effective implementation of the model risk management program.
- Develop centralized reporting to enhance the Issues Management area for MRM, oversee planning and remediation of all key model risk issues, including issuance of thematic findings
- Develop strong relationships with key constituents in the Bank to ensure that the Model Risk framework is comprehensively applied throughout the organization.
- Develop strong relationships with regulators and auditors and manage exam requests to ensure clear, transparent, and comprehensive communication between the Bank and examiners/auditors
- Develop strategic relationships with counterparts in the industry
- Strong people manager who can manage and motivate the Governance & Reporting Team to consistently provide discretionary effort.
- Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
- Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
- Promote an environment that supports diversity and reflects the M&T Bank brand.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
- Complete other related duties as assigned
Scope of Responsibilities:
This position is the senior subject matter expert responsible for the day-to-day function of the model risk function and requires a thorough knowledge of business, applicable regulations, and affiliated technology.
The incumbent must be able to plan, organize and supervise work of staff and produce results.
This position will interact with various lines of business and support areas, including Credit Risk, Finance, Treasury, and Mortgage, to manage model risk throughout the bank and support the capital planning process
Supervisory/Managerial Responsibilities:
Responsible for team of direct reports
Education and Experience Required:
- Bachelor’s degree in finance, economics, mathematics or business-related field and minimum of 9 years’ relevant work experience to include 2 years managerial experience, or in lieu of a degree, a combined minimum of 11 years’ higher education and relevant work experience to include a minimum of 2 years managerial experience.
- Ability to write basic SQL scripts to extract relevant data.
- Advanced skills using Microsoft Word to create professional documents.
- Create powerful self-explanatory reports and presentations.
- Proficiency in Excel and experience using business analytic tools (e.g., Tableau, PowerBI, etc.).
Education and Experience Preferred:
Ph.D.
Ability and willingness to learn about a wide variety of topics and develop a variety of skills.
Thorough knowledge of Microsoft Office suite.
Able to guide a cohesive team.
Use of abstract thinking to deal with intangibles and uncertainties.
Functional with database development, maintenance, and extraction of data for reporting.
Demonstrated ability to meet deadlines.
Thorough attention to detail and documentation
Relies on experience and judgment and collaboration with peers to plan and accomplish goals.
Physical Requirements:
Not applicable
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $0.00 - $0.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.
Location
Clanton, Alabama, United States of America
