Model Validation Manager

Overview:
Responsible for managing the validations of the Bank’s Quantitative models in support of both economic and regulatory requirements.  Includes the strategic and day-to-day management of a Model Risk Team's technical expertise (business knowledge, applicable regulations, affiliated technology) and personnel needs. Will interact with model developers and various lines of business and support areas.

Primary Responsibilities:

• Manage the independent review and validation of more complex models used in the the organization, focused on assessing risk and validating specific categories of models across the Bank, and ensure compliance with SR 11-07.
• Shared responsibility for the strategic planning and short-term initiatives of model validation activities including contingency planning and regulatory compliance
• Manage the validation and analysis of expert judgment or qualitative factors that augment quantitative models; review to confirm proper controls and adequate documentation are in place.
• Build strong relationships and consensus across the organization, aligning conflicting priorities and resolving issues as required to achieve progress.
• Exercise usual authority of a manager concerning staffing, performance reviews and ratings, promotions, salary recommendations, performance management and terminations.
• 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:

Responsible for day-to-day and strategic direction of one or more of key model validation functions. Requires working knowledge of Banking businesses, applicable regulations and technology.

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/ACL processes.

Supervisory/Managerial Responsibilities:

Directly manage a team of 2-5 individuals.

Education and Experience Required:

Master’s or Doctoral degree in a quantitative discipline (including, Statistics, Mathematics, Engineering, Business Management) with 5 years of relevant financial services experience (including model development, model validation, analytics) inclusive of <1 years’ managerial experience or in lieu of degree a combined minimum of 7 years’ higher education and relevant work experience.

Demonstrated technical knowledge of advanced software packages used in analytics. (e.g., SAS, QRM, Strategic Analytics, Monte Carlo software).

Education and Experience Preferred:

Knowledge of pertinent Bank systems.

Programming skills including Python for creating automated reports, tasks, and actions

Familiarity with SR 11-7, SR 15-18, SOX, etc.

Physical Requirements:

Not applicable

Location