Model Risk Governance Manager Job Listing at City National Bank in SF, CA (Job ID 11188)

Description

MODEL RISK GOVERNANCE MANAGER WHAT IS THE OPPORTUNITY? Model Risk Governance manager leads the operation of model risk governance program within City National Bank's (CNB's) Enterprise Risk Management (ERM) program. As a member of a dynamic team, MRGA is responsible for managing day-to day operational and tactical aspects of multiple projects in support of the model risk management group, including model validation governance, upkeep of governance documentation and model risk reporting. This position will work collaboratively with Enterprise Model Risk Management Governance team and will report to Manager of CNB Model Risk Management Group. Responsibilities may include model validation of bank-wide models on a case-by-case basis. WHAT WILL YOU DO?

• Support MRM Manager in ensuring the CNB's model inventory is complete and up to date. Assist the team in managing the group's model validation pipeline; focusing on proactive management of business priorities, compliance dates and regulatory requirements. Support the governance of model validation activities for CNB models and leading in the proactive management and reporting of key validation deliverables, issues and risks.
• Independent validation of capital, impairment, pricing models and scorecards and review of regulatory self-assessment tools across asset classes (retail, wholesale, derivative, asset management)
• Support the build out of robust reporting of model governance activities and metrics and ongoing performance monitoring as well as other relevant model risk compliance metrics and measures.
• Socialize and support the model risk governance role across all three lines of defense. Support maintenance and distribution of the training materials to the banking business units.
• Provide leadership on leading industry practices for Model Risk Governance
• Support the creation and maintenance of the enterprise-wide model inventory, model control standards, and model risk ranking. Models include those used within the various Business Units for supporting financial reporting, risk management, decision-making, Basel II risk weighted assets calculations, and economic capital estimation.

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum 7 years of experience in the financial services industry
• Minimum 7 years of quantitative analysis experience in a discipline relevant to risk management to include statistical analysis, modeling, mathematics
• Minimum 5 years of experience with model validation or development or similar experience within an Internal Audit function.

Additional Qualifications

• Candidates for the role are expected to hold a degree in a quantitative discipline, e.g.
• Hands-on experience of risk and financial modelling is desirable, but regardless of experience all candidates should be able to demonstrate an understanding of valuation modelling, financial and bank focused products.
• Proven track record of strong technical model development, model management, and/or model oversight in one or more of the following areas: credit risk management, market / interest rate risk management, economic capital estimation, and valuation.
• Proven knowledge of banking systems and processes, risk management methodologies, and familiar with Model validation function.
• Knowledgeable about model risk management and associated regulatory requirements such as OCC 2011-12, Basel II, SR 15-18/19.
• Strong project management capabilities.
• Deep modeling and technical skills.
• Advanced Excel skills with ability to apply and review formulas and functions, along with extensive knowledge with the suite of MS Office applications.
• Demonstrated ability to think critically and facilitate change through collaborative effort. Strong interpersonal, verbal, and written communication skills.
• Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results within strict deadlines.
• Prefer:
• Experience in data management and analysis
• Programming experience with software applications such as SAS, R, SQL, VBA a plus
• Extensive knowledge and experience with various models - Regression, Market Risk, Operational Risk, Credit Risk, PPNR, and analysis tools including Excel, EViews, or Stata applications
• Advanced degree in finance, economics, statistics or related field (Masters or PhD preferred). Industry certifications a plus (e.g., CFA, FRM).

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

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