Model Risk Program Manager

The MRM Program Manager role, in general, is responsible for managing, enhancing and administering all aspects of Rockland Trust’s Model Risk Management program to identify, assess, mitigate and monitor model risk across the organization in compliance with relevant regulatory guidance (principally, FDIC FIL 2017-22 “ Supervisory Guidance on Model Risk Management ”).
Specific responsibilities include: Managing all aspects of the MRM program’s governance, design, implementation and execution, including: maintaining and disseminating policies, program, guidelines and procedures; Drive continuous improvement initiatives to enhance the effectiveness and efficiency of the MRM program, incorporating regulatory changes, lessons learned and feedback from internal audits; Managing workflow processes for model development, model change requests, model validation, performance monitoring and certifications; Planning and managing detailed validation, review and certification calendar schedules; Ensuring appropriate and timely completion of the testing of: conceptual model soundness, the appropriateness of model assumptions, model data integrity, and the effectiveness of model governance and control processes, including evidence of effective model challenge; Reviewing model documentation for accuracy and completeness; and Analysis, coordination and preparation of reports and materials for Model Risk Management Team, Enterprise Risk Management Committee (ERMC), and board-level Risk Committee meetings.
Interfacing with key stakeholders, including but not limited to, model developers, model owners, model users and business unit managers to facilitate adherence to the model risk management program and to coordinate performance of its related activities, including: Ensuring all models are identified, captured in the model inventory tracking, and risk assessed/risk rated; Ensuring all required model documentation is complete, accurate and up-to-date; Coordinating model validation activities between model owners and independent (in some, cases, third-party) validators to ensure validations are performed according to schedule; Capturing validation findings and ensuring timely resolution of those findings; Coordinating annual reviews and certifications; and Coordinating training, and providing educational guidance and support to model developers, model owners, model users and business unit managers with respect to the MRM program’s requirements.
Management and timely resolution of both any MRM program issues, either self-identified, regulatory or internal audit issues, within the Issues Management Program and committed timelines Establishing and managing the MRM inventory and workflow processes in the Bank’s GRC system, including: Maintaining and ensuring adherence to detailed validation, annual review and certification schedules; Tracking and proactively working with business unit for effective management of validation issues/findings and recommendations to timely remediation and resolution, as agreed; Tracking model documentation and reporting gaps or shortfalls; and Generating reporting of MRM program key performance metrics for various stakeholders.
Qualifications and Core Competencies: A bachelor’s or master’s degree in finance, economics, mathematics, statistics, engineering, or related field of study; A minimum of three years of experience in a banking environment, preferably with experience in risk management; Strong interpersonal, teaming, and communication skills; Ability to collaborate effectively with business unit leaders, teams, and individual model developers, model owners and model users to achieve the MRM program’s objectives; Ability to communicate effectively with internal and external stakeholders including: senior and executive management, directors, regulators, auditors and third-party validators; Ability to work independently and exercise sound judgment and decisiveness; Working knowledge of the financial markets, banking operations, model risk management, model validation and associated regulatory requirements and expectations; Technical proficiency with Microsoft Office applications, relational databases, analytical and reporting tools, and GRC systems, such as RSA Archer; and comprehension of mathematical and statistical concepts.
Our goal is to offer our colleagues the most generous benefits package possible.
We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance.
Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more.
At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.