Posted: Saturday, March 11, 2017 11:17 PM
The role will reside within the Model Risk Management (MRM) function, which covers a broad array of areas including the BankA?s model risk management framework, model validations, model risk reporting, and Bank:wide policies and procedures related to model risk processes.The Model Risk Manager in Enterprise Risk Management (ERM), will work closely with model owners/developers in order to validate models used across the Bank.Perform independent review and validation of models used throughout the organization for capital stress testing , interest rate risk measurement, compliance and management decision making. Facilitate sourcing of effective challenge and independent validation. Advise/confirm scope of more in depth internal or external validation where applicable. Coordinate the engagement of third parties to perform independent validation. Review the results of third party validation.Manage model risk across the model lifecycle including model validation, performance evaluation and annual model reviewsCoordinate execution of MRM projects/iniatives to drive effectiveness and efficiencyProvide effective challenge to model assumptions, mathematical formulation, and implementationPrepare written summary and analysis of all validation work.Present model validation findings to senior management and supervisory authoritiesRepresent the bank in interactions with regulatory agencies, as requiredSupport the execution of various reporting projects in compliance to policy, governance, and regulatory requirementsPerform duties and responsibilities specific to department functions and activities.Performs other duties and responsibilities as required or assigned by supervisor.Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti:Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects managementA?s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts managementA?s right to assign or reassign duties and responsibilities to this job at any time. KEY SKILLS, KNOWLEDGE AND ABILITIES: MS in Statistics, Economics, Finance or an other quantitative discipline.Minimum 1 year experience in a Banking, Risk Management or Quantitative Role is a prehensive experience and expertise in the interpretation and implementation of SR 11:7, Supervisory Guidance on Model Risk Management.Experience with programming and/or large database and related languages (like R, Python and SQL)Programming in statistical languages such as RStrong verbal and written communication skillsTeam playerProvides extraordinary serviceFurthers the First Republic Bank culture and values MENTAL/PHYSICAL REQUIREMENTS:The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.Vision must be sufficient to read data reports, manuals and computer screens.Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.Position involves sitting most of the time, but may involve walking or standing for brief periods of time.Must be able to travel as position requires.May be required to lift 25:50lbs.
• Location: San Francisco
• Post ID: 57286833 sf