Model Risk Project Manager

Summary

The Model Risk Project Manager will support the Model Risk team through a variety of functions related to organizing and maintaining model risk governance documents; supervising validation activities to ensure that validation products adhere to established templates and standards documents; and maintaining relationships with internal and external (third party providers) stakeholders to support model risk projects and objectives.

• Identify and determine whether an item meets the definition of a model or End User Computing (EUC)
• Risk assess models/EUCs
• Ensure all model and EUC metadata and lifecycle is current and complete within a centralized inventory of all models and EUCs used at FB
• Obtain Statements of Work from consultants and advise on a yearly validation project schedule
• Track validation project performance KRIs and prepare appropriate dashboard, status and risk reporting
• Provide constructive feedback and challenge on written validation reports to maintain a high level of quality while also communicating most salient points to an executive audience in written form
• Utilizing Templates or Workflow Platforms to organize and systematize work
• Understanding of Banking Regulations/Requirements related to Model Risk and/or Stress Testing
• Developing a response plan and remediating Audit or Assurance function issues

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Undergraduate degree in Business, Economics, Finance, Accounting, Statistics, or similar. Graduate degree preferred.
• 5+ years’ experience in Risk/Finance/Banking
• 2+ years’ experience managing staff, external consultants or contractors
• Experience in project management related to data, governance, compliance, audit, validations, banking systems etc. required
• Experience implementing or managing software or data platform transformation projects, User Acceptance Testing, Test Script or Technical Writing preferred

• Superior written and oral communication skills, with the ability to communicate effectively at all levels of the organization, with particular emphasis on being able to articulate complex topics in a manner digestible to a wide audience
• Ability to focus on minor details with the understanding of how the individual details relate to the larger project
• Demonstrated self-starter who can work independently with minimal supervision as well as in a highly collaborative team
• Ability to manage multiple projects at once and meet deadlines
• Ability to demonstrate the highest level of ethical behavior and confidentiality and maintain confidentiality with sensitive information
• Respectful demeanor toward other associates and managers that promotes a positive and professional work environment
• Understand and comply with bank policy, laws, regulations as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity
• Ability to visualize and/or diagram workflows/relational dependencies and business requirements
• Ability to coach others to achieve high quality results through setting and reinforcing expectations