Model Risk Management Governance Analyst
Company: New York Community Bancorp, Inc.
Posted on: June 22, 2022
A Model Risk Management (MRM) Governance Analyst supports the
implementation and execution of a bank wide model governance
program for MRM, in conformance with regulatory guidelines. This
includes governance over all phases of the model life cycle,
including new model approval, implementation, model change
requests, and model decommissioning/retirement. It also includes
model issues management and management committee reporting.
Reports regularly to the MRM Governance Manager on compliance with
the Model Risk Management Framework and Procedures, including model
inventory, model issues, and all aspects of the model life
Prepares portions of the monthly report to the Model Risk Oversight
Committee. Serves as the recording secretary of the Model Risk
Oversight Committee meetings.
Maintains model validation issues within the Archer Issues
Management solution, including input of new issues, tracks issue
due dates, follows up with model owners regarding remediation
status, assists BPOs with the use of the Archer solution, and
review of documentation for issue closure.
Responsible for model inventory management and ensures governance
over all phases of the model life cycle, including new model
approval, implementation, model change requests, and model
Performs quality assurance reviews on key model governance
processes such as model inventory, model risk assessments, model
validation schedule, and all model data within the Archer
Provides documentation to requests from various oversight groups,
including internal and external auditors, regulators, and ERM
Administers Model Identification Tools and reviews End User
Computing tools for model determination.
Oversees effective controls over BPO requests for exceptions to MRM
Policy and extensions of remediation due dates.
Administers the model inventory certification to BPOs.
Facilitates the centralized report of Model Overlays and
Proactively maintains effective partnerships with the model
validation analysts, model owners, business level risk management
teams and internal and external auditors to execute sound model
Collaborates with the Archer Cross Solution Developer to advance
the solutions' capabilities to enable further automation in the MRM
Organizes and maintains all department documentation and reporting
in an efficient manner.
Performs special projects, and additional duties and
responsibilities as required.
Where applicable and when performing the responsibilities of the
job, employees are accountable to maintain Sarbanes-Oxley
compliance and adhere to internal control policies and
EDUCATION AND EXPERIENCE
A Bachelor's degree required (Finance, Business, Statistics or Risk
Analysis preferred). A Master's degree is preferred.
Bank risk management and/or model risk governance experience.
Experience and familiarity with SR 11-7.
Experience with Risk and Controls Self-Assessment (RCSA).
Background in records management and information governance.
KNOWLEDGE, SKILLS AND ABILITIES
Strong project management and organization skills.
Strong verbal and written communication skills.
Strong analytical and database skills, and attention to detail.
Knowledge of MS Office software including Word, Excel, Access and
PowerPoint and, Visio.
Knowledge of model lifecycle methodologies preferably in a bank or
Demonstrates business knowledge of the bank's models, model uses,
and model interdependencies.
Proven ability to engage diverse teams and to drive change.
Demonstrated ability to analyze risk and produce meaningful risk
Ability to multi-task and prioritize work appropriately.
Ability to work with all levels of management and staff across all
lines of business in the Bank.
Ability to work independently and on a team and follow through
assignments to completion.
Ability to meet established deadlines.
NEW YORK COMMUNITY BANK.
Based in Hicksville, NY, New York Community Bank is a New York
State-chartered savings bank serving customers throughout Metro New
York, New Jersey, Ohio, Arizona and Florida. New York Community
Bank serves customers through over 200 branches featuring a
divisional structure: Queens County Savings Bank, Roslyn Savings
Bank, Richmond County Savings Bank, Roosevelt Savings Bank and
Atlantic Bank in New York; Garden State Community Bank in New
Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and
Arizona. With a longstanding reputation of strength, stability and
service, NYCB is proud to be committed to the communities it
To learn more about the NYCB Family of Banks visit us at
Help recruit top talent for NYCB through the employee referral
program. All NYCB employees are encouraged to submit referrals.
Locate top talent right in the community where you live, work and
play. Amazing individuals are all around be sure to let them know
how they can become a part of the NYCB family.
NYCB is an equal opportunity employer that prohibits discrimination
on the basis of race, color, age, sex, national origin, ethnicity,
religion, marital status, disability, military status, veteran
status, domestic violence victim status, gender identity or
expression, sexual orientation, genetic information and any other
classification protected by applicable federal, state, or local law
This policy against discrimination applies to all terms and
conditions of employment including, but not limited to: recruitment
and selection, promotion and demotion, transfer, training and
development, compensation, benefits, leaves of absence and
termination. NYCB will consider reasonable accommodations for
employees and applicants with disabilities, as well as
accommodations that are necessary for an employee to practice their
Keywords: New York Community Bancorp, Inc., Hicksville , Model Risk Management Governance Analyst, Executive , Hicksville, New York
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