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Model Risk Management Governance Analyst

Company: New York Community Bancorp, Inc.
Location: Hicksville
Posted on: June 24, 2022

Job Description:

JOB SUMMARY 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. ESSENTIAL FUNCTIONS

  • 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 cycle.
  • 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 decommissioning/retirement.
  • 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 solution.
  • Provides documentation to requests from various oversight groups, including internal and external auditors, regulators, and ERM testing personnel.
  • 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 Overrides.
  • 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 risk governance.
  • Collaborates with the Archer Cross Solution Developer to advance the solutions' capabilities to enable further automation in the MRM Department's activities.
  • 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 procedures. Job Requirements: 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 regulatory environment.
      • 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 reports.
      • 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 serves. 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 or ordinance. 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 religious faith.

Keywords: New York Community Bancorp, Inc., Hicksville , Model Risk Management Governance Analyst, Executive , Hicksville, New York

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