Model Process Governance Analyst - MRM

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GENERAL FUNCTION

Responsible for ongoing support of the Model Risk Management (MRM) program within the Bancorp. Responsibilities include, but are not limited to, assisting in coordinating model validation needs, the model inventory, inventory survey, validation issues, model documentation, reviewing results of audits and regulatory reviews for identification of known issues. This position partners with the line of business (LOB) to ensure that controls are in place for security and change management of the models.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Complete control validation reports for models (BCP, DRP, Security); collaborate with more senior analysts to perform peer reviews on Governance Analyst drafted validation sections prior to submission for manager review.
• Own the process of finalization of Quantitative reports including collection of model owner responses and upload issues.
• Assist in collecting and maintaining all supporting model documentation from model owners and maintaining Governance/Controls Mailboxes
• Assist in maintaining the Model Inventory.
• Assist in maintaining the Model Issue Tracking Database and Issues Mailbox
• Assist in ensuring complete and accurate inventory through survey/attestation process and annual Book of Work process.
• Review results of audit and regulatory reviews to verify source system data integrity.
• Create and maintain desk procedures for MRM.
• Contribute to the preparation of quarterly MRM committee presentations.
• Other projects/tasks as assigned.

SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's degree or equivalent experience.
• Minimum 2 years related professional experience.
• Project/Process Management background.
• Desire and ability to learn the basics of model validation controls and governance and Risk Management areas
• IT skills including Microsoft Office Suite. Sharepoint, Power BI, and Archer GRC knowledge preferred.
• Effective communication skills.
• Knowledge of banking industry and Model Risk Management, preferred.

• Experience establishing or working within AI/ML or Generative AI governance frameworks.

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