Manager Model Risk Management

City National Bank - Manager Model Risk Management

Location : Columbus, Ohio

Apply promptly! A high volume of applicants is expected for the role as detailed below, do not wait to send your CV.

The MRM group within CNB's Enterprise Risk Management is responsible for management, assessment, measurement, and reporting on model risk.

This position will support the development and operation of City National Bank's (CNB's) Model Risk Management (MRM) program as prescribed by CNB's Management Risk Committee and CNB CRO, operating under the RBC CUSO model risk management framework.

This role includes model validation and governance activities.

Responsibilities :

• Establish and maintain the appropriate level of controls to mitigate model risk at CNB.
• Support the implementation of RBC CUSO model risk management framework and ensure consistency across CNB units.
• Ensure appropriate resources are assigned for validation work, guiding the scope and prioritization of validation work for CNB models.
• Establish and maintain ongoing analysis of CNB’s model risk profile and trends, providing periodic updates to senior management and relevant risk committees.
• Represent CNB's interests during internal and external regulatory examinations on model risk management.
• Accountable for maintaining a comprehensive inventory of CNB models within the broader RBC inventory management system.
• Supervise a team of model risk validation analysts and governance analysts performing measurement and reporting on model risk.

Must-Have Qualifications :

• Master's Degree in a quantitative area, such as Mathematics, Physics, Computer Science, or Finance, or a minimum of 10 years combined experience in quantitative model development and / or model validation within model risk management.
• Minimum of 10 years of experience within quantitative model development, validation, and / or analytics for financial products.
• Experience in an OCC regulated bank environment.
• Experience with regulatory examinations on model risk management.
• Experience managing a team of quantitative analysts / model developers / model validators / model governance advisors.

Skills and Knowledge :

• Thorough knowledge of regulatory requirements on model risk, such as FRB SR 11-7 and OCC 2011-12.
• Advanced degree (Masters or PhD) in a quantitative discipline; industry certifications (e.g., CFA, FRM) are a plus.
• Proven track record of strong technical model development, validation, and oversight.
• Demonstrated ability to think critically and facilitate change through collaboration.
• Strong interpersonal, verbal, and written communication skills.
• Prior programming experience with modeling software applications and languages such as R, Python, SQL.
• Expert knowledge of MS Office applications such as Excel, Word, PowerPoint preferred.

Compensation :

Starting base salary : $122,535 - $208,715 per year. Exact compensation may vary based on skills, experience, and location.

This job is eligible for bonus and / or commissions.

Benefits and Perks :

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues.

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION :

City National Bank is an equal opportunity employer committed to promoting a diverse, equitable, and inclusive working environment.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other basis protected by law.

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