Model Governance Risk Analyst II
Company: Busey Bank
Location: Atlanta
Posted on: October 23, 2024
Job Description:
Position SummaryAs a Model Governance Risk Analyst (MGRA) II,
your primary responsibility will be managing and reporting on the
Bank's model inventory in support of the institution's maturing
Model Risk Management program. In this position, you will cultivate
positive working relationships with model owners and developers to
proactively identify and mitigate risks, identify opportunities and
develop solutions to enhance the Model Risk Program, and create
timely and insightful reporting for Senior Management and the Board
of Directors. This position provides you with an opportunity to
develop in a growing financial institution and shape the Model Risk
Management program.Duties & Responsibilities
- Lead the management of the Company's Model Risk Management
(MRM) inventory of models and non-models, including to ensure
completeness and accuracy of the model inventory, required actions
are completed timely, and compliance with the MRM Policy and
Program
- Maintain the MRM module within the Company's Archer GRC
platform
- Be well-versed in the Company's universe of models, including
how the models are used, who owns them, their assumptions and
limitations, and what deficiencies exist and how they are
mitigated
- Manage the inventory of MRM Program metrics as well as model
specific metrics, reporting on Program and model performance
periodically
- Be the subject matter expert for model owners on FRB and FDIC
guidance and keep abreast of industry best practices for Model Risk
Management
- Oversee the monitoring of model validation identified Findings
through resolution(s), and sufficient and timely reporting to
management as required
- Leverage disparate data sources to develop insightful and
thought-provoking quarterly reporting for management, management
oversight committees, and the Board of Directors
- Organize MRM Working Group meetings, including agendas,
materials, and coordination with guest presenters
- Present quarterly updates to the MRM Working Group
- Assist with the development and administration of Model Risk
Management Policy, Program, and procedures as well as Model Risk
training and education initiatives
- Transform the Company's Non-Model/EUC Program to be consistent
with regulatory expectations and industry best practices
- Lead the Non-Model/EUC annual reviews to ensure compliance with
the Program
- Lead the Tier IV model reviews, including evaluation of
reasonableness, the control framework, and model documentation
- Collaborate with Director of MRM to complete reviews of model
ongoing monitoring to assess model performance and monitoring
efforts
- Lead the annual program gap analysis, recommending and
implementing solutions to improve the MRM framework
- Support special projects as necessaryEducation &
ExperienceKnowledge of:
- Proficiency in Microsoft Office with advanced experience in
Excel and PowerPoint
- Technical proficiency in R or Python
- At least five years of prior experience in the development,
review, validation, and oversight of models used by financial
institutions
- Advanced knowledge of FRB's SR 11-7 and the FDIC's FIL
22-2017
- Analytical and strategic thinking with attention to detail
- Excellent written, communication, organizational, and
interpersonal skills
- Ability to work independently and in a teamEducation and
Training:
- Bachelor's Degree in Finance, Economics, Accounting or a
related field (equivalent experience may be considered)Remote
eligible in Delaware, Florida, Georgia, Illinois, Indiana,
Massachusetts, Missouri, and OhioBusey values a diverse and
inclusive workplace and strives to recruit, develop and retain
individuals with exceptional talent. A team with diverse talent,
working together, is essential to Busey's commitment of delivering
service excellence. Busey is an Equal Opportunity Employer
including Disability/Vets. Visit Busey.com/Careers to learn more
about Busey's Equal Opportunity Employment.
Keywords: Busey Bank, Redan , Model Governance Risk Analyst II, Professions , Atlanta, Georgia
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