Vendor Risk Analyst Jobs in Ohio (NOW HIRING)

SUMMARY:

Model risk management (MRM) refers to the overseeing of risk defined by potential adverse consequences from decisions based on incorrect or misused models. MRM aims to employ techniques, practices or behaviors that will identify, measure and mitigate model risk across the Bank - the potential of model error or wrongful model usage.

The MRM Senior Analyst will support the SVP MRM Officer in the implementation and execution of Bank-wide MRM policies, standards and procedures, including model validation, model governance and performance monitoring, in conformance with regulatory guidance. The MRM Senior Analyst will attend and participate in meetings with the SVP MRM Officer and Senior Bank Management.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Supports the creation and maintenance of the Bank-wide model inventory and model risk rating.

Assists the SVP MRM Officer in performing independent validation and testing of Bank-wide risk models in accordance with MRM Policy as well as Model Validation Standards, Procedures and Templates.

Evaluates the conceptual soundness of model specifications; the reasonableness of assumptions and reliability of inputs; the completeness of testing performed to support the correctness of the implementation; the robustness of numerical aspects; the suitability and comprehensiveness of performance metrics and risk measures associated with use of models.

Assesses and measures the potential impact of model limitations, parameter estimation error or deviations from model assumptions; compares model outputs with empirical evidence and/or outputs from model benchmarks.

Documents and presents observations to SVP MRM Officer and to model owners and users; recommends management action plans, and tracks remediation progress.

Evaluates and monitors model performance reports on an on-going basis to ensure models remain valid, as well as contributes to the Bank-wide model risk and control assessment.

Provides on demand support during regulatory exams of MRM and periodic reviews performed by Internal Audit.

Engages in continued education through the company's internal training webinars.

Performs any other MRM-related tasks as needed.

Other duties may be assigned.

OTHER REQUIREMENTS:

Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.

Proficient in Microsoft Office products including Word and advanced Excel skills.

Ability to utilize tools provided in performing job responsibilities.

Willingness to provide a level of service which will clearly differentiate us from our competitors.

Professional demeanor in appearance, interpersonal relations, work ethics and attitude.

Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to management, bank employees and bank customers in a collaborative and solutions-oriented manner.

Must possess high level of attention to detail and accuracy.

Ability to multi-task and keep documentation organized.

Ability to take initiatives and work independently.

Banking is a highly regulated industry and you will be expected to acquire and maintain proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.

Strong business writing skills.

Ability to make, review and analyze information and make appropriate recommendations.