THE IMPACT YOU WILL MAKE
The Model Governance Risk Management Lead Associate (Flexible Hybrid) will join the Model Governance Solutions (MGS) team. The MGS team has responsibility to drive efficiency, consistency, compliance, and sustainability in first-line model governance activities across the enterprise, and has the following three strategic objectives:Driving efficiencies in model management by developing clear and actionable governance, integrating relevant external guidance, and developing tools that simplify processes.Ensuring risk-based execution and compliance of all internal model-related standards and policies by training, reporting, and monitoring applicable processes.Acting as a representative with Model Risk Management and other relevant stakeholders on behalf of Model Owners, Users, Developers, and Application Owners.As a valued colleague on our team, you will assist the team with assessing and identifying potential model risks that may threaten our reputation, safety, security, and/or financial success, as well as participate with the team in communicating and collaborating with key stakeholders across the enterprise and understanding business objectives.The Model Governance Risk Management Lead Associate (Flexible Hybrid) role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:Provide 1st Line of Defense consulting to business partners on Model Risk Management standard requirements including risk tiering, model registration, identification of significant/ important EUCs, model types, and model determinations.Work with stakeholders on Internal Audit, Model Risk and FHFA engagements and exams as well as emerging issues and opportunities for enhancements. Coordinate with 2nd LOD to disseminate policy, standards and procedure updates, training, and provide formal interpretation and consultation as needed.Partner, respond to needs, and ensure ongoing governance support with the Model Management Lifecycle (MMLC) for Model Owners and Users.Support the development and monitoring of key model risk metrics related to 1st LoD model processes for reporting to relevant committees.Drive on-time closure for model related issues, findings, and action items.Perform data quality reviews and drive down data quality issues from the system of record.Support control execution, and review required documentation artifacts within the MMLC as identified in the procedures.Provide additional model governance support as defined in the standards and procedures to the Model Controller with effectively executing their role throughout the MMLC.  Partner with and provide model governance support to the Head of Modeling as prescribed in the MMLC.Facilitate information requests and related reporting activities across various stakeholders.Keep up to date with relevant industry and regulatory standards, best practices, and business processes used in model risk management and be able to communicate to team.Guide team in preparing analyses and reports used to determine business areas that pose potential risks to the enterprise.  Guide team in preparing analyses and reports used to evaluate the impact of proposed risks to the enterprise.  Lead team in monitoring information and processes to reduce risk using rigorous analysis.Document resolutions and control guidelines.  Guide team efforts to review business strategies, and make decisions that will drive success in the face of shifting consumer behaviors and regulations.