Job Information
Navy Federal Credit Union Model Risk Governance Analyst in Vienna, Virginia
Overview
To assist in the governance and operations of the enterprise level Model Risk Management (MRM) program. Collaborate with NFCU business units to manage the development, change management, and execution of model governance practices for the end-to-end model lifecycle, in accordance with the model governance framework, policies, and procedures. Implement continuous model governance enhancements and innovation. Support executive management in evaluating enterprise model risk and in developing strategies to mitigate and control model risk in support of business initiatives and compliance objectives.
Responsibilities
Support the ongoing maturity process of the model governance function
Support the implementation and day-to-day maintenance and administration of our key model risk governance system
Maintain model risk policy, procedures, templates, workflows, and guides
Monitor and test for MRM policy compliance Assist in building out action plans and milestones to drive remediation of any identified issues
Develop and maintain business unit and enterprise-wide model risk KRIs and reports
Develop and maintain instructional content for various model governance audiences
Communicate model risk governance metrics, policies, procedures, and supporting processes
Identify model governance process risks, design controls, and execute controls
Support model inventory and governance process information requests from internal and external stakeholders
Provide and maintain up-to-date knowledge of relevant industry standards, best practices, and business processes and technology used in model risk management within the financial services industry
Perform other duties as assigned
Qualifications
Experience working in a risk management role
Experience working in or consulting for financial institutions in a risk, modeling, or analytical context
Demonstrated initiative-taking and ability to creatively solve business problems
Experience managing multiple priorities independently and/or in a team environment to achieve goals
Experience in working with all levels of staff, management, stakeholders, vendors
Skill building effective relationships through rapport, trust, diplomacy, and tact
Skill to influence, negotiate, persuade, and build consensus to reach agreeable exchange & positive outcomes with business partners
Bachelor's degree in a Computer Science, Statistics or related field, or the equivalent combination of training, education and experience
Desired Qualifications
Knowledge of model risk regulatory guidance
Knowledge of modeling in a variety of business use cases
Ability to interpret analytics and statistical results for presentation to a variety of audiences
Experience with financial institution regulations
Master's or advanced degree in Data Science, Statistics or related field
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Ln. Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526
About Us
You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:
• Military Times 2022 Best for Vets Employers
• WayUp Top 100 Internship Programs
• Forbes® 2022 The Best Employers for New Grads
• Fortune Best Workplaces for Women
• Fortune 100 Best Companies to Work For®
• Computerworld® Best Places to Work in IT
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Fortune Best Place to Work for Financial and Insurance Services
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 18389