Bank Manager/Model Dev & Risk Mgt/IL/To $140K


Bank Manager – Model Development & Risk Manager
Illinois
To $140K Plus Bonus Depending Upon Skills & Experience
Relocation Assistance Available
Must be authorized to work in the US without sponsorship.

Our client is currently in the Top 1% of all Banks in the U.S. based on total assets of $16+ Billion.  Their business model is internet based with no physical bank branch locations.  Most of the Bank’s departments are located in Illinois.  They also have a Bank Loan Center (auto and consumer lending) and a Mortgage Loan Services department in St. Louis.  Their call centers are located in IL and El Paso, TX.  Their customer base is the middle market, similar to a community bank in terms of size of loans issued.  They have a conservative lending model and do not do any sub-prime lending.

Desired Qualifications: 

  • Advanced degree in economics, finance, or another quantitative discipline.
    5-10 years’ experience with SAS or other modeling / statistical software, including building and implementing statistical models in a financial services organization.
  • 5-10 years’ Financial Services experience desired.
  • 5-10 years’ experience in managing and analyzing large amounts of data in a timely and effective manner.
  • Detailed understanding of bank lending and portfolio management processes and business dynamics.
  • Advanced research and business expertise required. Research and design experience in addition to statistical training required. Prefer experience with multiple Bank product lines and business areas.
  • Complete familiarity with techniques to ensure model validity and reliability as well as to ensure models are fair lending compliant. Must be able to appropriately document to meet regulatory requirements.
  • Ability to translate models into recommendations to help satisfy risk and financial objectives.
  • Extensive qualitative and quantitative methodological and statistical expertise required.
  • Strong background and experience in the creation of risk-based application and behavioral models and scorecards for use in pricing, underwriting, collections, and fraud detection within the Banking industry.
  • Predictive modeling; metrics and scorecard development; forecasting expertise.
  • Experience with all forms of banking models (contact to recovery) within Finance and all product types (Treasury/Finance, Auto, Mortgage, Home Equity, Financial Cards, Deposits, Business/Commercial) is a significant plus
  • Stress Testing experience required
  • Strong understanding and application of OCC/Fed/FDIC/Basel regulations and guidance for Model Risk Management and Stress Testing.
  • Must be comfortable interacting with internal examiners and external regulators, compiling regulatory responses and processing exam requests.
  • Position requires a strong ability to build and maintain relationships.
  • Must have a passion for employee development. Must also be able to transfer knowledge/teach employees on the job.
  • Excellent presentation and writing skills required. Must be comfortable speaking to and writing for audiences ranging from executives to employees to professional groups.

Key Responsibilities:

  • Responsible for the development and maintenance of Bank models across all product lines, business areas and executive.
  • Develop and maintain bank predictive models (customer level: marketing, underwriting, terms and conditions, behavioral, collection and recovery; and portfolio level: credit loss, ALM, ALLL, etc).
  • Manage model development, test, implementation, monitoring and validation process that effectively utilizes enterprise, vendor and line resources.
  • Manage model governance program (process, inventory, documentation and policy) to ensure model development and use adheres to regulatory guidance.
  • Oversee stress testing program, including annual tests, quarterly updates, leading indicator reporting and related contingency plans. Maintain governance and oversight structure, policies and procedures, and milestone timelines.
  • Conduct ad hoc analytic requests. Conducts significant statistical studies, multivariate analyses, and/or predictive modeling development activities.
  • Interact daily with Department heads, Bank Executive, managers and analyst to develop project plans, ensure timely delivery on requests, and communicate results. Communicates complex analytic methods and findings to management and executives not trained in advanced mathematical and statistical techniques.
  • Build consensus and move projects forward despite roadblocks and competing priorities
  • Set, establish, and deliver on multiple priorities.
  • Guide and direct team on how to obtain analysis data and information from disparate sources, link and analyze the information, perform data integrity checks, and conduct analysis.
  • Evangelize and drive the use of empirical approaches that improve decision making and efficiencies in operations.
  • Lead cross-functional teams to plan and develop quantitative models of consumer, business banking, or commercial portfolios.
  • Plan and then develop creative empirical solutions to optimize decisions across multiple functional areas of the bank.
  • Work involves considerable latitude for decision making and priority setting.
  • May work closely with external vendors.

Submit resume/questions to mary@analyticsearches.com.

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