Model Risk Senior Manager

at  Crowe LLP

YOUR JOURNEY AT CROWE STARTS HERE:

At Crowe, you have the opportunity to deliver innovative solutions to today’s complex business issues. Crowe’s accounting, consulting, and technology personnel are widely recognized for their in-depth expertise and understanding of sophisticated process frameworks and enabling technologies, along with their commitment to delivering measurable results that help clients build business value. Our focus on emerging technology solutions along with our commitment to internal career growth and exceptional client value has resulted in a firm that is routinely recognized as a “Best Place to Work.” We are 75 years strong and still growing. Come grow with us!

JOB DESCRIPTION:

The Model Risk Senior Manager will be responsible for performing and managing consulting projects for a variety of financial services clients. This primarily includes consulting with clients about model risk management practices and providing model validation services, primarily for credit risk, finance, and treasury management models (asset liability management, liquidity, interest rate risk).

• Supervise, train and review the work of other consultants.
• Manage key aspects of client service projects from planning to completion.
• Become a trusted advisor to client management by providing appropriate recommendations and solutions. Able to make and sustain meaningful client relationships.
• Support proposal and business development activities by identifying new target clients, building business relationships with key executives, and developing and presenting proposals.
• Understand industry trends and client challenges in order to lead the development of new services and solutions.

QUALIFICATIONS:

• Advanced degree in Finance, Statistics, Financial Engineering, or Economics or equivalent combination of education and experience.
• 8+ years’ experience of working in financial institutions, Big 4 or equivalent, or regulatory supervisory of financial institutions.
• Proven track record of business development, relationship management, and new solution development.
• Advanced knowledge of:
• Model risk management regulatory guidance (SR 11-7, OCC 2011-12, FDIC FIL-22-2017).
• Credit risk model types (e.g., CECL, PD/LGD, Roll Rate, Scorecards, Stress Testing, etc.).
• Other model types (e.g., Asset Liability Management, Pricing, Mortgage Servicing Rights, etc.).
• Direct experience performing model validations or model development, including concepts such as back testing, stress testing, sensitivity testing, and benchmarking.
• Technical knowledge about data processing, data storage, and data visualization.
• A self-starter who can prioritize multiple tasks, be resourceful and able to research and find solutions.
• Write and present to clients clear and concise reports and presentations containing meaningful recommendations.
• Direct and deliver significant engagements that deliver value to clients through project management, creation of deliverables and knowledge transfer.
• Ability to lead and manage a team.
• Manages engagement to ensure quality and is delivered within budget.
• This position may require travel but is not expected to exceed 25%.

Additional skills desired:

• Solid analytical background and knowledge of econometrics.
• Knowledge of risk ratings, risk rating /scorecard methodology, model governance, model development, CECL, DFAST, CCAR and capital allocation methodology would be a plus.
• Experience with statistical packages such as SAS, Matlab, Stata, Python, and R.
• Experience with database management, such as SQL.
• Experience with data visualization tools such as Microsoft Power BI and Tableau.
• Basic understanding of trends in artificial intelligence and machine learning.
• Professional certification preferred (e.g., RMA CRC, CFA, FRM).

We expect the candidate to uphold Crowe’s values of Care, Trust, Courage, and Stewardship. These values define who we are. We expect all of our people to act ethically and with integrity at all times.

• Supervise, train and review the work of other consultants.
• Manage key aspects of client service projects from planning to completion.
• Become a trusted advisor to client management by providing appropriate recommendations and solutions. Able to make and sustain meaningful client relationships.
• Support proposal and business development activities by identifying new target clients, building business relationships with key executives, and developing and presenting proposals.
• Understand industry trends and client challenges in order to lead the development of new services and solutions