Hybrid VP, Model Risk Management & Analytics na Axos

Axos Bank

Target Range:

$90,000.00/Yr. - $110,000.00/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 17.5%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 17.5%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

The VP of Model Risk Management (MRM) is part of Enterprise Risk Management and is responsible for the Bank’s MRM Program. Must have a foundational understanding of model risk, credit risk, market risk, interest rate risk, pricing risk, market risk, and financial risk. The position requires owning and managing model risk management, ensuring business processes related to models are following applicable governance and policy requirements including, reviewing model risk and control process adherence by owners; documenting and presenting observations to the SVP, ERM and to model owners and users, tracking remediation progress; and ongoing updates and maintenance of model inventory logs. Should possess a conceptual understanding of various model techniques used in banking such as those involving interest rate risk, credit and deposit models, asset liability models, and cash flow valuation.

Responsibilities:

• Manage and oversee the overall aspects of the Model Risk Program inclusive of improvement, implementation and the execution of the program, MRM policy, Standards, and procedures to ensure they remain appropriate and consistent with regulatory requirements and expectations
• Execute against the bank’s strategic Model Risk roadmap
• Monitor compliance with the MRM policy by working directly with key stakeholders
• Oversee and manage model risk assessments process and assess results
• Oversee model identification and attestation process and model inventory
• Manage the model validation and schedule and assessing results
• Assess the adequacy of actions taken by model owners to remediate model issues
• Manage and access the results of the change log report and ongoing monitoring process
• Accountable to establish and monitor key risk indicators and model risk aggregation
• Report on the status of the MRM Program to applicable Management Board Committees
• Communicate and engage with regulators and respond to requests as needed
• As needed, perform independent validation of models, in accordance with supervisory guidance and internal policies
• Possess functional knowledge of risk management processes and functions.
• Approve the use of the models and monitor risks with the bank’s models
• Advise model owners during the development of a new model or implement model overlays
• Translate identifying model risks into business implications and propose mitigation strategies to the business and senior management
• Serve as Risk Management’s contact with Model owners
• Provide training across the bank as required
• Collaborate with business units to execute the governance framework, policies, and procedures
• Manage external vendor conducting model validations for the Bank

Qualifications:

• Bachelor's degree preferably in a quantitative field (e.g. Statistics, Economics, Engineering, Mathematics, etc.). Master's degree highly preferred, not required
• 5+ years of Model Risk Management experience in financial services
• Sound knowledge of statistical modeling concepts and industry best practices with model owners, developers, risk managers and other stakeholders
• Strong analytical and reasoning skills. Good verbal and written communication skills
• Proficiency in statistical software a plus
• Strong data mining and management skills
• Good general knowledge of banking products
• Strong presentation skills to all levels of management
• Demonstrated ability to influence without direct authority
• Strong project management skills
• Ability to challenge models and identify model risk, especially on conceptual soundness, data, quality, and model development process

Axos Employee Benefits May Include:

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.

Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

Learn more about working at Axos

Pre-Employment Background Check and Drug Test:

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Equal Employment Opportunity:

Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.

Job Functions and Work Environment:

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.

The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

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