Analyst Model Risk presso 203-Internal Audit
203-Internal Audit · Honolulu, Stati Uniti d'America · Onsite
- Professional
- Ufficio in Honolulu
Under the direction of the Manager, this position supports the validation and oversight of models used across all business areas. This role involves executing model validations, assessing model performance, and contributing to model governance practice while working closely with senior team members and other functional stakeholders.
As part of Corporate Risk, the Model Risk Management (MRM) department is tasked with ensuring adherence to the Model Risk Management Policy, in compliance with regulatory guidelines set forth in SR 11-7 (Supervisory Guidance on Model Risk Management) and other applicable regulatory expectations. MRM has enterprise-wide oversight responsibility and reporting of model risk to the bank, including conducting independent validations of all BOH models. MRM provides input and guidance to the Business Units on their compliance with the Model Risk Management Policy, presents model validation findings and recommendations to the model governing committees, maintains the Model Inventory, and reports on the status of the program to the Model Risk Management Committee.
Responsibilities
- Effectively challenges Bank and vendor models through formal model validations or a review of third-party validations. With oversight from the MRM Manager, leads all aspects of the independent model validation activities and projects including verifying model owner implementation testing, performance monitoring and control documentation, preparing process flow charts, analyzing data and statistical outcomes using key metrics, evaluating effectiveness of processes and documenting evidence and conclusions. Assists in identifying, evaluating, and documenting emerging model risk or model issues, which may impact the Bank from the aggregate validation information.
- Coordinates the annual model attestation process to ensure the accuracy and completeness of the enterprise-wide model inventory with new data or information on Bank models. Assists with Business Unit consultation on remediation plans for model findings, including evaluating effectiveness of the fix. Assists with preparing committee materials on the status of the MRM program that includes preparing Key Risk Indicator (KRI) metrics on a quarterly basis. Write and/or edit sections of the governance committee presentations or model validation documentation and may participate in presentations.
- Develops and champions industry standards and best practices for modeling techniques at the bank through presentations, conferences, networking, and educational forums.
- Performs all other miscellaneous responsibilities and duties as assigned.
Qualifications
- Bachelor’s degree in a quantitative discipline (such as Finance, Economics, Science, Mathematics, Engineering, or Statistics (other relevant fields may be considered) from an accredited educational institution or equivalent work experience.
- Minimum 2 to 4 years in a quantitative field using knowledge of statistics, economics, business/finance, mathematics, engineering, science, or modeling techniques. Relevant experience from internships, student assistant programs or the Bank Associate program may be considered, as well as a balance of higher education with strong technical skill sets.
- Demonstrated proficiency with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, SharePoint and PowerPoint) or similar software. Knowledge of or ability to use Bank software and systems. Knowledge of at least one statistical, math, economics, or science package (such as SAS, EViews, Mat Lab, SPSS, R or Stata) and use of related Excel add-ons.
- Excellent communications skills, both oral and written, are essential as well as good interpersonal skills. Ability to participate in presentations and communicate complex ideas concisely for all audiences. Strong conceptual and quantitative problem-solving skills and demonstrated curiosity in researching and evaluating the bank’s lines of business, models, systems, and operations. Motivated to work independently and efficiently under time constraints or multiple tasks. Able to work flexible hours including holidays, weekends and evenings as needed or assigned.
As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.
Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow.
We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.
