Model Risk Governance Analyst

People Drive Our Success Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities. Apply today What our team members are saying: Video Clip 1 Video Clip 2 Video Clip 3 Learn more about us at cathaybank.com GENERAL SUMMARY The Model Risk Governance Analyst is responsible for the execution of key model governance activities, a vital component of the Bank's model risk program. The position requires developing, maintaining and operating a GRC Tool in support of required model governance activates including model inventory maintenance, validation finding workflows, model owner attestations, and model risk reporting. The Model Risk Governance Analyst will also be responsible for ensuring business processes related to models are followed; documenting and presenting observations to the Model Risk Manager, tracking remediation progress; coordinating model validations projects, and preparing reporting dashboards. ESSENTIAL FUNCTIONS Take overall responsibility for a GRC tool (ModelEdge) implementation and maintenance, a cornerstone of the Bank's model risk management program. ModelEdge houses the Bank's centralized inventory of models and User Defined Applications (UDAs) along with associated information and supports the execution of Banks model risk management program. Provide Model Edge user support, enabling model owners to maintain and access current information on their models, documentation, model findings and performance monitoring metrics. Develop and produce reports in support of the execution of the Bank's model risk management program and reporting to executives and Board committees. Support the execution of the model control framework including model identification, model risk rating, finding issuance and remediation, and ongoing model monitoring. Lead the quarterly model attestation process with model owners, a process designed to ensure model inventory data is kept current, ensure coordination with model owners, and support model risk assessments. Manage workflows associated with model validation findings including issuance, recording, reporting and remediation. Track model performance KRIs and prepare appropriate dashboard and risk reporting. Lead and maintain User Developed Application identification and ongoing monitoring process. Manage third parties that conduct model validations on the Bank's behalf. Responsibilities include writing RFPs, specification of SOWs consistent with Bank's needs, vendor selection, coordination with internal model owners and the review and acceptance of work products. QUALIFICATIONS Education: Bachelor's degree in Business, Economics, Finance, Accounting, or related field required. Experience: Prefer 2 years' experience in Finance, Risk, Accounting. Experience with Model Risk Management programs a plus. Experience maintaining large data sets and Risk Reporting. Experience with GRC tools (ModelEdge, Archer, Service Now, or SharePoint is a plus. Skills/Ability: Strong data manipulation and management skills (Excel, SQL). General knowledge of banking products. Strong analytical and reasoning skills. Good verbal and written communication skills. OTHER DETAILS $80K - $100K / year Pay determined based on job-related knowledge, skills, experience, and location.This position may be eligible for a discretionary bonus.Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k). Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy. Cathay Bank is an Equal Opportunity and Affirmative Action Employer. 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