Director of Model Risk Management and Methods

2 months ago

Topeka, United States Federal Home Loan Bank of Topeka Full time
Job Description

This position assists the FHLBank's CRO by providing strategic leadership, vision and direction for the FHLBank's model risk management (MRM) and End User Developed Computing (EUDC) programs. Works with the CRO in designing, implementing and maintaining both a model risk management framework and an End User Application (EUA) framework, including related policies, guidelines and procedures consistent with regulatory requirements and industry leading practices. Ensures processes are in place for the FHLBank to appropriately identify, define, evaluate, measure, monitor and report on material model, EUA and related operational risks, including both qualitative and quantitative aspects that could adversely affect the achievement of the FHLBank's performance objectives and compliance requirements. Provides direction to the FHLBank's MRM business partners while also participating in several of the activities performed by the MRM team (i.e., performing model validations). This position makes decisions and recommendations that have a significant impact on the financial and risk position of the FHLBank.

Qualifications
  • Master's degree in a quantified field (i.e., economics, engineering, finance, mathematics, statistics, risk management, science, etc.). A PhD degree and/or professional designation (i.e., Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), etc.) is preferred.
  • Eight or more years' experience in model development, validation and/or governance within the financial services industry or related experience.
  • Minimum of eight or more years of ERM or related experience (e.g., asset/liability management), preferably within the financial services industry or with a large public accounting/consulting firm.
  • Extensive knowledge of and experience with fixed-income instruments, including residential mortgage products, debt instruments, interest rate derivatives, pricing theories and modeling techniques.
  • Experience in validating model results and ability to identify relationships between models and data/assumptions.
  • Superb quantitative and analytical background with experience in prepayment modeling, term structure modeling, credit risk modeling, etc.
  • Strong knowledge of financial institution balance sheet fundamentals and accounting concepts as well as interest rate risk measurement/management techniques and practices.
  • Strategic thinker, including ability to identify how EUDC and MRM key processes and activities impact the organization.
  • At least five years of previous supervisory or management experience required.
  • Strong written and verbal communication skills, including the ability to deliver presentations.
  • Ability to effectively explain abstract theoretical concepts to a non-expert audience in an easy-to-understand manner.
  • Ability to work with a variety of business partners and external parties to achieve departmental and corporate goals.
  • Ability to consistently meet deadlines and simultaneously manage multiple projects.
  • Inquiring mindset with the ability to think analytically.
  • Strong knowledge of/experience using MS Office applications.
  • Expertise in various programming languages (i.e., Python, R, SQL, etc.), Python and visualization tools (i.e., Tableau, Power BI, etc.).
  • Must be able to conduct meetings and work and travel independently.
Why work here

FHLBank Topeka strives to be an employer of choice by offering industry leading benefits such as generous vacation, volunteer hours and a hybrid operating model. Below are a few more of our benefits...
  • Bankwide incentive compensation program
  • 401K retirement plan with competitive company match
  • Multiple health insurance offerings, including free telemedicine benefits
  • Paid Time Off: Vacation, sick, personal, volunteer and bereavement leave
  • Short-term and long-term disability coverage
  • Voluntary life insurance
  • Incentive-based wellness program
  • Paid maternity and parent bonding leave
  • Tuition reimbursement and student loan assistance
  • Onsite fitness center with shower facilities and onsite yoga classes
  • Summer hours
  • Onsite caf
How we work

At FHLBank Topeka, employees are business partners. We believe we are successful when we partner with one another and understand that our differences only make us stronger.
  • Hybrid Schedule | Flexibility is the name of the game: Business partners are allowed to work remotely up to two days a week.
  • Access to Leadership | The executives of FHLBank Topeka welcome communication with business partners. Stop by and say "Hi." Send an email and expect a response. Or schedule a meeting to share your perspective.
  • Peer-to-Peer Recognition | Our recognition programs celebrate business partners practicing FHLBank Topeka values and those working above and beyond.
  • Professional Wins | FHLBank Topeka offers business partners kudos for continuing education through tuition reimbursement and certification rewards.


ZR

FHLBank Topeka EEO Policy

FHLBank Topeka is an equal employment opportunity employer. We recruit, employ, train, compensate and promote without regard to race, color, creed, religion, sex, age, sexual orientation, national origin, ancestry, pregnancy, parental status, citizenship status, disability, genetic information, military status, gender identity and expression or marital status.

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