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Senior Manager of Model Risk Management

2 months ago


Chicago, Illinois, United States Crowe Global Full time
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 Overview:

The Senior Manager of Model Risk Management will be accountable for overseeing and executing consulting engagements for a diverse range of financial services clients. This role primarily involves advising clients on model risk management protocols and delivering model validation services, particularly in the areas of credit risk, finance, and treasury management models (including asset liability management, liquidity, and interest rate risk).
  • Oversee, mentor, and evaluate the performance of junior consultants.
  • Manage critical components of client service projects from inception to conclusion.
  • Establish trust with client leadership by offering sound recommendations and solutions, fostering meaningful relationships.
  • Assist in proposal and business development efforts by identifying potential clients, cultivating relationships with key stakeholders, and crafting and presenting proposals.
  • Stay informed on industry trends and client challenges to spearhead the creation of new services and solutions.
Qualifications:
  • Advanced degree in Finance, Statistics, Financial Engineering, or Economics, or a comparable combination of education and experience.
  • 8+ years of experience in financial institutions, Big 4 firms, or regulatory oversight of financial entities.
  • Demonstrated success in business development, relationship management, and innovative solution creation.
  • In-depth knowledge of:
  • Model risk management regulatory guidelines (SR 11-7, OCC, FDIC FIL).
  • Types of credit risk models (e.g., CECL, PD/LGD, Roll Rate, Scorecards, Stress Testing, etc.).
  • Other model categories (e.g., Asset Liability Management, Pricing, Mortgage Servicing Rights, etc.).
  • Hands-on experience in model validations or model development, including methodologies such as back testing, stress testing, sensitivity testing, and benchmarking.
  • Technical expertise in data processing, storage, and visualization.
  • A proactive individual capable of managing multiple priorities, resourceful in problem-solving.
  • Ability to draft and present clear, concise reports and presentations with actionable insights.
  • Lead and deliver significant projects that provide value to clients through effective project management and knowledge transfer.
  • Capability to guide and manage a team effectively.
  • Ensure project quality and adherence to budget constraints.
  • This position may involve travel, but it is not anticipated to exceed 25%.
Additional Skills Preferred:
  • Strong analytical skills and familiarity with econometrics.
  • Understanding of risk ratings, scorecard methodologies, model governance, CECL, DFAST, CCAR, and capital allocation methods is advantageous.
  • Experience with statistical software such as SAS, Matlab, Stata, Python, and R.
  • Proficiency in database management, particularly SQL.
  • Familiarity with data visualization tools like Microsoft Power BI and Tableau.
  • Basic knowledge of trends in artificial intelligence and machine learning.
  • Professional certifications are 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.

Our Benefits:

At Crowe, we know that great people are what makes a great firm. We value our people and offer employees a comprehensive benefits package. Learn more about what working at Crowe can mean for you

How You Can Grow:

We will nurture your talent in an inclusive culture that values diversity. You will have the chance to meet on a consistent basis with your Career Coach that will guide you in your career goals and aspirations. Learn more about where talent can prosper

More about Crowe:

Crowe is one of the largest public accounting, consulting and technology firms in the United States. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Crowe LLP provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Crowe LLP does not accept unsolicited candidates, referrals or resumes from any staffing agency, recruiting service, sourcing entity or any other third-party paid service at any time. Any referrals, resumes or candidates submitted to Crowe, or any employee or owner of Crowe without a pre-existing agreement signed by both parties covering the submission will be considered the property of Crowe, and free of charge.