Model Governance and Operations Director page is loaded

Model Governance and Operations Director

Apply remote type Remote Eligible, Canada locations Remote, Canada time type Full time posted on Posted 3 Days Ago job requisition id R63381

Overview:

Responsible for management and oversight of model risk governance and operation teams to create, manage and enforce policy and procedures based on regulatory requirements and industry best practices. Ensures efficient execution of the model risk management program through implementation and execution of workflows and project management, model meta data management and reporting.

Primary Responsibilities:

• Manage a large team of professionals (including contractors and vendors) responsible for model governance and model operations.
• Create, manage, execute, monitor and update processes and plans for all validation and production governance activities and to ensure appropriate controls, quality assurance, and criteria are enforced for all materials consumed by (Model Risk Management Department) MRMD from the 1st line.
• Develop, maintain, and communicate model risk management policy, procedure and guidelines ensuring that they reflect industry best practices and align with prevailing regulatory guidance.
• Collaborate closely with Model Validation teams to ensure understanding and effective implementation of the model risk management program.
• Conduct enterprise-wide model inventory and attestation processes to ensure comprehensive, complete and accurate inventory of models, findings and performance.
• Create and maintain relevant, effective and comprehensive model risk materials to ensure stakeholders at all levels are educated in and aware of roles, responsibilities and risk.
• Create, manage, and update comprehensive and accurate industry-strength database to capture model metadata, lifecycle components and to build intelligence needed to reduce time required to commence validation activities.
• Create, execute, and update reporting ensuring that all MRMD documentation meets appropriate quality controls prior to publication; manage and maintain a repository of all final MRMD publications
• Serve as key point of contact, building strong internal and external relationships including regulatory examiners and auditors.
• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
• Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
• Promote an environment that supports diversity and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Scope of Responsibilities:

The position requires the ability to plan, organize and supervise work of staff and produce results; serve as a champion of change and innovative solutions; and has the ability to communicate a common vision to others. The position has significant uncertainty with discretionary solutions and heavy latitude. There is a high risk to the organization inherent in position. The incumbent must build and maintain relationships with internal and external customers/outside vendors in a manner that maximizes shareholder return.

Supervisory/Managerial Responsibilities:

Responsible for multiple direct reports.

Education and Experience Required:

Bachelor's degree and a minimum of 11 years' relevant work experience, or in lieu of a degree, a combined minimum of 15 years' higher education and relevant work experience.

Minimum of 4 years' managerial experience.

Proficient in the use of personal computers including word processing, spreadsheet, presentation, and industry specific software.

Strong analytical skills.

Excellent verbal and written communication skills.

Strong interpersonal skills necessary for business partner relationships within and outside organization.

Detail oriented.

Self-motivated.

Education and Experience Preferred:

Master's degree in Business Administration (MBA) or advanced degree.

Certifications like PRM, FRM, Six Sigma, Certified Scrum Master or Certified Agile Coach

or CFA.

Minimum 15 years' operations experience.

Minimum 10 years' supervisory/ managerial experience.

Knowledge of pertinent Bank systems.

Programming skills including Python for creating automated reports, tasks, and actions

Familiarity with SR 11-7, SR 15-18, SOX, etc.

Location

Toronto, Ontario, Canada

About Us

At M&T Bank, we make a difference in people's lives . For more than 160 years, we've been providing our customers with guidance and financial solutions, leading our communities through challenges and growth opportunities, and empowering our employees to build purpose-driven careers.

Our talent and culture set us apart. Our core values drive the work we do – integrity, ownership, collaboration, curiosity, candor. We seek to further build upon our record of success by bringing in diverse talents and fresh skill sets while supporting the growth and development of all team members. At M&T, we are a talent and people driven organization. Take a peek inside M&T's Human Capital Report to learn how it feels to be one of our 17,000+ employees.

We are constantly renewing. Our future success relies on our ability to understand what's important to our customers and use that understanding to build new and innovative customer experiences.

We support our employees every step of the way.

• Competitive compensation
• Full medical & dental benefits, Heath Savings & Flexible Spending Accounts, and life/disability insurance
• Generous paid time off (PTO) plus 11 paid holidays and an option to buy additional PTO
• 401(k) match at 5% with options for Roth and discretionary employer contributions
• A deep commitment to equity, including 14 resource group charters, a D&I sponsorship program, 40 annual paid volunteer hours and more
• Various options for tuition assistance, paid parental leave, stock purchase, wellness and employee discounts

We need you. Are you ready to join us? Apply today to start the journey.

If you are unable to apply through this site due to technical issues or are in need of an accommodation to apply, please contact us at [email protected] for assistance.

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.

M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

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