Risk Manager

Manager of Model Risk Management Irving, TX/en-US/FHLB_Careers/job/Irving-TX/Manager-of-Model-Risk-Management_REQ-80/apply
FHLB Dallas actively pursues dedicated and hardworking individuals to be a part of our professional team. Positions are offered on an as-needed basis for all departments. View our current opportunities by clicking the View Open Positions tab above.

PRIMARY RESPONSIBILITIES:

• Supervises assigned employees, allocates work and makes decisions and recommendations involving employment, performance reviews, training and development, salary, promotion and transfer. Creates an inclusive work environment that enhances employee engagement and enables all employees to reach his/her full potential.
• Reviews and validates a broad spectrum of models. Coordinates and oversees third-party model validation efforts consistent with Bank requirements and standards. Oversees the validation and review of all models used by the Bank in compliance with FHFA regulation and guidance.
• Assists the Director in developing, implementing, and maintaining the Banks policies, standards, guidelines and procedures for model validation/review and other model risk management processes.
• Assists the Director in preparing materials for the Model Risk Management Committee.
• Researches a wide variety of topics, theories, and methodologies including regulatory matters, emerging model risk trends and model risk management best practices.
• Effectively communicates the Banks model validation and review framework, standards, procedures and philosophy to internal stakeholders, examiners, internal audit, and others.
• Assume additional responsibilities as assigned.

JOB REQUIREMENTS:

• Masters degree in a quantitative discipline (e.g. Statistics, Applied Mathematics, Economics/Econometrics, Actuarial Science /Insurance, Quantitative Finance, etc.). A Ph.D. degree is preferred. Previous manager/lead experience is preferred.
• Minimum of 5 years of significant experience in model development and/or validation with major financial institutions or insurance companies. Deep understanding of model risks throughout model life cycle.
• Broad knowledge on modeling and analytics across various risk/model types, including credit risk, market risk, capital market valuation, operational risk, liquidity risk, and propensity to develop subject matter expertise in other new risk/model types.
• Professional designation of CFA, FRM, FSA or ASA is preferred.
• Expert level of proficiency in SAS (STAT and ETS), Excel, VBA and SQL. Must have experience in handling large-scale dataset and ETL process.
• Strong understanding of model risk management regulations and general controls requirements.
• Effective presentation and communication skills. Strong written communication skills are essential. Constructive conflict management ability must be able to collaborate effectively with model owner/sponsor counterparts. Be able to present complex modeling issues in a simple manner that is accessible to senior management.

FHLB Dallas Offers a Professional, Inclusive Culture
FHL Bank Dallas employees are committed to and exemplify the following principles:

• Service to our members is first and foremost
• All business will be conducted honestly and ethically
• Each employee contributes to customer service by directly serving our members or supporting those who do
• Interaction with members should focus on building professional relationships and helping customers achieve their goals
• Cooperation and teamwork throughout and across all levels of FHLB Dallas are essential to its effectiveness
• Colleagues and members will be treated with the utmost respect and dignity

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job-related criteria without regard to visible and non-visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.
Posted TodayFull timeREQ-80
The Federal Home Loan Bank of Dallas (FHLB Dallas) is a part of the Federal Home Loan Bank System, created by an Act of Congress and signed into law by President Herbert Hoover on July 22, 1932, to provide capital for mortgage funding during the Great Depression.

The System has 11 banks around the United States, serving as an affordable, flexible source of funding for some 7,000 financial institutions. FHLB Dallas is one of these 11 banks.

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