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Vice President
Mitsubishi UFJ Financial Group
San Francisco, CA, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary:
The Americas Model Risk Management (AMRM) is responsible for the management of enterprise-wide model risks associated with the Bank's development, deployment, and maintenance of quantitative models.
Major Responsibilities:
• Assist in developing, maintaining, and implementing the Bank's Model Risk Management Program.
• Assist in establishing standards for managing areas of model risk: Development and implementation, governance and documentation, and model performance.
• Perform independent validations of various models in the enterprise-wide inventory. Manage the resolution of findings with model owners and users, recommend management action plans, and track remediation progress. Validation scope includes assessment of model conceptual soundness, evaluation of data and assumptions, testing model computational accuracy, and performing outcomes analysis (such as back-testing and benchmarking).
• Monitor model performance reports on an on-going basis to ensure models remain valid.
• Consult with model users on the design of effective model operational controls.
Qualifications
• Typically requires an advanced technical degree in finance, financial engineering, economics, mathematics, statistics, engineering, or related fields (PhD preferred). Industry certifications a plus (e.g., CFA, FRM).
• Five to ten years of experience within the financial services industry.
• Proven track record of strong technical model development, model validation, and/or model oversight in one or more of the following areas: credit risk management, CCAR/DFAST stress testing, consumer lending, Allowance for Credit Losses and Current Economic Credit Loss (CECL).
• Knowledgeable about model risk management and associated regulatory requirements such as FRB’s SR 11-7/OCC’s 2011-12.
• Strong project management capabilities.
• Excellent verbal and written communication skills.
The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.