Risk Modeling Manager jobs in Arlington, TX

Risk Modeling Manager oversees the strategic business analysis modeling activities involved in an organization's credit risk management function. Develops and evaluates systems associated with controlling credit risk. Being a Risk Modeling Manager determines strategies and policies that maximize profits and asset growth, and minimize credit and operating losses and other risk exposure. Requires a bachelor's degree. Additionally, Risk Modeling Manager typically reports to top management. The Risk Modeling Manager manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Risk Modeling Manager typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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Manager, Internal Audit, Risk Analytics/Modeling
  • Charles Schwab Inc.
  • Westlake, TX FULL_TIME
  • Your Opportunity

    The Internal Audit Department (IAD) of The Charles Schwab Corporation provides independent and objective assessments to figure out whether all significant risks are identified and appropriately reported by management and risk functions to the Board and Executive Management, to evaluate whether risks are adequately controlled, and to challenge Executive Management to improve the efficiency of governance processes, risk management, and internal controls.

     

    The Corporate Internal Audit team is seeking a Manager, Internal Audit, Risk Analytics/Modeling. The Corporate team is responsible for execution of audits over the firm’s corporate and risk management functions including model risk.  We are hiring a quantitative manager to perform testing as part of audit reviews of model development, governance and validation controls. This individual will contribute to the Corporate Internal Audit team.  The candidate will need strong quantitative acuity and developing understanding of how financial models are used in business contexts. The role includes performing testing as part of audit reviews of various model types including: Capital Stress Testing (CST), Fraud, Anti-Money Laundering (AML), Machine Learning, Credit risk, Interest Rate risk, Margin risk, Investment risk, and Business Intelligence/Marketing. 

     

    What you’ll do:

    • Audit Execution:
      • Direct and supervise the design and execution of internal audits on models, ensuring work is performed in accordance with IAD methodology.
      • Participation on an audit team may include internal or co-sourced internal audit professionals.
      • Lead meetings with partners.
      • Ensure coordination with integrated and data analytic audit teams.
      • Prepare and/or review work papers to ensure clear identification of risks and issues, validating appropriateness of fieldwork testing, and sign-off on audit deliverables.
      • Handle and advance changes in audit timelines, budget, resourcing, and achievements.
      • Assess the quality of management’s Risk & Control Self-Assessments.
      • Work with capital, interest rate, liquidity and model related audit areas.
      • Perform audit reviews of model development and validation following guidelines based on SR 11-7 Guidance on Model Risk Management, to include an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment
      • Communicate work through formal audit reports and issues as well as through presentations to model owners, Model Risk Oversight (MRO) along with senior management
      • Work effectively as a team member with other quantitative analysts in Audit and at the company
      • Evaluate model performance monitoring reports, and conducting reviews of model annual reviews
      • Develop partnership with IAD business team, MRO, and model stakeholders, and summarizing findings to senior leadership and non-technical partners
      • Assist with the Model Centers of Excellence (COE) and subject matter experts including developing and supporting Model/Technical trainings to broader IAD (Senior Manager, Internal Audit)
      • Provide onboarding and ongoing support to new model team members
      • Performs initial reviews of model workpapers from a quantitative perspective to ensure effective challenge within model testing papers.
    • Issues Identification: Review draft issue observations, vet issues with key partners, identify compensating controls, and evaluate the appropriateness of the management action plan prior to finalizing the audit report.
    • Issue Management and Validation: Monitor and review issue validation testing to ensure comprehensive testing and adherence to SLAs.
    • Business and Project Monitoring: Participate in the department’s business and project monitoring program execution to identify emerging risks.
    • Risk Assessment: Participate in the annual Risk Assessment process, including the scoring and documentation of risk ratings. Review audit universe updates after the completion of each audit.
    • Coaching: Provide support, mentoring, and feedback to the audit team throughout the audit. Provide assistance with onboarding and ongoing support to new team members.
    • Regulatory: Conduct validation testing on the action plans completed by management to address MRAs. As needed, provide responses to IAD management related to regulatory questions during exams.
    • Administration/Training: Completion of firm-wide and departmental administration and training requirements.
    • Other Initiatives/Special Projects: As needed, assist with special projects related to business operational improvement or department strategic initiatives.

    What you have

    • Advanced degree in a quantitative field (economics, statistics, finance, mathematics, physics)
    • 2-3 years of work experience in quantitative modelling
    • Advanced skill with one or more analytical tools, such as SAS, R, Python, or MATLAB
    • Strong oral and written communication skills
    • Clear understanding of methodology and regulatory expectations in the execution of audit work, issue validation, MRA validation, and the response to regulatory inquiries.
    • Solid understanding of financial predictive modeling fields, such as consumer behavioral modeling, time series forecasting, dynamic equilibrium models, optimization theory, panel data analysis, and decision science
    • Experience with Non-Maturity Deposit Models, market risk analysis, and interest rate risk analysis
    • Experience working as a quant in the financial industry
    • Detailed knowledge of model governance processes and regulatory requirements for large US banks
    • CFA and or FRM certification
  • 18 Days Ago

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Senior Specialist, Internal Audit- Risk Analytics/Modeling
  • Charles Schwab Inc.
  • Westlake, TX FULL_TIME
  • Your Opportunity The Internal Audit Department (IAD) of The Charles Schwab Corporation provides independent and objective assessments to figure out whether all significant risks are identified and app...
  • 21 Days Ago

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Sr. Specialist, Internal Audit- Risk Analytics/Modeling
  • Charles Schwab Inc.
  • Westlake, TX FULL_TIME
  • Your Opportunity Charles Schwab Internal Audit Department provides independent and objective assurance crafted to make valuable contributions and improve the operations of Schwab for all partners. Int...
  • 1 Month Ago

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Risk Manager - Assessment Management Risk
  • Fidelity Investments, Inc.
  • Westlake, TX FULL_TIME
  • Job Description:The TeamDo you want to be part of a team focused on developing Next-Gen Risk Assessment & Testing capabilities? Do you want to leverage the use of technology and data analytics to opti...
  • 15 Days Ago

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Program Manager - Digital Twin of Eye - Modeling and Simulation
  • Alcon
  • Fort Worth, TX FULL_TIME
  • At Alcon, we are driven by the meaningful work we do to help people see brilliantly. We innovate boldly, champion progress, and act with speed as the global leader in eye care. Here, you'll be recogni...
  • 1 Month Ago

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Program Manager - Digital Twin of Eye - Modeling and Simulation
  • U341 Alcon Research, LLC. Company
  • Fort Worth, TX FULL_TIME
  • At Alcon, we are driven by the meaningful work we do to help people see brilliantly. We innovate boldly, champion progress, and act with speed as the global leader in eye care. Here, you’ll be recogni...
  • 1 Month Ago

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0 Risk Modeling Manager jobs found in Arlington, TX area

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Electrical (Solar PV) - Sr. Project Manager
  • Kimley-Horn
  • Dallas, TX
  • Overview: Ranked as one of Fortune Magazines 100 Best Companies to Work For, Kimley-Horn prides itself on hiring high-ac...
  • 3/28/2024 12:00:00 AM

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BIM Model Specialist
  • TDIndustries
  • Dallas, TX
  • Job Summary : Our BIM Model Specialist, manages BIM models for multi-trade collaboration efforts. Has a strong understan...
  • 3/28/2024 12:00:00 AM

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Enterprise Asset Management Delivery Specialist
  • Accenture
  • Irving, TX
  • This person can be based in any of our market office locations. We are: We are Industry X: We embed innovation, intellig...
  • 3/27/2024 12:00:00 AM

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IT Operations Manager
  • DN Tanks
  • Grand Prairie, TX
  • Our culture is rooted in a shared vision - to help keep the world's most precious resource safe - and in the core values...
  • 3/27/2024 12:00:00 AM

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Territory Manager Southeast Houston (Bilingual Spanish)
  • US Foods, Inc.
  • Houston, TX
  • ESSENTIAL DUTIES AND RESPONSIBILITIES • Foster the customer relationship in a team based selling model. • Manage deliver...
  • 3/25/2024 12:00:00 AM

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Real Estate Analyst
  • Russell Tobin
  • Dallas, TX
  • Russell Tobin & Associates is currently seeking an RMBS Analyst to work for one of our clients, a Tier 1 bank in Dallas,...
  • 3/25/2024 12:00:00 AM

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Leasing Manager
  • Lincoln Property Company
  • Dallas, TX
  • Overview If you love making people feel at home, you'll love working at Willow Bridge Property Company. Whether you're j...
  • 3/25/2024 12:00:00 AM

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Senior Financial Analyst - M&A modeling
  • VIP
  • Irving, TX
  • Seeking a Sr. Financial Analyst-Corporate Development $105,000 - $120,000 plus 5% Bonus Hybrid Tue, Wed, Th in office. M...
  • 3/24/2024 12:00:00 AM

Arlington is a city in the U.S. state of Texas, located in Tarrant County. It is part of the Mid-Cities region of the Dallas–Fort Worth–Arlington metropolitan area, approximately 12 miles (19 km) east of downtown Fort Worth and 20 miles (32 km) west of downtown Dallas. According to the U.S. Census Bureau's estimate, the city had a population of 396,394 in 2017, making it the second-largest city in the county (after Fort Worth) and the third-largest in the metropolitan area. Arlington is the forty-eighth-most populous city in the United States, the seventh-most populous city in the state of Tex...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Risk Modeling Manager jobs
$207,725 to $304,995
Arlington, Texas area prices
were up 2.2% from a year ago

Risk Modeling Manager in Las Cruces, NM
This regulation laid the foundation for assessing model risk for financial institutions around the world, but was initially targeted towards Systemically Important Financial Institutions (a.k.a., SIFIs), which were deemed by the government to be "too big to fail" during the Great Recession.
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Risk Modeling Manager in New Haven, CT
Arguably the place where data and analytics have generated the most interest among cyber insurers is around questions of aggregation management, systemic risk, and catastrophe loads on policies, according to Jonathan Laux, managing director and cyber analytics practice head at Aon's Reinsurance Solutions business.
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Risk Modeling Manager in Winston Salem, NC
Because the industry is changing so rapidly, financial institutions are compelled to ask whether their financial risk leaders are keeping up, or more importantly, keeping ahead of the change.
January 23, 2020