Model Risk Manager

Come work with us:

Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

For more information, please visit the Bank’s website at MCBankNY.com.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.

About the role:

Responsible for implementing, offering continuous improvement and providing ongoing management for the bank's Model Risk Management Program in compliance with applicable regulations and industry practices. The incumbent will lead the Model Risk Management program. This position will create and drive policies, program, oversight and reporting in line with regulatory expectations and industry best practice.

The incumbent will establish cross-functional partnerships with various Business Lines to ensure strong communication, partnership and a consistent application of Program requirements and reporting. Additionally, the incumbent will use a logical, risk-based thought process and experience to perform independent analytics and effective challenge that will assist management with risk identification, root cause analysis, and ongoing monitoring of overall risk profiles. This role will be a liaison with independent testing and regulatory bodies for review and oversight along with support of Senior Risk Management for committee and board reports.

Duties and responsibilities of the job include the following (but is not limited too):

• Develop and lead the Model Risk Management program, including policies, procedures, and governance frameworks.
• Perform as Model Risk Management expert for all Business Lines; provide independent support, challenge and guidance on Model Risk Programs including development, implementation, use, validation, and ongoing monitoring.
• Ensure quality implementation, comprehensiveness and value to Business Lines, and continue to strategically advance the Model Risk Management Framework in line with organizational needs, scale and regulatory requirements.
• Establish and ensure ongoing oversight and deliverance of an effective risk management monitoring program through review, metrics, analysis and preparation of qualitative/quantitative risk assessments and reporting.
• Remain current with Model Risk regulatory guidance and industry best practices as well as emerging industry-wide risks via public domain, industry-specific organizations, and internal contacts.
• The incumbent will be a liaison with independent testing and regulatory bodies for review and oversight along with support of Senior Risk management for committee and board reporting.

Preferred experience, education, and qualifications:

• Bachelor's Degree or equivalent combination of education and experience Audit, Compliance, Risk, Business Administration, Finance, Economics, Accounting, or Data Science. Required
• 8+ years financial services industry with specific senior-level responsibilities related to Model or Operational Risk Management programs and practices; advanced understanding of operational risk, related control frameworks and practices, and existing and pending regulatory requirements. Required
• Strong understanding and experience with Model Risk regulatory guidance and requirements
• Experience with Project Management or Leadership covering cross-functional projects with proven ability to develop and execute tactical plans.
• Experience interacting with and influencing leadership Preferred.

Potential Salary: $160,000 - $180,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank 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.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.