Brief Overview of Position

Assist the Head of Model Risk Management (MRM) in managing and leading the Firm’s Model & EUC Risk Management programs. This role offers the candidate a unique opportunity to drive enhancements to the existing Model & EUC Risk Management framework, manage external resources globally and partner with various business lines to ensure the robustness of Model & EUC Risk Management framework. The position is within the Bank’s 2LOD risk function of the Model Risk Management Department.

Responsibilities

• Assist the Head of MRM in leading the Bank’s Model & EUC Risk Management programs, providing support for the lines of business in the identification, management, and measurement of Model/EUC risk;
• Review and assess risks associated with development, testing, use and implementation of models and EUCs bank-wide;
• Acts as the Bank’s subject matter expert on model risk management and provides guidance to the lines of business to ensure sound model governance processes in accordance with the Bank’s Model Risk Management Policy and Standards as well as the regulatory guidance (SR 11-7);
• Supervise, train and review the work of external consultants to ensure quality completion of the MRM deliverables;
• Provide effective challenge to model owners on model documentation, input, assumptions used, methodology, output and model performance. Present findings to business unit and senior management. Follow up with model owners to monitor and resolve findings;
• Perform periodic reviews to monitor model/EUC performance. Evaluate model/EUC changes and present recommended actions;
• Maintain model/EUC validation and review schedule, and ensure projects are executed and completed timely against established timeframe per MRM program requirements;
• Participate in overall model/EUC governance activities, including but not limited to, model/EUC identification, vendor model contract review and advisory, inventory management, risk rating, documentation reviews, change management, and issue tracking;
• Prepare meeting materials for quarterly Model Risk Management Committee (MRMC) and other oversight committee meetings, including but not limited to, preparing agenda, risk topics, MRM program metrics, and publishing meeting minutes;
• Maintain the MRM modules within the Bank’s Archer GRC platform to effectively manage the model lifecycle;
• Provide necessary Model Risk trainings and educations to business line stakeholders to align with changing regulatory expectations and industry best practices;
• Support internal/external audit and regulatory requests as required;
• Perform other duties or support special projects as assigned.

Requirements

• Master+ degree in Statistics/Applied Mathematics, Econometrics, Finance, Economics or other quantitative discipline;
• Minimum 7 years of prior experience in the development, review, validation, and oversight of models used by financial institutions;
• Experience with common statistical and programming tools such as: R, SAS, Matlab, Python, SQL, Access, VBA or similar;
• Solid analytical background and knowledge of econometrics;
• Advanced knowledge of:
  • Model Risk Management regulatory guidance (SR 11-7, OCC 2011-12, FDIC FIL-22-2017);
  • Financial theory and models in one or more of the following areas: Credit Risk, CECL Allowance, Scorecard, Market Risk, Broker/Dealer, Asset & Liability Management, Capital and Liquidity Stress Testing, BSA/AML, Fraud, and AI/GenAI/Machine Learning Models;
• Direct experience of performing model validations or model development, including concepts such as back testing, stress testing, sensitivity testing, and benchmarking;
• Technical knowledge about data processing, data storage, and data visualization;
• Expert in Microsoft office with a strong emphasis on MS Excel;
• Consistently demonstrates clear and concise written and verbal communication skills;
• Strong ability to communicate complex technical results to non-quantitative audience;
• Self-motivated, well organized and detail oriented to handle diverse and concurrent assignments;
• Knowledgeable in risk management processes, change management, oversight and governance, process improvement, consulting, banking or similar in the financial services industry;
• Collaboration with others – team player who brings a “can-do and will-do” attitude;
• Exceptional time management skills and being able to work independently;
• Ability to perform and lead in a fast-paced, transformative environment;
• Previous management experience on leading a project and/or a team.

The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.Texas Capital is an Equal Opportunity Employer.