Overview

　　Reporting to the Head of Model Risk Management (MRM), this role will join a talented and dynamic team responsible for managing the credit union's model risk. Specifically, you will lead model risk for a portfolio of business unit models (i.e., Finance, Retail Bank, Capital Planning), assist in the development of the enterprise level MRM program, collaborate with NFCU business units to identify and manage model risks, recommend solutions, ensure sound model governance practices, and elevate modeling across NFCU. As a leader, you will use your understanding of the businesses and context around model use and model decisions to ensure that models are used appropriately, and that model users are aware of the models' weaknesses and limitations and how these can impact their decisions. In addition, the role provides thought leadership to build independent model validation practices and ongoing model risk management activities, serves as a subject matter expert in model development and model risk management, manage the daily activities of technical model validation staff, and supports executive management in evaluating enterprise model risk and in developing strategies to mitigate and control model risk.

　　Responsibilities

　　Lead and drive a team to implement activities defined in the model risk management framework, including independent validation of internally developed and vendor models across the businessesIdentify sources of risk in models, review model findings for appropriateness, consistency, and clarity and track model risk themesChallenge business unit models and lead transparency around model weaknesses/limitations and impact to business decisions, and for the overall improvement and innovation of modelsCommunicate model risk activities (e.g., validations) through formal validation reports as well as thorough presentations to model owners, senior/executive management, model developers, and other stakeholdersDevelop/update model validation programs in line with overall MRM objectivesInstill model risk management principles and raise awareness of model risk management throughout the enterprise; stay informed on industry trends and general MRM practicesProvide informed and objective challenge to executive and management on model risk activities through clear and concise communicationsPartner with business units to maintain a complete model inventoryCollaborate with business units to ensure effective model documentation is provided, model controls and best practices are in place, and adequate information is provided to MRMOversee the development of challenger models and model critical analysesCoordinate and guide staff as necessary to conduct comprehensive analysis within defined timelinesEnsure quality and accuracy of model assessments and that recommendations align with business expectations and needsManage model validation resource plans and project timelinesAdvise business units on remediation to prevent negative model impacts to Navy Federal's financials, reputation, and strategic plansProvide and maintain deep and up-to-date knowledge of relevant industry standards, best practices, and business processes and technology used in model risk management and model development within the financial services industryInfluence adoption of modeling advancements to deliver business valueRepresent MRM on teams and task groups for projects/initiatives across the organization and act as a source of effective challengeManage relationships to ensure effective collaboration with all business units, risk management and compliance groups, procurement, 3rd party representatives, and all other relevant stakeholdersPerform outreach activities to new business areas engaged in modelingPerform supervisory/managerial responsibilitiesPerform other duties as assigned

　　Qualifications

　　Independent, accountable, and skilled in exercising sound judgment and decisiveness under pressureManagement experience in model development or validationExperience leading high performing teams and ability to develop and maintain relationshipsAbility to communicate clearly and precisely on technical and business topicsFamiliar with the latest technology in advanced modeling approachedExtensive experience with models in multiple business uses (credit, underwriting, finance, marketing, loss forecasting, fraud detection, customer churn, staffing, etc.)Experience with multiple modeling types such as: classification, regression, time series, clustering, text analytics, survival, association, optimization, reinforcement learning.Advanced expertise with statistical software (e.g., R, Python, SPSS Modeler, and/or SAS) to manage large data sets and to develop modelsAbility to interpret analytics and statistical results for presentation to a variety of audiences including executive leadershipSignificant experience working in or consulting for financial institutions in a modeling or analytical contextExpert thought-leadership, initiative-taking, decision-making and creatively solving business problemsExtensive experience managing multiple priorities independently and/or in a team environment to achieve goalsStrong analytical and quantitative skills to understand and validate models effectivelyStrong communication skills and confidence in speaking with internal and external stakeholdersAdvanced skill building effective relationships through rapport, trust, diplomacy, and tactAdvanced skill to influence, negotiate, persuade, and build consensus to reach agreeable exchange and positive outcomes with business partnersMaster's or advanced degree in a Computer Science, Data Science, Statistics or related field, or the equivalent combination of training, education and experience

　　Desired Qualifications

　　Experience with automated risk modeling systems and softwareExperience with credit union financials and/or NCUA regulationsExperience working in a 2nd line of defense MRM governance rolePhD in Data Science, Statistics or related field

　　Hours: Monday - Friday, 8:00AM - 4:30PM

　　Location: 820 Follin Ln, Vienna, VA 22180

　　About Us

　　You have goals, dreams, hobbies, and things you're passionate about-what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them-friends, family, and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:

　　• Military Times 2022 Best for Vets Employers

　　• WayUp Top 100 Internship Programs

　　• Forbes® 2022 The Best Employers for New Grads

　　• Fortune Best Workplaces for Women

　　• Fortune 100 Best Companies to Work For®

　　• Computerworld® Best Places to Work in IT

　　• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

　　• Fortune Best Place to Work for Financial and Insurance Services

　　Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

　　Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

　　Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.