FCRM Specialist-Quantitative Models

Bank of Hope•Los Angeles, CA

1d•$160,000 - $175,000•Onsite

About The Position

The FCRM Specialist - Quantitative Models position supports the FCRM department’s use of models and quantitative tools in its efforts to protect the bank from financial crimes and meet its regulatory obligations. This role acts as the primary contact and liaison between FCRM and Model Risk Management (MRM) department; responsible for writing and maintaining model development documents, supporting model validation engagements, and coordinating other related MRM documents and activities. This role is also responsible for managing ongoing tuning and optimization of models (as applicable) and supervising model governance activities.

Requirements

Bachelor's degree in quantitative fields, such as economics, mathematics, statistics, and computer science/engineering or other relevant discipline.
Minimum of 10 years in relevant work experience in the following areas: Model risk management in relevant capacity, including first line model owner, second line model risk management, and third line internal audit.
Leading the development, implementation, and ongoing operations of BSA/AML/Sanctions tuning and optimization program.
Experience with statistical modeling/data mining (decision tree, logistic regression, cluster analysis, etc.). A plus related to BSA/OFAC and fraud in the banking industry.
Exemplary personal discipline and ability to execute job duties on time, every time
Impeccable attention to detail and able to concisely present findings
Ability to keep meticulous records and document all processes as required
Strong interpersonal skills and ability to provide constructive feedback in a tactful manner
Able to identify risks and offer mitigating actions and recommendations
Ability and strong desire to executive goals and align activities to the overall strategic vision of the FCRM Program and Bank of Hope
Communicate effectively to both internal and external parties
Ability to manage multiple, time-sensitive team and individual deliverables simultaneously in a dynamic work environment
“Can-do” attitude and excellent sense of humor

Nice To Haves

Advanced or working knowledge in programming (MS SQL and Access, ASP.NET, C#, Visual Basic, HTML, JavaScript), database design, and business applications (MS Office suite, MS Project, MS Visio)
CAMS Certification or equivalent

Responsibilities

Act as Model Owner for all FCRM models and non-model tools
Lead the documentation, deployment, maintenance, and enhancement of models and optimization programs for the FCRM Department
Document appropriately and ensure models are compliant with Bank of Hope’s MRM Model Governance Policies regarding Change Management, Model Performance and Operational Controls
Create and maintain Model Owner documentation as required and in accordance with Bank of Hope MRM’s guidelines
Coordinate with MRM on model validation engagements, including planning model validation and provisioning of request items
Work with model users to ensure adequate testing and documentation of performance monitoring
Lead and assist in tuning (i.e., above-the-line and below-the-line) of FCRM systems as applicable, including BSA transaction monitoring systems, OFAC filtering systems, and other model and non-model related tools
Lead and participation in ongoing governance of FCRM models and tools, including preparing analysis and presentation to the AMBRS Oversight Group
Build and maintain positive relations within Risk, FCRM, Business Line teams, and model users
Assist in developing and delivering specialized training for selected model users
Provide quantitative data analytics support on special investigative projects, as required
Conduct special projects for Data and Technology – Unit Manager or designee, as required