PURPOSE OF POSITION
The Model Risk Management unit is responsible for Model Risk Management for BBVA Compass as well as BBVA USA. Central to its purpose is making sure that model risk across the enterprise is appropriately identified, modeled, validated, understood, documented and incorporated into management routines as appropriate. Model Risk Management is also responsible for overseeing the program’s compliance with regulatory requirements, including SR 11-7, SR 15-19, and OCC 2011-12.
This role will support the execution of the Bank’s model validation process and ensure the ongoing implementation of model validation best practices. The objective of the validation process is to provide reasonable assurance that the qualifying models used in capital stress testing, risk measurement, pricing and profitability, compliance, fraud, anti-money laundering, and management decision making are working as intended, and to provide recommendations for ongoing model improvement to enhance model effectiveness.
KNOWLEDGE, EXPERIENCE, AND COMPETENCIES – Senior Role