Hicksville, New York


A Model Risk Management (MRM) Monitoring Analyst supports the implementation and execution of a bank wide model governance program for MRM, in conformance with regulatory guidelines. This includes Governance over all phases of the model life cycle, with emphasis on model ongoing monitoring. It also includes model issues management and management committee reporting.


  • Reports regularly to the MRM Governance Manager on compliance with the Model Risk Management Framework and Procedures, including model inventory, model issues, and all aspects of the model life cycle.
  • Assists in the review and rating of model performance and controls, including establishing the model ongoing performance monitoring scope, assessment of ongoing monitoring performance results and directing communication with stakeholders.
  • Prepares portions of the monthly report to the Model Risk Oversight Committee.
  • Maintains model ongoing performance monitoring issues within the Archer Issues Management solution, including input of new issues, tracks issue due dates, follows up with model owners regarding remediation status, assists BPOs with the use of the Archer solution, and review of documentation for issue closure.
  • Responsible for model inventory management and ensures governance over all phases of the model life cycle, including new model approval, implementation, model change requests, and model decommissioning/retirement.
  • Performs quality assurance reviews on key model governance processes such as model inventory, model risk assessments, model validation schedule, and all model data within the Archer solution.
  • Provides documentation to requests from various oversight groups, including internal and external auditors, regulators, and ERM testing personnel.
  • Administers Model Identification Tools and reviews End User Computing tools for model determination.
  • Facilitates the centralized report of Model Overlays and Overrides.
  • Proactively maintains effective partnerships with the model validation analysts, model owners, business level risk management teams and internal and external auditors to execute sound model risk governance.
  • Organizes and maintains all department documentation and reporting in an efficient manner.
  • Performs special projects, and additional duties and responsibilities as required.
  • Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.


  • Bachelor's degree in Economics, Finance, Mathematics, Computational Finance or related field required.
  • Master's degree preferred.
  • Experience and familiarity with SR 11-7 preferred.


  • Knowledge of basic risk management concepts and principles and valuation of basic instruments.
  • Knowledge of financial markets, interest rates and potential impact of current economic activity.
  • Strong quantitative and analytical skills.
  • Excellent knowledge of statistics, mathematics and financial modeling.
  • Proficiency in SAS, Matlab, R and/or VBA
  • Knowledge of MS Office software including Word, Excel, Access and PowerPoint and, Visio.
  • Strong problem solving and research abilities.
  • Excellent verbal and written communication skills.
  • Good project coordination and organizational skills.
  • Ability to multi-task and prioritize work appropriately.
  • Ability to work with all levels of management and staff across all lines of business in the Bank.
  • Ability to work independently and on a team and follow through assignments to completion.


Based in Hicksville, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. New York Community Bank serves customers through over 200 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.

To learn more about the NYCB Family of Banks visit us at www.MyNYCB.com .

Help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information and any other classification protected by applicable federal, state, or local law or ordinance.

This policy against discrimination applies to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. NYCB will consider reasonable accommodations for employees and applicants with disabilities, as well as accommodations that are necessary for an employee to practice their religious faith.

Hicksville, New York

New York Community Bank (NYCB) is the largest thrift in the nation and one of the leading thrift depositories in most of the markets we serve. Our roots go back to 1859, when we were chartered by the State of New York in Queens, a borough of New York City. Since then, we have grown from a single branch in Flushing to over 200 branch offices with 8 divisions in five states. In New York, we operate through five local divisions: Queens County Savings Bank, in Queens; Richmond County Savings Bank, on Staten Island; Roosevelt Savings Bank, in Brooklyn; Roslyn Savings Bank, in Nassau and Suffolk counties on Long Island; and Atlantic Bank in Manhattan, Queens, Brooklyn, and Long Island. We also operate several branches directly under the name “New York Community Bank". In New Jersey, we serve our customers through our Garden State Community Bank division, and in Ohio we serve our customers under the name Ohio Savings Bank. Our Branches in Florida and Arizona operate under the name AmTrust Bank.

Whether working in our Retail Branch Network, Commercial Loan Division or handling one of our many corporate back-office functions, all NYCB employees play an integral role in the success of the organization.

We encourage you to learn more about us and thank you for your interest in a fulfilling career with NYCB!


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