VP Model Risk Management

VP Model Risk Management

Come work with us :

Metropolitan Commercial Bank (the "Bank") is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE : MCB).

Position Summary :

The Vice President Model Risk Manager with extensive big-bank experience, strong technical expertise, and proven capabilities in model risk management, risk reporting, and large-scale data management, will be responsible for developing, maintaining, and enhancing the Bank's Model Risk Management framework in compliance with regulatory guidance (e.g., SR 11-7). This individual will be well-versed in regulatory requirements, model governance frameworks, and secure data practices, enabling a more resilient, compliant, and value-added risk management function. The Model Risk Manager will oversee the governance, validation, monitoring, and reporting of models used across the Bankincluding BSA / AML, Credit, CECL, ALM, Capital planning, Stress testing, liquidity, and other decision-support models.

The ideal candidate will combine strong quantitative skills with practical banking experience, expertise in data quality and visualization, and the ability to clearly communicate technical model risk findings to senior management, regulators, and business stakeholders. The knowledge and ability to conduct thorough model validations and reviews is a critical responsibility for this position.

The successful candidate for this role will be a proactive and analytical individual with a solid understanding of risk management principles, excellent communication skills, and the ability to work collaboratively in a dynamic environment. This role reports to the Director of Model Risk & Risk Reporting and will be based in New York City.

We have a flexible work schedule where employees can work from home one day a week.

Essential duties and responsibilities :

Governance and Policy Compliance :

• Support and enhance the Bank's Model Risk Management policy, procedures, and control framework.
• Maintain a comprehensive model inventory, ensuring accuracy, completeness, and appropriate model tiering.
• Oversee and lead model lifecycle governance, including development, implementation, use, monitoring, and retirement.
• Ensure full compliance with SR 11-7, CECL, and other regulatory guidance.

Model Validation & Review :

Data Governance & Reporting :

Monitoring & Issue Management :

Stakeholder Engagement :

Continuous Improvement :

Required knowledge, skills and experience :

Potential Salary : $200,000- $230,000 annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.