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Ford Motor Company
Model Risk Management Lead- Ford Credit Bank
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Based on Maine data
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What they do
A Risk Manager evaluates risk and recommends and manages strategies to mitigate or offset risks that could result in financial losses for a company or organization. Analyzes current risks and assesses potential new risks. Reviews contracts and insurance policies; prepares risk budgets. Communicates risk policies and procedures to staff at all levels of a company.
$104,202 / year median in Maine
Job Description
We made history and now we work to transform the future - for our customers, our communities and our families. You'll see your work on the road every day, helping people move freely and pursue their dreams. At Ford, you can build more than vehicles. Come build what matters. The Ford Motor Credit Company team helps put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service and professional expertise to thousands of dealers and millions of customers in over one hundred countries around the world. Ford Motor Credit Company ("Ford Credit") has received regulatory conditional approval to form Ford Credit Bank (the "Bank"), to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, EV Infrastructure and software and will accept deposits with competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Credit, an indirect wholly owned subsidiary of Ford Motor Company ("Ford"). The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank. Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It's a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world's most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an "always on" relationship with customers and continuously improving our user experience.
- In this position...
- Play a vital role in an exciting and dynamic team of banking professionals to stand up and begin operations of the de novo Bank.
- What you'll do...
- + Provide oversight of the execution of the Bank's Model Risk Management Program to align with the Bank's risk appetite and align with supervisory guidance SR 26-2 + Oversee the independent validation of all models, ensuring that they are conceptually sound, statistically robust, fit for their intended purpose, and all validation activities and conclusions are adequately documented consistent with Bank policies and procedures, which also includes oversight of non-models and end user computing (EUC) + Maintain a robust model inventory, ensuring accurate and complete development and validation documentation of all models used within the Bank + Review result of ongoing model performance monitoring and escalate deteriorating model performance + Monitor and ensure that models are used in line with the approved use and use plan + Track and report on model issues and review completed issue remediation + Assist in reporting of consolidated view of model risk across the Bank, including significant individual model risk and model risk in the aggregate, the state of compliance with and recent and outstanding exceptions + Collaborate effectively with model owners, developers, business stakeholders, and other department heads to deliver on specific objectives and initiatives + Communicate model risk management policies, procedures, and expectations to stakeholders across the organization + Stay abreast of industry trends, regulatory changes, and emerging risks related to model risk management + Assist in regulatory examinations, internal audits, and external audits of the model risk management program.
- You'll have...
- + Bachelor's degree in a highly quantitative discipline (e.
- Immediate medical, dental, vision and prescription drug coverage
- Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
- Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
- Vehicle discount program for employees and family members and management leases
- Tuition assistance
- Established and active employee resource groups
- Paid time off for individual and team community service
- A generous schedule of paid holidays, including the week between Christmas and New Year's Day
- Paid time off and the option to purchase additional vacation time.
- This position is a salary grade 8 and ranges from $94,800-$166,200.
- Final determination of salary grade will be based on candidate's skills and experience, and base salary will be set within the applicable range according to job scope, responsibility and competitive market value. For more information on salary and benefits, click here: https://fordcareers.co/GSR
- Visa sponsorship is not available for this position.
- Candidates for positions with Ford Motor Company must be legally authorized to work in the United States.
- \#LI-Remote#LI-FordCredit #LI-MN1
Benefits
- Paid Time Off (PTO)
- Financial Aid/Assistance
- Health Insurance
- Dental Insurance