Auto req ID 285975BR

HR Job Code 100384 Risk & Control Dir

Job Profile

• Directs and designs the risk management program and corresponding communication strategies. Reviews and challenges compliance with programs.
• Ensures the risk management program is maintained and enhanced to support the businesses in managing their risks while meeting regulatory expectations.
• Oversees the timely and proper execution of the risk management program within and across the lines of business. Includes consultation to execute the program components.
• Provides risk expertise while working with the businesses and other risk partners (e.g., Compliance, Technology Risk, etc.) to proactively identify risk exposures across PNC.
• Oversees the reporting of business self assessment results (including new initiatives, business as usual activities, and risk management program) to higher level management.

Position City PA - Pittsburgh

Position Title Risk and Control Director

Line of Business Risk Management

Building Location PAA46 - Three PNC Plaza

Job Type Regular

Total Hours Per Week 40

Job Status Full Time

Shift Daylight

EEO Statement PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law

Location(s) PA - Pittsburgh

Required Education and Experience

Roles at this level typically require a Masters or PhD and certifications in specific job-related areas. Significant industry-relevant and management experience (10+ years) is typically required. 15+ years typically required in lieu of a graduate degree. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Leadership Competencies

Builds Winning Teams - Subject Matter Expertise

• Develops talent by creating engaged, inclusive and diverse teams who are empowered to speak freely and act with integrity.

Leads Effective Change - Subject Matter Expertise

• Recognizes the need for, takes personal accountability to adapt, and leads others through organizational change.

Drives for Results - Subject Matter Expertise

• Demonstrates energy and a desire to succeed; follows through on commitments; pushes self and others to deliver exceptional results.

Establishes Vision and Purpose - Subject Matter Expertise

• Creates a compelling vision of the future and translates it into action, linking others' contributions to the success of PNC.

Job Specific Competencies

Organizational Savvy and Politics - Subject Matter Expertise

• Knowledge of organizational politics and political tactics; ability to effectively navigate formal and informal communication and decision-making channels.

Decision Making and Critical Thinking - Subject Matter Expertise

• Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

Planning and Organizing - Subject Matter Expertise

• Mobilizes both time and resources to get things done.

Internal Controls - Extensive Experience

• Knowledge of and ability to create, implement, evaluate and enhance processes in internal controls.

Fraud Management - Subject Matter Expertise

• Knowledge of and ability to employ internal controls and to enhance business strategies for the purpose of detecting, correcting and preventing fraudulent activities.

Process Management - Subject Matter Expertise

• Knowledge of business process improvement tools and techniques and ability to understand, monitor, update, or enhance existing business or work processes.

Problem Solving - Subject Matter Expertise

• Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply this knowledge appropriately to diverse situations.

Operational Risk - Subject Matter Expertise

• Knowledge of policies and processes for operational risk management; ability to use tools, data, and best practices to identify, assess, and manage operational risk exposures.

Core Competencies

Manages Risk - Subject Matter Expertise

• Assesses and effectively manages all of the risks associated with their business objectives and activities to ensure activities are in alignment with the bank's and unit's risk appetite and risk management framework.

Customer Focus - Subject Matter Expertise

• Knowledge of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions, and ability to leverage that information in creating customized customer solutions.

Position Overview

As a Director of Model Risk Governance & Control within PNC's Model Risk Management (MRM) organization, you will be based in Pittsburgh, PA. The incumbent of this position reports to the Chief Model Risk Officer (CMRO) & manages a team of 10 staff members including an administrative assistant.

Governance

The incumbent defines, manages & tracks PNC's bank-wide MRM framework & controls program to ensure proper management of model risk & compliance with regulatory guidance on MRM. He/she partners with key constituents in each of PNC's eight businesses & functional areas to formulate & implement controls & processes to manage model risk. Ensure all aspects of compliance with regulatory guidance for model risk management are identified & acted upon. Assist & train first line of defense personnel in these processes & their roles in model risk management.

Responsible for PNC's MRM Policy & the Model Lifecycle Procedures (MLP), & periodic updates & clarifications. Collaborate w/first line on model risk management activities & changes to the policy & procedures. Be responsible for management & revision to templates used by the first & second line that are tools that aid in compliance with the MLP. These include model validation templates, model documentation templates, exception approval templates, compensating measure logs, etc.

Provide thought leadership on current & future practices & processes for managing model risk within PNC & implement those improvements as part of PNC's overall MRM program. Ensure PNC's program remains in line w/standard practice in the industry & regulatory expectations as both evolve.

Act as secretary, prepare agenda, & distribute materials for the MRM Committee. Moderate the meeting if the CMRO is absent. Prepare agenda & materials for regulatory meetings & run the meeting in the absence of the CMRO.

Manage MRMGs' interactions w/Internal Audit, Regulators, & Consultants.

Update training materials on MRM for the first line. Set up a program with Corporate Training to ensure first line participants take required model risk management training.

Interact with the Operational Risk Domain & ensure MRMG is compliant with all relevant aspects of the operational risk management program.

Control

FIRST LINE CONTROLS: Manage a team of five people responsible for testing of the first line's compliance w/MRM controls.

MRMG'S OWN INTERNAL CONTROLS: Design & execution of a well-controlled process to ensure model validations are performed according to MRMG's high standards. Testing of MRMG's internal controls designed to ensure their own processes are followed.

Manage a team of 3 responsible for administering the validation process of PNC's 400 models. Collaborate with the first line to plan validations, gather materials & sign-offs from the first line to initiate validations, track validation project through completion, ensure quality control of validation reports prior to publication, add any issues to MRMG's issues management database, & ensure MRMG complies with its own document retention requirements related to validation reports, associated artifacts & work papers, & model data.

Write PNC internal procedures & administer & test MRMG's internal controls to ensure they've been carried out effectively.

Act as the COO for MRMG. At times the incumbent will be asked to sit meetings for the CMRO, & will work w/Enterprise Risk Management to ensure MRMG is fulfilling any commitments & tasks required of the risk domains under the CRO.

Preferences/Skills

12 plus years experience with a financial institution. Experience with governance, policy, and control frameworks within the banking industry is preferred.

Requires ability to organize and manage numerous processes and projects on tight schedules.

Requires excellent people management skills and ability to influence, but consider points of view, of multiple constituents.

Excellent communication skills-both verbal and written-are essential. This is a very visible position within the bank and the incumbent will interact with many constituents at various levels throughout the bank to syndicate new ideas and processes, and promote buy-in.