Working at The Bank of Missouri

At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

About our Company

Staying in business for more than 125 years is hard. Really hard. If you think about it, we’ve endured many events, like the Great Depression and two World Wars. We’ve survived and thrived, thanks to our great customers and communities. We were founded on core values of accountability, community service and financial conservatism. Those principles are the reason we are still in business today. Caring for people and communities is our foundation!

We’ve built a reputation of being financially secure and community focused. We are an independent community bank and fully intend to stay that way. We are big enough to accommodate any financial need, yet small enough to give every customer the personal treatment they deserve.

Here are some of the great benefits you will enjoy as a member of our team:

• Competitive Salary
• Personal paid time off, as eligible and paid holidays
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

About this job:

As Audit & Model Risk Management you will coordinate audits and model validations, track audit and model validation findings to completion, and perform various model risk management duties. This role will also be responsible for coordinating audits of banking as a service partners, tracking audit and model validation exceptions and preparing exception update reports. Other responsibilities will include assisting with model risk management duties across the organization and with third parties. Strong communication skills will be necessary to work with external bank partners and across all internal business lines.

As Audit & Model Risk Management you will:

• Coordinate various bank audits, track audit findings, prepare corresponding reports, and assist with MRM activities
• Coordinate audit and model validations by scheduling meetings and acting as the main contact for interactions between external firms, internal employees and other third parties
• Track resolution of audit and model validation observations and prepare corresponding reporting for management and oversight committees
• Facilitate proper payment of audit and validation invoices
• Assist with maintaining the entity-wide model inventory listing
• Perform model risk assessments and determine corresponding validation scope and frequencies for each model
• Review model risk management procedures within line-of-business departments
• Research to assist in selecting firms to perform audit or validation work
• Ensure audit and model validation activities comply with regulatory guidelines
• Assist with monitoring regulatory changes that may affect needed audits or model validations
• Maintain knowledge of audit and model risk management industry best practices, trends in the markets and their impact on the bank
• Provide input into ongoing development and refinement of the audit and model risk management frameworks
• Interact with regulators on audit and model risk management issues
• Assist with other audit department and model risk management functions, as needed
• Mid-level practitioner whose work requires little review

Qualifications for Success:

• Bachelor's degree (B. A.) from four-year College or university
• The bank is ideally looking for candidates with 3+ years of experience in model risk, experience and knowledge working with credit underwriting models, solid understanding of model development and validation testing across risk models, and strong communication skills
• 3 or more years of model development, validation and/or governance experience with the various models utilized by banks
• 3 or more years of experience maintaining a model inventory, completing model risk assessments, and assessing model changes
• Experience in developing procedures and guidelines for a model risk management program
• Strong understanding of regulatory expectations for model risk including FDIC FIL 2017 – 022 and other related guidance
• Experience tracking model validation findings and preparing corresponding management reports
• 3 or more years of experience working with or for banking as a service partners
• Experience assisting with all aspects of bank internal & external audits and regulatory examinations

The Bank of Missouri is an Equal Opportunity Employer