Financial & Model Risk Director

Corporate Risk

Lake Oswego, Oregon

NA, CA

NA, Oregon

NA, United States

NA, Idaho

NA, CO

NA, United States

NA, Nevada

NA, United States

Description

About Us:

Umpqua Bank is headquartered in the Pacific Northwest with 5,000+ employees and offers banking services to customers throughout the nation. It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.

We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.

About the Role:

The Financial & Model Risk (FMRM) Director is an integral member of the Corporate Risk team.

Through close consultation with the Chief Risk Officer, other members of Executive Management and engagement with the lines of business, the FMRM Director applies effective challenge through monitoring, analysis, and reporting on significant risk and control issues for the Bank and holding company. The FMRM Director is responsible for overseeing the identification, measurement and management of both financial and model risk across the Company with the overarching objectives of optimizing risk-adjusted return in a prudent manner and enabling the Company to make effective and efficient decisions based on sound quantitative tools.

• Demonstrate a comprehensive understanding of the unique, enterprise-wide risks associated with capital, liquidity, market, credit, regulatory, technology, and strategic elements, and how they intersect with regulatory requirements.

• Effectively oversee the monitoring and challenging of associated bank and holding company-level risk management activities and provide appropriate level of consultation. Develop and implement processes for monitoring, analyzing, and reporting on these risks with specific focus on effective challenge reviews related to the financial risk domains.

• Demonstrate a high level of acumen around stress testing and model risk management as it relates to finance and technology.

• Demonstrate a comprehensive understanding of all three lines of defense.

• Demonstrate a strong understanding of the model life cycle, with particular emphasis on model development and validation.

• Make actionable recommendations to business units based on a deep understanding the various regulatory frameworks for capital, liquidity, market, credit, and model risk.

• Partner with business units to set risk limits in accordance with the Company’s risk appetite and engage with business units to resolve and/or accept limit breaches.

• Perform root cause analysis and facilitate remediation efforts by first line of defense..

• Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities –

• knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.

• Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.

• Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation

• E, Bank Security and other regulations as applicable to this job description.

• Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.

• Takes personal initiative and is a positive example for others to emulate.

• Embraces our vision to become "The World's Greatest Bank."

• May perform other duties as assigned.

About You:

• Bachelor's Degree in business, finance, economics, accounting, or other applicable discipline or equivalent. Required

• Professional Degree/Certification: Graduate/Professional degree or certificate in business, finance, economics, or another related field. Preferred.

• More than 10 years of experience in quantitative analysis. Required

• More than 10 years of experience in risk management as it pertains to finance and banking. Required

• Expertise in financial risk management concepts, best practices, and regulations.

• Extensive understanding of financial institution general control structure, as well as knowledge of various bank operations for assessing risk and making appropriate recommendations.

• Demonstrated ability to independently manage multiple and complex work efforts, which involves directing other key stakeholders across the bank.

• Possesses strong oral and written communication skills, critical thinking, and an analytical skillset. Demonstrates an ability to present complex information to a variety of cross-functional audiences.

• Advanced skills in Excel and Microsoft PowerPoint, as well as ACL or Cognos reporting. Knowledge of GRC systems is preferred.

• Experience with Bloomberg, S&P Capital

• Certifications: FRM, PRM, CIA, CFA, or CPA

Workstyle: Fully onsite

Our Benefits:

We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $129,000.00 - $270,000.00, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.

We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

Our Commitment to Diversity:

Umpqua Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: [email protected]

To Staffing and Recruiting Agencies:

Our posted job opportunities are only intended for individuals seeking employment at Umpqua Bank. Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Umpqua Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.