Model Risk Analyst

Summary Perform quantitative and qualitative analysis on models and assessments of their risks, coordinate with business units to conduct testing of critical models and document results. Manage the model inventory in the company’s governance solution, ensure timely updates of forms and questionnaires, maintain ongoing contact with model owners and reviewers, and oversee adherence to model and other risk policies and procedures. Support the development of tools and techniques to facilitate ongoing model enhancement for the organization. Responsibilities Perform quantitative and qualitative analysis on model risk and other types of risk inventories to identify underlying relationships and assist in the risk roll-up/alignment process Collaborate with the Enterprise and/or Operational Risk team, NYPA management, and staff to facilitate the Model Risk Management and broader risk management process for risk identification, definition, assessment, analysis, mitigation, and monitoring throughout NYPA Generate risk reports for various levels of the organization, including the Executive Risk Management and Resilience Committee (ERRMC) Work with Enterprise and Operational Risk leadership to ensure effective alignment of enterprise and operational processes with Internal Audit, Internal Business Controls, and Compliance Assist the Enterprise and Operational Risk Management team (EORM) in developing training materials and conducting enterprise and/or operational education/training to NYPA Business Units management and staff Update, maintain and ensure compliance with NYPA’s model and other risk frameworks, policies, procedures, and related risk management documentation Provide support on the implementation and ongoing operation of the Governance, Risk, and Compliance (GRC) software module specific to the model risk program Coordinate the resolution of risk software problems with the vendor or the NYPA IT department as needed; perform regular updates to the model risk and other risk repositories and perform risk assessments using reporting tools to ensure the integrity of the repository database Create and maintain up-to-date meeting minutes, reports and related materials for the Enterprise and Operational Risk website Collaborate with senior EORM Team members to establish and implement the Enterprise and/or Operational Risk task-level schedule to ensure timely delivery of assigned work products Knowledge, Skills And Abilities Working knowledge of various types of risk including Model, Operational, Asset, Project and Enterprise level risks General knowledge of Enterprise-wide risk management program development and implementation, including best practices, frameworks, and associated software systems General knowledge of Internal Audit and Internal Business Controls practices General understanding of probabilistic scenario analysis and associated techniques applied to risk management Proficient in spreadsheet and/or statistical analysis packages. Working knowledge of Access, Word, PowerPoint, statistical software, and MS Project Understanding of enterprise risk management best practices as they apply to the energy/utility industry Ability to prepare and deliver clear and concise summaries and insights with assistance from senior specialists and director Education, Experience and Certifications Bachelor’s degree in Business Administration, Finance, Accounting, or Economics A minimum of 2 years directly relevant experience with risk analysis, integration of business processes and development/implementation of enterprise risk programs is preferred Compensation, Inclusion and Accessibility The New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The estimated salary range for this position is: $74,000-$102,300. The salary offered will be determined based on the successful candidate’s relevant experience, knowledge, skills, and abilities. The NYPA and Canal Corporation believe that diversity, equity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, veterans, and other underrepresented groups to apply. We are an equal opportunity employer and are committed to building inclusive, innovative work environments with employees who reflect communities across New York. We do not discriminate based on race/color, creed/religion, national origin, citizenship or immigration status, age, disability, military status, gender/sex, sexual orientation, gender identity/expression, pregnancy and related conditions, familial/marital status, domestic violence victim status, predisposing genetic characteristics, arrest/criminal conviction record, or any other category protected by law. We also provide reasonable accommodations during the hiring process related to disabilities, pregnancy-related conditions, religious observances/practices, and/or domestic violence concerns. To request an accommodation, please email View email address on click.appcast.io. #J-18808-Ljbffr