MidFirst Bank occupies a rare position within the banking industry. With more than $35 billion in assets, MidFirst Bank is the largest privately owned bank in the country. MidFirst Bank serves approximately 900,000 accounts for customers nationwide and offers a full range of personal, commercial, trust, private banking and mortgage banking products and services. MidFirst utilizes quantitative models and tools to support business process and ensure informed decision making in areas such as pricing, valuation, loan loss reserves modeling, interest rate risk management, and stress testing.

The MRM Manager, along with a small team of analysts, will be responsible for executing the MRM Program, including interaction with model owners from various departments within the Bank to first identify, inventory and risk classify models, and then to provide independent oversight of those models through periodic monitoring and review or validation. The MRM Manager, along with the MRM team, will also be responsible for providing routine reports of MRM activities, including but not limited to performance monitoring and model validation results.

How you’ll make an impact:

• Develop and foster a positive relationship with various teams who develop and/or use internal and third-party models to facilitate adoption and adherence with the MRM Policies and Procedures.
• Maintain a comprehensive model inventory and gain familiarity with models whereby model use and characteristics are understood and documented
• Ensure independent review and challenge of models through annual reviews, routine performance monitoring and validation
• Provide ad-hoc training on model risk processes and program requirements to stakeholders
• Be a spokesperson for the MRM Program via routine communication to key stakeholders, senior management and various committees
• Maintain relevant expertise on best practices related to model risk

A successful candidate will have the ability to work well under pressure with a strong sense of personal accountability and ownership. To execute and oversee a successful model validation program, the candidate will need to be able to develop or oversee development of test programs and supporting work papers. This candidate will also be required to interact with and/or manage subject matter experts with highly technical areas of expertise (i.e. Statistics, Mathematics, etc.).

QUALIFICATIONS:

Minimum Requirements

• Undergraduate or Graduate degree in Finance, Accounting, and/or Economics.
• 5 to 8 years work experience in a role that exhibits solid comprehension of financial theory for credit, market and/or asset liability management necessary to complete most model validations.
• Previous experience in staff oversight.
• Proficient in the communication of technical information both verbally and in writing to both technical and non-technical audiences.
• Ability to interface effectively and professionally with senior level management.
• Ability to multitask and manage concurrent delivery of multiple projects.
• Ability to use Microsoft Office suite. (Outlook, Excel, and Word).

Preferred Requirements

• Familiarity with regulatory guidance on Safety and Soundness, especially OCC Bulletin 2011-12 (SR 11-7)
• Prior work experience in building or testing financial or statistical models
• Familiarity with data verification and/or auditing 
• Familiarity with SAS, R, MATLAB or similar statistical analysis and modeling tools
• This position is on-site at our corporate campus in north Oklahoma City, with no opportunity for remote/hybrid schedules

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