Financial Risk Officer
Current• Perform evaluations of insurance providers based on coverage options, cost-effectiveness, and service quality. • Coordinate the filing and management of insurance claims, working closely with insurance adjusters to expedite resolutions.• Developed and updated TPRM policies and procedures to align with regulatory requirements and industry best practices.• Manage the vendor due diligence process, including background checks, financial stability reviews, and compliance verifications.• Prepare regular risk reports and assessments to senior management and relevant stakeholders.• Manage and respond to incidents involving third parties, including breaches, non-compliance issues, and operational disruptions.• Act as a liaison between the bank and third parties to address risk-related issues and concerns.• Conduct independent model assessments to verify model assumptions, methodologies, and performance.• Identify and assess model risks, including model limitations, data quality issues, and potential impact on decision-making and financial outcomes.• Maintain comprehensive documentation for models, including model development, validation, and governance processes.• Developed and implemented MRM policies, procedures, and governance frameworks to manage model risk effectively.• Establishing the bank’s Data Governance Program, creating policies, standards, and procedures to ensure data accuracy, consistency, and security.• Conduct regular data quality assessments and audits, addressing data quality issues and implementing corrective actions as needed.• Collaborate with IT and data engineering teams to support data integration projects and resolve data-related issues.
