Vp, Quantitative Research And Risk Management
CurrentLead the ERM team responsible for quantitative risk management oversight and research at BECU. Team contributes regularly to several key management committees. Frequent presenter at Board Finance & Risk committee. Partnered with HR to create the H1B pilot program, providing access to an additional talent pool for the credit union. Expanded scope and strategic vision of the department to encompass several areas as detailed below:• Market Risk Managemento Oversight of firmwide market, interest rate, and liquidity riskso Development and deployment of Economic Capitalo Co-Chair Balance Sheet and Capital Modeling Councilo Coverage of MSR and other fair value portfolios; annual review of modeling assumptionso Support Treasury use of derivatives and hedging strategies• Model Risk/Validation programo Built the program for internally-conducted model risk validations, effectively eliminating reliance on external vendors, increasing cost savings and retaining intellectual capitalo Perform and supervise independent validations of all models, including those related to Capital Planning and Stress Testing (CPST) and Credit Expected Credit Losses (CECL)o Implement governance policies and structures for model risk best practices; incorporate guidance on validation for AI/ML modelso Establish and monitor model performance monitoring guidelines and benchmarkso Manage and track the findings remediation process through Archer• Treasury Counterparty Credit Risk Managemento Establish the framework and maintain governance of the program with a Board-level Policy and Standardo Perform independent onboarding and annual review of counterparties in support of Treasury initiatives, including use of Derivatives (bi-lateral), Broker/Dealers, Clearing Houses, Security Issuers (Investments), and TBAs• Quantitative Research, notable work projects includeo Climate Risk Analysiso Quantify Risk Appetite and Capital Adequacy for the institution
