SVP, Model, AI and Capital Planning
Description
The SVP serves as a key advisor to executive leadership and the Board, providing credible challenge to management, regulatory‑ready governance, and forward‑looking insights related to emerging risks, model limitations/uncertainty, disruptive technologies such as AI and capital planning and resilience. The position is responsible for leading governance, independent oversight, and effective challenge of the company’s processes for conducting stress testing, loss forecasting, capital planning, and credit risk transfer. This role is central to ensuring the institution’s resilience under adverse conditions, maintaining prudent capital adequacy, and strategically managing exposures through risk transfer mechanisms. The position engages broadly across the company with senior leaders, in addition to industry experts and regulators to ensure effective risk management of these business processes. The successful candidate will combine quantitative expertise, strategic insight, and strong leadership to enhance enterprise-wide risk and capital management capabilities.
Here's what you can expect from the job and what you need to be successful:
Job Duties
· Establish and maintain the enterprise Model Risk Management (MRM) program and framework, including policies, standards, procedures, and governance practices.
· Provide executive oversight of the complete MRM lifecycle, including:
o Model inventory management
o Model validation (internal and/or co‑sourced)
o Model limitations, assumptions, and uncertainty
o Issue identification, documentation, tracking and remediation monitoring
o Ongoing model performance monitoring
· Ensure model risk practices effectively support credit, market, liquidity, interest rate, operational (including fraud), regulatory compliance, and capital risk assessments.
· Deliver independent challenge to model development and usage across the enterprise.
· Design and oversee the AI Governance framework and AI Risk program, including:
o AI and model definition and usage policies
o AI tool and model Risk reviews and impact assessments
o AI use-case design initiation, assessment, implementation and monitoring
o Ethical, explainability, and bias considerations
· Partner with Technology, Data, Compliance, and Business leaders to ensure AI and advanced analytics solutions are appropriately governed, explainable and defensible, and aligned with risk appetite, regulatory expectations and institutional values
· Monitor evolving regulatory guidance, industry practices, and emerging risks related to Models, AI, disruptive technologies, and capital planning.
· Provide executive leadership and independent challenge over Capital Planning framework, enterprise stress testing and scenario analysis, and capital adequacy assessments in support of strategic planning
· Ensure stress testing methodologies are appropriately designed, documented, and validated.
· Lead a talented team of professionals to provide governance and independent oversight of the company’s design and execution of enterprise stress testing and capital management programs, including scenario design, selection of business assumptions, model management, and results interpretation and assessment against risk appetite
· Develop and maintain governance, policies, and standards that define how the company executes stress testing and capital planning and manages credit risk transfer in accordance with business strategy to support safety and soundness and comply with legal, regulatory, and conservator requirements
· Oversee the institution’s capital management framework, including capital adequacy assessments and coordination of regulatory capital submissions
· Assess model design, inputs, outputs and scenarios for reasonableness, appropriate usage, severity, and alignment with the risk profile.
· Advise executive leadership on capital resiliency, exposures, and trade‑offs under adverse conditions.
· Regularly present to executive management and the Board (or Board committees) on model risk exposure, capital adequacy and stress testing results, as well as emerging risks related to models, AI, and analytics
· Communicate enterprise-wide risk management issues and emerging risks and monitor effective and timely issue resolution
· Provide timely and independent oversight and effective challenge of the company’s risk management practices and risk-taking activities
· Serve as a senior point of contact for regulators and examiners regarding MRM, AI and Capital Planning
· Ensure timely, transparent, and effective remediation of regulatory or internal findings.
· Set vision, strategy, and priorities for the MRM, AI Risk/Governance and Capital Planning functions.
· Build deep technical and leadership capability through talent development, succession planning, and strong risk culture.
· Assess risk to earnings and capital across a range of scenarios
· Execute an integrated oversight plan in collaboration with Operational Risk and Compliance to support the Chief Risk Officer in providing senior management and the Board with an enterprise view of risks
Essential Skills:
- 10+ years of experience in a combination of leadership roles in risk management, loss forecasting, capital planning, or related functions within a large, complex financial institution.
- Modeling, Statistical quantification , AI development and usage
- Capital Planning
- Ability to understand stress testing methodologies, capital adequacy frameworks, and credit risk management practices
- Familiarity with relevant regulatory requirements, including CCAR/DFAST and Basel standards
- Expertise in mortgage and fixed income products, model loss estimation, and loss forecasting
- Understanding of uncertainties and limitations of models, methodologies, and judgments used to measure and manage stress losses and capital adequacy
- Effective collaboration to build trust and increase efficiency across the three lines, including the business lines and Finance Divisions, Enterprise Risk Division, and Internal Audit
- Ability to communicate effectively and efficiently
- Expertise and authority to maintain independence, critically review, and provide effective challenge of the company’s stress testing and capital management practices and credit risk transfer activities
- Ability to prioritize across multiple competing tasks, manage teams effectively, and deliver timely, high-quality, and well-documented oversight outcomes
- Strong organization skills, analytical mindset, and ability to work in a fast-paced environment against tight deadlines
- Remain current on the latest financial risk management developments, regulations, and industry trends
- Ability to attract and develop risk talent
- Strong decision-making skills with the ability to work under pressure effectively to resolve critical issues
- Strong leadership skills with the ability to influence, drive decision-making, and lead and develop teams managing risk across complex financial portfolios
- Experience with analyzing complex financial data and risk management software and financial analysis tools (e.g., Python, R, Excel)
- Excellent verbal and written communication skills with the ability to communicate complex information to a variety of audiences, including senior management and regulators, in a clear and actionable manner
- Demonstrated track record of innovation in risk analytics, data infrastructure, or model governance practices.
- Required Education: Bachelor's degree in quantitative, finance, economics, mathematics, statistics, or related field; Master’s or PhD or professional certifications (e.g., FRM, CFA) preferred
Location: Hillsboro, OR 97124 | (HYBRID)
Target Compensation: $320k - $360k annually + annual bonus
Benefits options include:
- Traditional medical, dental, and vision coverage
- Generous 401K matching per pay period
- Flexible Time-Off
- 11 paid federal holidays
- Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
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First Tech is not currently offering Visa transfer/ sponsorship for this position