Job Description

It’s about process, progress, and people.

Are you known for your ability to effectively lead and inspire others? Do you have a knack for moving things forward? Do you like collaborating with people to accomplish big projects? If so, the Model Risk Management Supervisor position could be your calling.

At Frost, it’s about more than a job. It’s about having a flourishing career where you can thrive, both in and out of work. At Frost, we’re committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you’ll become part of Frost’s over 150-year legacy of providing unparalleled banking services.

Who you are:

As a Model Risk Management Supervisor, you are our leader, ensuring your team has the necessary support and guidance to deliver top quality models. In this role, you will be responsible for supervising and leading a team of quantitative analysts. You will use your effective communication skills and analytical mindset to provide recommendations to mitigate identified risks and improve models. More than that, this role is about developing people and doing it with integrity, caring and excellence in mind. 

What you’ll do: 

• Coordinate the completion of periodic risk assessments and ongoing monitoring with model owners to maintain thorough monitoring of all relevant models
• Review results of risk assessments to determine if all proper risks are being identified and verify model effectiveness
• Maintain an up-to-date knowledge of model risk management industry trends, relevant laws and regulatory policy changes to provide relevant recommendations on how to mitigate model risk
• Act as a point of escalation to address any relevant and complex model risk issues that should arise
• Participate in governance activities by reviewing policies, procedures, controls, risk assessments and validation standards Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes
• Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

What you’ll need:

• Master’s degree in a quantitative field such as Mathematics, Mathematical Finance, Financial Engineering, Statistics, Physics, Data Science, Management Science, Operations Research, or Economics
• 5+ years of experience in the development and/or validation of financial, statistical, or mathematical models within the financial services industry
• Mastery of statistics and numerical techniques
• Leadership and project management capabilities
• Demonstrated experience with documenting technical aspects of a model as well as presenting results
• Proficient in programming, such as SQL, SAS, R, or Python
• Proficient in Microsoft computer applications
• Excellent written and verbal communication skills

Additional Preferred Skills:

• Ph.D. degree in a quantitative field such as Mathematics, Mathematical Finance, Financial Engineering, Statistics, Physics, Management Science, Operations Research, or Economics
• Risk management experience in the financial services industry
• Fraud detection model experience
• Model risk management governance experience

Our Benefits:

At Frost, we care about your health, your family, and your future and strive to have our benefits reflect that. This includes: 

• Medical, dental, vision, long-term, and life insurance
• 401(k) matching
• Generous holiday and paid time off schedule
• Tuition reimbursement
• Extensive health and wellness programs, including our Employee Assistance Program
• Referral bonus program + more!

Since 1868, Frost has dedicated their expertise to provide exceptional banking, investment, and insurance services to businesses and individuals throughout Texas. Frost is one of the 50 largest U.S. banks by asset size and is a leader in banking customer satisfaction. At Frost, it’s about being part of something bigger. If this sounds like you, we encourage you to apply and see what’s possible at Frost.