This role resides within the Bank’s Enterprise Risk Management function and serves as part of the second line of defense. The Vice President of Model Risk Management (MRM) is responsible for overseeing the Bank’s Model Risk Management Program, ensuring that model risk is identified, assessed, monitored, and controlled across the full model lifecycle in accordance with internal policy and regulatory guidance. The role provides independent oversight and effective challenge to the first line of defense and supports senior management and the Board through strong model risk governance and reporting.
Key Responsibilities• Maintain and enhance the Model Risk Management framework, policies, procedures, and standards.
• Oversee the model inventory, including model identification, tiering, materiality, and lifecycle status.
• Provide independent challenge of model development, implementation, assumptions, limitations, and intended use.
• Review model documentation, validation results, and ongoing monitoring to assess fit-for-use.
• Oversee model validation scope, frequency, and remediation of findings.
• Develop model risk metrics, KRIs, and reporting for senior management and the Board.
• Serve as a primary point of contact for regulators and internal audit on model risk matters.
• Bachelor’s degree in a quantitative discipline (e.g., mathematics, statistics, economics, finance, engineering) or equivalent experience.
• 5+ years of experience in Model Risk Management, quantitative risk, or model validation within financial services.
• Quantitative background with the ability to understand and challenge statistical, econometric, or financial models.
• Demonstrated experience providing independent challenge in a second line of defense role.
• Strong written and verbal communication skills, including the ability to explain complex quantitative concepts.
• Experience with GRC platforms and model inventory or validation tools.
• Familiarity with a broad range of model types (credit, capital, stress testing, liquidity, AML/fraud).
• Professional certifications such as FRM, PRM, or CFA.
Our job titles may span more than one career level. The starting base salary for this role is between $120,000 – $140,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
This role resides within the Bank’s Enterprise Risk Management function and serves as part of the second line of defense. The Vice President of Model Risk Management (MRM) is responsible for overseeing the Bank’s Model Risk Management Program, ensuring that model risk is identified, assessed, monitored, and controlled across the full model lifecycle in accordance with internal policy and regulatory guidance. The role provides independent oversight and effective challenge to the first line of defense and supports senior management and the Board through strong model risk governance and reporting.
Key Responsibilities• Maintain and enhance the Model Risk Management framework, policies, procedures, and standards.
• Oversee the model inventory, including model identification, tiering, materiality, and lifecycle status.
• Provide independent challenge of model development, implementation, assumptions, limitations, and intended use.
• Review model documentation, validation results, and ongoing monitoring to assess fit-for-use.
• Oversee model validation scope, frequency, and remediation of findings.
• Develop model risk metrics, KRIs, and reporting for senior management and the Board.
• Serve as a primary point of contact for regulators and internal audit on model risk matters.
• Bachelor’s degree in a quantitative discipline (e.g., mathematics, statistics, economics, finance, engineering) or equivalent experience.
• 5+ years of experience in Model Risk Management, quantitative risk, or model validation within financial services.
• Quantitative background with the ability to understand and challenge statistical, econometric, or financial models.
• Demonstrated experience providing independent challenge in a second line of defense role.
• Strong written and verbal communication skills, including the ability to explain complex quantitative concepts.
• Experience with GRC platforms and model inventory or validation tools.
• Familiarity with a broad range of model types (credit, capital, stress testing, liquidity, AML/fraud).
• Professional certifications such as FRM, PRM, or CFA.
Our job titles may span more than one career level. The starting base salary for this role is between $120,000 – $140,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
Purpose of Position
The Collateral Risk Manager supports the Credit Risk Management department by managing procurement, coordination, and administration of third-party collateral reports including appraisals, environmental reports, and Property Condition Reports (PCRs/PCAs) for commercial real estate lending and portfolio management. The role emphasizes workflow management, vendor communication, appraisal review, invoice processing, and regulatory compliance.
Essential Job Functions:
Third-Party Report Procurement & Coordination
Manage the ordering of third-party due diligence reports including, appraisals, environmental reports, and PCR/engineering assessments.Prepare engagement letters following internal and regulatory requirements.Coordinate timelines, scope details, and deliverables with vendors.Track report progress and provide updates to internal stakeholders.Oversight of Appraisal & Review Processes
Direct the appraisal lifecycle: scoping, vendor assignment, review, and acceptance.Maintain valuation independence structures and enforce regulatory firewalls.Evaluate 3rd party reviews for credibility, regulatory compliance, and methodological soundness.Lead coordination of resolution matters with 3rd party providers including appraisers & reviewers.Vendor Management & Compliance Support
Maintain vendor documentation including licenses, E&O insurance, and compliance materials.Assist with onboarding new valuation, environmental, and engineering vendors.Track vendor performance issues and escalate as appropriate.Invoice Management & Administrative Support
Receive, validate, and process third-party vendor invoices.Resolve billing discrepancies and coordinate with Accounts Payable.Maintain job dissemination and invoice records for audit support.Workflow, Reporting & Documentation
Keep accurate pipeline trackers and workflow logs.Update internal systems with delivery dates, vendor notes, and completed reports.Support the Senior Credit Officer / Chief Appraiser in Policy enhancements, preparing audit exhibits, and Board materials.Cross-Functional Collaboration
Provide professional communication and support to internal and external partners.Responsiveness within the CRM group and the lending team is a must.Knowledge, Skills and Experience Requirements:
Required Qualifications
Minimum 7 years of experience appraising and/or reviewing.Minimum 4 years of experience working in regulated financial institution.Must have clear understanding of USPAPStrong administrative and organizational skills.Proficiency in Excel, Word, and workflow systems.Experience coordinating 3rd party vendorsHigh attention to detail and accuracy.Certified General appraisal license.Preferred Qualifications
Proficiency with Collateral 360.Familiarity with environmental due diligence and PCR reporting.Expertise in NYC Multifamily tax benefits.Our job titles may span more than one career level. The starting base salary for this role is between $130,000 – $150,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
