AVP, Internal Auditor Risk Management (Model Risk)

Full Time

International Banking Client

Office Status: Hybrid (3 days per week in office)

Responsibilities:

  • The primary responsibilities of the AVP- Model Validation include:
  • Provide independent third line review of a variety of pricing, risk, margin and other models as applicable.
  • Evaluate the model documentation based on various aspects including – model data and parameters, design and methodology, implementation and model documentation.
  • Ensure compliance with the client’s Model Risk Management Policy and applicable regulatory guidelines such as SR 11-7
  • Document third line work in compliance with the Internal Audit Manual.
  • Evaluate the first and second line documentation and either perform or ascertain that the necessary challenge and evaluations were adequately completed and properly documented.
  • Assess model assumptions and limitations.
  • Communicate results and discuss issues, challenges and methodologies with internal audiences including senior management.
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