Director – Model Risk

Full Time

Investing Client

Office Status: Hybrid

Responsibilities:

  • Set up and maintain firmwide model validation procedures, standards, and templates.
  • Maintain model validation schedule, coordinate, and oversee model validation and review performed by the validators to ensure the timeliness, quality, and effective challenge.
  • Perform hands-on validations and reviews, write quality model validation reports, and provide model approvals.
  • Work with the model owner, model developer and model user on all issues of model validation and issue resolution.
  • Prepare model validation and review presentations to the Model Risk Governance Council (“MRGC”) meetings for model approval, model issue tracking and resolution.
  • Present model validation and review results and finding resolutions to the Model Risk Governance Council (MRGC)
  • Interface with the auditors and Regulators on all aspects of model validation.
  • Challenge the model performance and methodologies at monthly MRGC review meeting
  • Perform ad hoc analysis to identify model limitations and performance issues and recommend remediations
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