VP, Internal Auditor Risk Management (Model Risk)

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

Responsibilities:

• The primary responsibilities of the VP- 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.