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Financial Services Client

VP Model Risk Internal Audit

  • New York, NY
  • Full Time

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Office Status: Hybrid

Compensation: $160k-$200k base


  • 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 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.