VP Model Risk Internal Audit

Office Status: Hybrid

Compensation: $160k-$200k base

Responsibilities

• 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.