VP, Model Risk Management

Full Time

International Bank

Office Status: Hybrid

Job Overview:

This incumbent will contribute to implementing the model risk management framework including carrying out model risk governance activities and performing independent model validation. S/he will also get exposure to End User Computing (“EUC”) control framework establishment and implementation. The qualified candidate will execute certain tasks around model risk governance, conduct, add business values in model validation process, and contribute in EUC control process as well. Main responsibilities include conducting independent model validation for models defined in the model inventory and produce model validation reports, maintain model inventory and conduct annual model review/attestation processes, as well as contribute to EUC control framework establishment.

Job Requirements:

  • At least 4 years at the AVP level and minimum 6 years at the VP level of model development of validation experience.
  • Master’s degree is required, preferably in Financial Engineering, Financial Mathematics, Mathematics, Statistics or Computer Science.
  • Demonstrate sound understanding of SR11-7, supervisory guidance on model risk management, and other relevant banking regulations from regulators including OCC and FRB; specialty in credit risk models and compliance models preferred.
  • Demonstrate strong analytical and quantitative skills to understand and validate models effectively, as well as effective verbal and written communication skills.
  • CBAP, FRM, CFA and/or PMP certification is preferred.
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