Office Status: Hybrid
Salary: $155,000 to $195,000
Responsibilities:
As part of the second line of defense function, the Model Risk Manager will support in the establishment of a Model Risk Controls Testing Program. This program will involve the development of a Model Risk Controls Library, and the development of a testing program to verify the effectiveness of Model Risk-owned Controls
Identify the control activities performed by Model Validation and Governance team, and document the control activities in a formal control library
Develop a testing approach and methodology over the identified controls
Independently challenge the work performed by the Model Validation and Governance Team by developing and implementing a controls testing approach and methodology.
Discuss testing results with Model Validation and Governance team, and agree on remediation actions
Support the control testing activities as part of the RCSA program
Develop reporting summarizing the status of Model Risk controls testing
The Model Risk Manager will also be involved in supporting the remediation of audit issues and/or regulatory feedback related to model risk controls
The Model Risk Manager will also be involved in other initiatives related to the enhancement of the Model Risk Control Framework
