About this role Vice President – Model Governance Role Overview The Vice President, Model Governance is responsible for overseeing the firm’s model governance framework, ensuring models are governed consistently and effectively across their lifecycle. This role provides senior leadership on model governance policy, processes, controls, and reporting, and partners closely with model development, validation, risk, compliance, technology, and audit teams to ensure strong governance outcomes. The position focuses on policy and procedure, governance program execution, inventory and reporting oversight, performance and incident governance, and audit‑ready control design, rather than hands-on model development. Key Responsibilities Policy & Procedure Development Draft, maintain, and enhance model governance policies, standards, and procedures aligned with regulatory expectations and industry best practices. Translate governance requirements into clear, executable processes across the model lifecycle. Governance Program Management Lead cross‑functional governance initiatives, including remediation programs, regulatory commitments, and framework enhancements. Own governance roadmaps, milestones, and delivery tracking, with clear escalation of risks and issues. Model Inventory Management Provide senior oversight of the model inventory, ensuring completeness, accuracy, and appropriate lifecycle classification. Establish and maintain governance controls to support inventory integrity across systems. Governance Reporting & Dashboards Define and oversee governance dashboards and management reporting, including inventory health, validation status, performance monitoring coverage, incidents, and exceptions. Ensure reporting supports senior management and committee decision‑making. Model Performance & Ongoing Monitoring Governance Oversee governance requirements for model performance monitoring, ensuring consistent implementation, escalation, and documentation. Challenge adequacy of monitoring frameworks and alignment with governance standards. Model Incident & Error Governance Own the governance framework for model incidents and errors, including classification, escalation, root‑cause analysis, and remediation tracking. Ensure lessons learned drive sustainable control and process improvements. Control Design Across the Model Lifecycle Design and oversee effective governance controls embedded across model development, implementation, monitoring, and change management. Ensure controls are defensible, auditable, and aligned with policy intent. Audit, Regulatory, and Committee Engagement Act as a senior point of contact for internal audit and regulatory examinations related to model governance. Support governance committees with independent challenge and clear risk perspectives.
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Job Type
Full-time
Career Level
Mid Level