About The Position
We are seeking an experienced Manager, Model Risk Management to support a large global bank's Risk Technology organization. This role will focus on model governance, model inventory oversight, independent model validation, ongoing performance monitoring, and regulatory compliance. The ideal candidate will possess a strong understanding of Model Risk Management frameworks and regulatory expectations, with the ability to influence stakeholders across Risk, Technology, Compliance, and Business teams.
Requirements
- 7+ years of experience in Model Risk Management, Model Governance, Model Validation, Quantitative Risk, or Enterprise Risk Management within banking or financial services.
- Strong knowledge of Model Risk Management regulatory guidance, including SR 11-7, SR 26-2, and related supervisory expectations.
- Hands-on experience with model inventory management, model governance, validation oversight, performance monitoring, and model risk assessments.
- Experience reviewing and challenging model documentation, validation reports, remediation plans, and vendor model submissions.
- Strong understanding of model lifecycle governance and risk-based control frameworks.
- Proven ability to manage and influence stakeholders across multiple functional areas.
- Excellent analytical, documentation, communication, and presentation skills.
Nice To Haves
- Experience supporting a large global banking institution.
- Exposure to regulatory exams, Internal Audit, or enterprise risk governance functions.
- Experience overseeing third-party or vendor model governance programs.
- Background supporting risk, finance, treasury, AML, market risk, credit risk, or operational risk models.
Responsibilities
- Maintain and oversee the enterprise model inventory, including model classification, ownership, lifecycle management, and governance compliance.
- Lead oversight of independent model validation activities, ensuring models are appropriately tested, challenged, documented, and approved prior to implementation.
- Monitor model performance, validation findings, and control issues, driving remediation efforts through timely resolution and escalation where appropriate.
- Assess and oversee third-party and vendor-provided models, including review of vendor methodologies, documentation, assumptions, controls, and validation evidence.
- Support model risk tiering activities and risk-based governance decisions, ensuring controls are commensurate with model complexity, materiality, and risk exposure.
- Partner with model owners, validators, risk managers, and business stakeholders to strengthen model governance and maintain compliance with internal policies and regulatory requirements.
- Produce clear and concise governance documentation, reporting, and presentations for senior management, risk committees, audit, and regulatory review.
Benefits
- Flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
