Senior Manager - Model Risk Management

Elliott Davis • Raleigh, NC

21h

About The Position

Elliott Davis pairs forward-thinking tax, assurance and consulting services with industry-leading workplace culture. Our nine offices — located in the fastest growing cities in the US — are built on a foundation of inclusivity, collaboration, and collective growth. We work daily to provide exceptional service to our people, customers, and our communities. Audit and assurance services are provided by Elliott Davis, LLC (doing business in NC and D.C. as Elliott Davis, PLLC), a licensed CPA firm. We are seeking a Senior Manager – Model Risk Management to join our Financial Services Group (FSG). Our FSG team is over 120 professionals strong and serves more than 500 financial institutions across the United States. This role is ideal for an experienced model risk professional who brings strong technical depth, proven leadership capabilities, and a desire to guide clients and internal teams in delivering high‑quality, high‑impact model risk solutions. The Senior Manager will serve as a subject-matter expert across a wide range of financial modeling disciplines, lead complex engagements, manage teams of professionals, and contribute meaningfully to the continued growth of the Model Risk Management practice.

Requirements

• Bachelor’s degree in business, accounting, economics, finance, mathematics, statistics, data science, or related analytical field.
• 7+ years of recent experience in Model Risk Management, financial institution modeling, quantitative risk analysis, or related analytical fields.
• Demonstrated technical expertise in CECL, ALM, IRR, Liquidity, Budgeting, and/or RAROC modeling.
• Strong understanding of financial institution balance sheets, earnings drivers, credit risk, interest rate risk, liquidity frameworks, and regulatory guidance.
• Proven experience leading, training, and developing teams of professionals.
• Exceptional written and verbal communication skills and the ability to explain complex topics to both technical and non‑technical audiences.
• Strong analytical, problem‑solving, and critical‑thinking skills with high attention to detail.
• Ability to manage multiple projects simultaneously and deliver high‑quality results under tight deadlines.

Nice To Haves

• Experience engaging directly with financial institution executives, auditors, and/or regulators.
• Familiarity with statistical modeling tools and programming languages (e.g., Python, R, SQL, or advanced Excel/VBA).
• Prior experience in consulting or advisory services within the financial sector.
• Relevant professional certifications preferred (e.g., CPA, CFA, FMVA, AFM, PMP)

Responsibilities

• Lead and manage model validations, internal audits, and consulting engagements related to: Current Expected Credit Losses (CECL) Asset Liability Management (ALM) Interest Rate Risk (IRR) Liquidity Risk Budgeting and forecasting models Risk‑Adjusted Return on Capital (RAROC)
• Serve as a senior technical authority on financial institution modeling approaches, risk frameworks, quantitative methods, and regulatory expectations.
• Oversee detailed evaluation of model theory, assumptions, data, methodology, controls, cash flow logic, calibration, implementation, and performance monitoring.
• Review and approve high‑quality written reports summarizing findings, recommendations, and model improvement strategies.
• Lead, coach, and mentor team members across multiple simultaneous engagements.
• Oversee staff development, provide performance feedback, and support ongoing technical training initiatives.
• Allocate resources, set engagement timelines, and ensure successful completion of project milestones.
• Serve as a trusted advisor to financial institution executives and risk leaders.
• Communicate engagement progress, technical findings, and strategic recommendations clearly and confidently.
• Assist clients in enhancing model governance practices, strengthening model risk frameworks, and implementing regulatory expectations.
• Participate in and help drive business development initiatives, including opportunity identification, proposal development, and client presentations.
• Contribute to internal methodology enhancements, knowledge‑sharing, and development of best-practice tools.
• Lead external presentations related to subject matter expertise, on occasion.
• Help shape the long‑term strategy of the Model Risk Management practice.

Benefits

• generous time away and paid firm holidays, including the week between Christmas and New Year’s
• flexible work schedules
• 16 weeks of paid maternity and adoption leave, 8 weeks of paid parental leave, 4 weeks of paid and caregiver leave (once eligible)
• first-class health and wellness benefits, including wellness coaching and mental health counseling
• one-on-one professional coaching
• Leadership and career development programs
• access to Beyond: a one-of-a kind program with experiences that help you expand your life, personally and professionally

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level