Model Risk Management recruitment

A large bank in NYC is looking for a qualified candidate to manage their model risk team.

Requirements are as follows:

**Please highlight Model Validation or Model Risk Mgmt experience**

A minimum of 7 - 10 years in financial industry.
Proven track record of strong technical model development, model management, and/or model oversight in one or more of the following areas: credit risk management, market risk management, economic capital estimation, and valuation.
Knowledgeable about model risk management and associated regulatory requirements.
Strong project management, leadership, and people development capabilities.
Executive decision-making, communication, and presentation skills.
Advanced mathematics, probability, and statistics.
Regression analysis (OLS and logistic regression).
Financial analysis and valuation.
Model validation and performance monitoring. Market risk models and modeling approaches. Economic capital models (PD, LGD, and EAD) and modeling approaches.
Working knowledge of one or more of the following programming platforms: SAS, C++, SQL, Visual Basic, or Matlab.
Working knowledge of Microsoft Access and Excel.

Advanced degree in finance, economics, statistics or related field (Masters or PhD preferred).

Industry certifications a plus (e.g., CFA, FRM).

Competitive Salary

Responsibilities:

Develop, maintain, and provide training to appropriate personnel on the Bank's Model Governance Policy and associated roles and responsibilities.
Maintain the enterprise-wide model inventory and manage the annual inventory certification process.
Establish standards for model documentation
Perform independent validations of all models, and significant model changes, within the scope of the Bank's Model Governance Policy, and manage the resolution of findings with model owners and users.
Monitor performance of high-risk models.
Provide periodic reports to executive management on the status of the Model Risk Management program, important changes in the Bank’s overall model risk profile, action plans to mitigate significant model risks, and summaries of overall model performance.
Work in conjunction with model developers, model owners, and business unit risk managers to establish model risk ratings, and to develop robust business-unit model approval and model change management processes.
Consult with model users on the design of effective model operational controls.
Own and maintain the Bank’s Model Governance Policy, Model Validation Procedures, and the Bank-wide model risk assessment.
Serve as primary interface to bank regulators on model risk management.

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