Senior Vice President, Model Risk Audit
American financial services corporation with approximately 80 million consumers is currently looking for a Senior Vice President to join their reputable audit function. The company has a rich heritage of building and supporting growth, providing customers with insight, knowledge and expertise in addition to financing. Developing their people is at the heart of the organization and is integral to its growth. The company’s internal audit function covers all business lines within the corporation and brings together over 300 internal auditors globally. Great working environment supported by progression opportunities make the company stand out from the crowd.
You will be joining the Risk Audit team based in London and leading the audit of Model Risk Governance across the company international. Within the role you will be responsible for:
• Developing a comprehensive in-depth understanding of the company’s Governance and model validation processes, and understanding how these are being implemented and applied within the company
• Understanding the key current and emerging risks within the subject areas, including model risk across the organization and local regulatory expectations in relation to the subject areas
• Servicing as the resident subject matter expert on the subject areas for audit teams within the organization – this role will include providing detailed guidance to local teams across the company undertaking audit work which is required to assess model risk, and the provision of training as required
The company is looking for a candidate with the below skills and experience:
Bachelor's degree in Statistics, Mathematics or Calculus
• Proven relevant experience in audit function
• Experience in the development, implementation and/or assessment/validation of various models including framework assessment
• Detailed understanding of the relevant regulatory requirements for the subject areas and past experience working with regulatory bodies (e.g., Fed, OCC, PRA, ACPR etc.)
If you possess the required skills and experience and would like to be considered for the role, please apply on the website.
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