Associate Vice President - Model Risk Management

Associate Vice President - Model Risk Management

About the Company

Well-established investment bank

Industry

Financial Services

Type

Privately Held

About the Role

The Associate Vice President - Model Risk Management will be responsible for leading two-line model risk governance and validation across a broad range of financial and risk models including life & annuity, investment strategies, hedging, ALM, derivatives and structured assets. You'll direct the Model Risk Management Committee, present aggregate model risk to senior leadership, challenge model methodologies, assumptions and outputs, and ensure alignment of the model-risk framework with evolving business and regulatory requirements. You will partner with model developers, investment and actuarial teams, external validators and stakeholders to enhance model standards, manage model-risk exposure, and mentor a team of professionals as the model risk capability scales and matures. The ideal candidate will hold a Bachelor's degree in a quantitative discipline (e.g., mathematics, statistics, actuarial science, financial engineering), with advanced credentials such as the FSA designation and preferably CFA, FRM, CAIA or PRM. You should bring 12+ years' experience in actuarial modelling, investment modelling or model risk management within insurance, asset management or financial services. You must have expertise in financial and risk models covering hedging, ALM, capital, derivatives, structured and traditional assets, be highly proficient in influencing senior stakeholders and technical teams, and skilled in program leadership of model validation and governance in a dynamic, regulated environment.

Travel Percent

Less than 10%

Functions

• Finance