Model Risk Manager

Job Title : Model Risk Manager

Location : CityScape

What you'll do :

As a Model Risk Manager, you'll work closely with the Model Validation Director to identify, assess, mitigate, and monitor model risk, and contribute to the development of the bank’s Model Risk Management program. You'll conduct independent testing / validation to assess model accuracy and robustness under different scenarios and market conditions to quantify model risks due to model limitations then develop compensating controls. You'll develop high-quality validation reports that highlight risks and limitations of models and communicate findings.

• Independently conduct hands-on validation / testing work with minimal supervision.
• Leverages statistical, financial, economic, and business expertise to conduct and / or oversee independent model validation activities outlined in the bank’s Model Risk Management Policy and Federal Reserve SR 11-7 (e.g., evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis).
• Enhance policies and procedures, assist with model governance activities to ensure model risk issues are effectively remediated.
• Write high quality model validation reports and / or presentations.
• Keeps abreast of research and trends in statistical modeling and model risk management.
• Provide mentorship and guidance to junior staff members. May lead and develop a team in the future; responsible for hiring, coaching, performance management, training and development.

What you'll need :

Benefits you’ll love :

We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!