Head of Model Risk Governance – Managing Director

Head of Model Risk Governance – Managing Director

Requirements

• 10+ years of model risk management or relevant risk management experience in a banking environment supporting regulatory and audit exams, as well as the closures of regulator or audit findings
• Past experience in managing a global risk management (E.g., model risk governance, or model validation team, etc.)
• Successful experience in communicating with global regulators (e.g., FRB, ECB, or SEC)
• Ability to clearly distill and communicate complex ideas into themes and insights
• Strong organizational skill and technical skills (e.g., quantitative modeling, analytical, research, or programming skills)
• MS or PhD in Financial Engineering, Statistics, Math, or related field

Responsibilities

• Continue to enhance the firm-wide model risk management (MRM) framework including policies and procedures, risk metrics & measurements, assessment of emerging risk, risk reporting and training in ensuring compliance with SR 11-7 and global regulatory requirements
• Work with key stakeholders (e.g., 1LOD senior management, business risk management executives, etc.) across legal entities to enhance the oversight and control of the adherence to the MRM policy
• Collaborate with internal stakeholders across business units and legal entities to enhance alignment in implementing MRM policy and promote MRM best practices
• Support audits and regulatory examinations and activities, as well as remediation efforts
• Recruit, train and develop Model Risk Governance professionals based in US and Poland, while fostering a culture of collaboration
• Manage the firm-wide model inventory and annual certification process to ensure its completeness and accuracy
• Manage the model finding inventory while engaging stakeholders to ensure appropriate remediation actions are executed in a timely and effective manner
• Collaborate with Global Head of Model Validation and Head of Model Risk Governance Technology in transforming and reengineering the current operating model
• Establish control framework and reporting to senior management, the Board of Directors, and regulatory supervisors
• Establish quality assurance processes in validation documentation

Preferred Qualifications

• Deep knowledge of model life cycle management or past model development/ validation/ governance experience in a broad range of areas (such as stress tests, market/credit risk, asset valuation, compliance, etc.) strongly preferred
• Experience with Archer (a governance, risk, and compliance system) and model risk governance infrastructure a plus
• Working knowledge in AI model governance or validation a plus