Senior Internal Audit Associate - Model Risk

Senior Internal Audit Associate – Model Risk

PhD or Masters Degree in Mathematics, Data Science, Financial Engineering, Computer Science, Artificial Intelligence Machine Learning or a related field.
2 plus years of experience in one or more of the following business roles; AI/ML product development, quantitative model development (including machine learning), model validation, data science or related fields
Strong leadership and communication skills (both verbal and written) for writing highly technical reports and driving and influencing change on model-related issues
Understanding of and proficiency in programming languages (e.g. Python, R, or equivalent)
Understanding of and proficiency in developing and using AI/ML solutions (e,g, Gen-AI, agentic AI, traditional AI) and frameworks (e.g. pytest) to ensure code quality and reliability
Understanding of and proficiency in statistics, derivative pricing and machine learning modeling techniques
Risk and control mindset with the ability to ask incisive questions, converge on critical matters, assess materiality, and escalate complex and sensitive issues to senior management
Strong critical thinking and analytical/quantitative skills to perform model risk analysis against the controls in place intended to mitigate the associated risk.

Design, develop and implement AI/ML solutions to automate, optimize and enhance model risk analysis and control testing
Evaluate adherence to model development standards, processes, policy and procedures through conducting robust data driven quantitative and qualitative analysis and directly partnering with model developers, model users, model reviewers and governance oversight personnel.
Document in high quality well written technical reports model risk control assessments and communicate findings to stakeholders including the Chief Auditor.
Identify control weaknesses and/or gaps in the firm’s model risk management framework
Set standards for robust model risk control assessments and enhance them as needed to adapt to changes in the firm’s model risk management framework and/or meet evolving regulatory standards.
Lead, plan, manage and execute end-to-end line of business model risk analysis and control assessments and strategic team projects
Validate strategic solutions implemented by the firm to address regulatory identified issues related to the firm’s model risk management framework and practices.

No preferred qualifications provided.