Full Job Description
As a Model Risk Management – Program Management – Vice President, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm. Additionally, you will play a key role in regulatory, audit, and critical capital stress testing exercises such as CCAR. Your responsibilities will also include coordinating with the MRGR policy and MRGR product/technology teams to enhance model risk policy, procedures, and product/technology.
Job responsibilities
• Support model risk coverage activities for the respective MRGR Lines of Business, for example: prepare material for key Risk Committees and Forums, and model risk Business Review Meetings; lead model review and issue remediation planning and help Model Risk Officers with prioritization.
• Monitor and report model risk metrics, and facilitate escalation when breaches occur
• Centrally manage programs owned by MRGR to ensure the model risk framework’s smooth and effective execution, including processes like inventory confirmations, CCAR etc.
• Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.
• Identify process execution pain points and work with the other COO teams: Product, Policy and Analytics to come up with solutions and put tactical or strategic enhancements in place.
Required qualifications, capabilities, and skills
• Proven project/program management capabilities
• Solid understanding of risk management frameworks and the Three Lines of Defense model in large organizations. Experience working closely with model risk and/or model development functions and experience in Model Risk Management
• Strong stakeholder management and teamwork skills, with clear communication and effective relationship building
• Ability to synthetize data and build commentary to share with a senior audience as needed.
• Self-motivation, outstanding organizational skills and ability to work independently in a fast-paced environment.
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Intellectual curiosity with a proven ability to learn quickly.
Preferred qualifications, capabilities, and skills
• A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.
