Full Job Description
As a Model Risk Management – Program Management – Vice President, you9ll 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
3 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.
3 Monitor and report model risk metrics, and facilitate escalation when breaches occur
3 Centrally manage programs owned by MRGR to ensure the model risk framework9s smooth and effective execution, including processes like inventory confirmations, CCAR etc.
3 Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.
3 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
3 Proven project/program management capabilities
3 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
3 Strong stakeholder management and teamwork skills, with clear communication and effective relationship building
3 Ability to synthetize data and build commentary to share with a senior audience as needed.
3 Self-motivation, outstanding organizational skills and ability to work independently in a fast-paced environment.
3
Intellectual curiosity with a proven ability to learn quickly.
Preferred qualifications, capabilities, and skills
3 A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.
