Model Risk Management Specialist

Öhdəliklər:

• Model Risk Oversight: Develop and maintain the model risk management framework, including policies and procedures that address the identification, assessment, monitoring, and reporting of model risk.
• Governance: Ensure robust model risk governance structures are in place, overseeing adherence to regulatory guidelines/requirements and internal risk appetite.
• Risk Assessment & Monitoring: Conduct regular risk assessments to evaluate the effectiveness of models and monitor their performance throughout their lifecycle.
• Model Inventory Management: Oversee and maintain the organization’s model inventory, ensuring all models are appropriately documented, categorized, and assessed for their risk profile.
• Stakeholder Engagement: Act as the primary point of contact between model owners, users, and other stakeholders (e.g., auditors) to ensure effective communication and mitigation of model risk issues.
• Reporting & Documentation: Provide regular reports to senior management, committees, and the board, summarizing model risk exposures, governance activities, and key risk metrics.
• Regulatory Compliance: Ensure the organization's model risk management practices meet regulatory/group-wide standards, responding to inquiries from regulatory/parent bodies as necessary.
• Model Risk Education: Support the development and delivery of training programs related to model risk awareness and best practices across the organization.
• Model Change Management: Oversee and ensure appropriate controls are in place for model development, implementation, and change management.
• Audit & Review Support: Coordinate with internal and external auditors, providing necessary documentation and explanations during reviews or examinations.

Tələblər:

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, or a related field. Advanced degrees (MBA, MS, or PhD) are a plus.
• 3+ years of experience in risk management, model risk oversight, or a related field.
• Experience with regulatory frameworks (Basel, IRB, IFRS, SR 11-7 etc.).
• Familiarity with model lifecycle management and risk control frameworks.
• Strong understanding of models and their associated risks (e.g., credit risk, market risk, and operational risk).
• Excellent analytical skills with the ability to assess model risk independently.
• Strong communication skills, both written and verbal, for engaging with stakeholders across multiple levels.
• Experience in managing cross-functional teams and coordinating with various departments.
• Ability to understand and interpret regulatory guidelines related to model risk management.
• Model Risk Related certification is recommended. Certifications such as FRM, PRM, or CFA are preferred but not required.
• Critical Thinking: Ability to evaluate complex issues and make informed risk-based decisions.
• Attention to Detail: Strong focus on accuracy, completeness, and control.
• Leadership: Proven ability to lead initiatives and influence outcomes in a complex risk environment.
• Adaptability: Able to navigate and adapt to changing regulatory environments and evolving business needs.