Model Risk Management Associate

Model Risk Management Associate
located onsite in Manhattan
Base salary $42k-90k based on skills and experience
Requirements:
  • Bachelor's degree required, Master’s degree in Financial Engineering, Mathematics, Statistics or Computer Science major preferred
  • Minimum 1 year of Risk management work or internship experience 
  • Demonstrate strong analytical and quantitative skills to understand and ability to validate models effectively  
  • Demonstrate knowledge of SR11-7, supervisory guidance on model risk management, and other relevant banking regulations from regulators including OCC and FRB
  • Specialty in credit risk models and compliance models preferred
  • FRM or CFA preferred
  • Responsibilities:

  • Assist the team on conducting the independent model validation for models defined in the model inventory and produce model validation reports

  • Support the team on reviewing the remediation of model validation findings

  • Assist the team to implement the activities defined in model risk management framework and ensures that the Bank’s model risk management framework continues to align with regulatory expectations

  • Assisting the team in EUC control framework maintenance and enhancement


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Job Ref: 14968

Salary: $42000 – $90000

Model Risk Management Associate
located onsite in Manhattan
Base salary $42k-90k based on skills and experience
Requirements:

  • Bachelor’s degree required, Master’s degree in Financial Engineering, Mathematics, Statistics or Computer Science major preferred
  • Minimum 1 year of Risk management work or internship experience 
  • Demonstrate strong analytical and quantitative skills to understand and ability to validate models effectively  
  • Demonstrate knowledge of SR11-7, supervisory guidance on model risk management, and other relevant banking regulations from regulators including OCC and FRB
  • Specialty in credit risk models and compliance models preferred
  • FRM or CFA preferred
  • Responsibilities:

  • Assist the team on conducting the independent model validation for models defined in the model inventory and produce model validation reports

  • Support the team on reviewing the remediation of model validation findings

  • Assist the team to implement the activities defined in model risk management framework and ensures that the Bank’s model risk management framework continues to align with regulatory expectations

  • Assisting the team in EUC control framework maintenance and enhancement

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