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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:
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Assist the team on conducting the independent model validation for models defined in the model inventory and produce model validation reports
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Support the team on reviewing the remediation of model validation findings
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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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