Model Risk Management Lead

Job Summary

A company is looking for a Model Risk Management Lead to oversee model risk and ensure compliance with risk management standards.

Key Responsibilities

• Oversee the overall Model Risk Management program and maintain the Model Inventory
• Perform due diligence on partner model risk management processes and validate models
• Engage with stakeholders to proactively identify, assess, monitor, and manage model risk

Required Qualifications

• Bachelor's Degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering
• More than 5 years of experience in quantitative/statistical model development, validation, or risk management
• Familiarity with traditional statistical models and advanced machine learning models
• Strong knowledge of financial products, industry best practices, and regulatory requirements for model risk management
• Familiarity with enterprise risk management framework