VP Model Risk Management

Stone Management
New York, USA
140k - 165k
14 Jan 2023
13 Feb 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
  • Responsible to maintain the Model Risk Management framework, including supporting of Model Risk Management Policy and Procedure, Model Inventory and repository of model related documentations
  • Performing the independent model validation of various models (Compliance, Credit Risk, Market Risk, etc.) in the NYB model inventory. Validation scope includes review of model conceptual soundness, evaluation of development data integrity, assessment on model assumptions and limitations, performing outcomes analysis, and review of model governance and control process.
  • Discussing findings with internal and external stakeholders, writing validation reports and managing model risk on an ongoing basis
  • Providing support for project management from the standpoint of model risk management, as necessary

Required Skills and Personal Attributes:

  • Sound Mathematical and Statistical knowledge with an understanding of risk modelling and model validation
  • Independent, accountable and skilled in exercising sound judgment and decisiveness under pressure; and gives attention to details
  • Demonstrated knowledge of model risk management and associated regulatory requirements (FRB SR11-7)
  • Strong interpersonal, team-working and organizational communication skills to collaborate with related business departments/teams.
  • Solid writing skills. Publications in peer-reviewed journals are considered as good evidence
  • Computer proficiency in Microsoft Office and programming languages like SQL/SAS/Python/R

Salary $140-$165K + bonus