Preserve and develop the infrastructure essential to accomplish the Bank s model inventory, model documentation and validation reports, validation findings, performance monitoring, risk assessment, and model risk reporting.
Safeguard coordination and uniformity in the Model Risk framework and models on policies, execution and reporting.
Lead the expansion and augmentation of policies and standards consistent with regulatory guidance and industry best practices.
Promote policy awareness, implementation and compliance by engaging key model risk stakeholders counting model users, developers, validators, audit and executive administration.
Support the preparation of presentations and periodic model risk reports for executive management, the Model Risk Management committee and the Board of Directors.
Assist the Bank's senior management team on model governance related regulatory issues.
Supervise the performance of suitable quality assurance and control measures on model information contained in the endorsed model and recommendation inventories.
Collaborate with Validation Managers and other backers to mature and improve operating model across first and second lines of defense associated to model risk management to safeguard ideal execution.
The Senior Model Validation Officer position is fully responsible for the vital Model Risk Management framework.
Also responsible for execution of an independent effective challenge of all modelling choices in accordance to internal policies, procedures and standards.
Minimum Requirements of the Senior Model Validation Officer
Accustomed to leading model risk management practices and regulatory guidance
Experience in dealing with regulators and a changing regulatory landscape
6+ yrs. in Risk Management (experience using, developing or validating models desirable)
Bachelor s Degree in a subject with quantitative elements
6+ yrs. years working acquaintance of bank products and business processes, particularly how models support or impact these processes
Master s/Advanced Degree in subject with quantitative elements
Understanding in either model governance or model validation roles
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.