Role Overview

This director-level role involves supporting and enhancing the governance and control of model risk across the bank. The Model Risk Officer validates credit risk models, ensures compliance with model risk policy, and provides challenge and oversight to the model development process. The role also involves managing a team of model validators and collaborating with stakeholders across the bank.

Key Responsibilities

Maintain and control a bank-wide model inventory and associated risk assessments
Support delivery of bank-wide policy and mandatory procedures for model risk governance
Conduct pre-implementation model validations and periodic independent reviews of credit risk models
Track and proactively escalate model-related issues to ensure compliance with the operational risk framework
Design and implement bank-wide model risk appetite approved by executives and cascaded to business lines, functions, and legal entities
Enhance and maintain model validation standards and develop automated model validation tools
Support all areas in maintaining appropriate governance and minimum standards for model risk
Work across asset classes to manage and remediate internal and external audit issues related to model risk
Manage and coach a team of model validators

Required Skills and Experience

Significant experience in model validation or model development of risk models
Strong understanding of model-related regulatory requirements in the financial industry
Project management experience with the ability to set clear direction, track objectives, and deliver outcomes
Excellent problem-solving and analytical skills
Strong communication and stakeholder management skills, including influencing senior management
Financial acumen to understand model risk indicators across assets, business lines, platforms, regions, markets, and regulations
Expert knowledge of policy management and control processes across multiple lines of business
Experience preparing high-quality documentation for regulators and auditors

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