Model Risk Management - Policy Practice and Governance - Associate

• The Model Risk and Governance Group (MRGR) is responsible for conducting model validation to identify, measure, and mitigate Model Risk.
• Ensure that models are used appropriately in business contexts and that users are aware of models' strengths and limitations.
• MRGR works closely with Risk, Finance, and LOB professionals to review findings, model risk measurement, and mitigation strategies.
• As an Associate in the MRGR Policy, Practice, and Governance team, you will:
• Oversee maintaining the group's governing policies and procedures.
• Work on consistency, best practices, and improvements to model risk management processes.
• Be part of the MRGR central Governance team, focusing on cross-LOB governance and process enhancements.

Job Responsibilities:

• Manage multiple governance projects and tasks simultaneously, with flexibility to work outside of the defined position as needed.
• Communicate and manage project expectations with program managers, sponsors, team members, and other stakeholders.
• Participate in process (re)engineering initiatives to achieve operational excellence.
• Update MRGR governing policy and procedure documents as necessary.
• Respond to requests on audit/regulatory exams.

Required Qualifications, Capabilities, and Skills:

• Experience in model risk or model development in a highly regulated environment.
• Knowledge of financial modeling (e.g., probability theory, statistics, numerical analysis) or financial products (e.g., Derivatives, loans, payments, cards).
• Proven ability to influence decisions in a multi-stakeholder context.
• Excellent analytical and problem-solving skills.
• Strong organizational and project management skills.
• Degree in Economics, Finance, Sciences, Engineering, or Computer Science.

Preferred Qualifications, Capabilities, and Skills:

• Open to candidates with a quantitative background, as well as professionals from audit, business management, consulting, risk, and governance.