Audit Director, Model Risk & AI Governance

Madison-Davis; Charlotte (NC); On-site; USD 150,000 - 230,000; Full time

Job summary

Madison-Davis, LLC is seeking an experienced Audit Director to lead model risk audit coverage across the organization. The role focuses on evaluating model risk management frameworks, AI governance, CCAR model controls, and regulatory compliance with stakeholders, risk management teams, and senior leadership.

The ideal candidate will bring deep expertise in model risk governance, regulatory expectations, and audit execution within complex banking or financial services environments.

Qualifications

• Advanced degree in finance, mathematics, data science, or related field.
• 7+ years in Model Risk Audit, Internal Audit, or related risk functions.
• 4+ years of hands-on audit in banking or financial services.
• Deep knowledge of model risk frameworks and governance.
• Experience auditing CCAR models and stress testing.
• Understanding SR 11-7, SR 26-2 guidance.
• Experience evaluating AI model governance.
• Strong communication to senior stakeholders.
• Ability to work independently with cross-functional teams.
• Experience in banking/capital markets preferred.

Responsibilities

• Lead audits of model risk management and governance across the organization.
• Evaluate design and effectiveness of controls for model development and validation.
• Direct audits from planning to reporting, including risk assessments and issue tracking.
• Assess regulatory compliance related to model risk management.
• Review CCAR governance, controls, docs, and reporting.
• Support continuous monitoring and risk assessments.
• Identify weaknesses and process improvement opportunities.
• Present findings to senior management and regulators.
• Contribute to expanding model risk audit coverage.
• Mentor junior auditors and support team development.

Skills

Advanced degree in Finance/Math/Stats

Model risk governance

Audit leadership

CCAR and stress testing

Regulatory knowledge SR 11-7 SR 26-2

AI governance experience

Communication to senior stakeholders

Independent cross-functional work

Education

Master's or Ph.D. in quantitative field

Job description

Madison-Davis, LLC is seeking an experienced Audit Director to lead model risk audit coverage across the organization. The role focuses on evaluating model risk management frameworks, AI governance, CCAR model controls, and regulatory compliance with stakeholders, risk management teams, and senior leadership.

The ideal candidate will bring deep expertise in model risk governance, regulatory expectations, and audit execution within complex banking or financial services environments.