Model Risk Associate: Validation, Governance & EUC

Bank of China Limited, New York Branch; New York (NY); On-site; USD 50,000 - 70,000; Full time

Job summary

Bank of China Limited, New York Branch is seeking an Associate in Model Risk Management to support the validation and governance of financial models. The role involves assisting in independent model validation, remediation tracking, and contributing to EUC control efforts.

The candidate should have a Bachelor's degree, with internships in risk management preferred, and strong analytical skills. Mandarin bilingual ability is highly preferred, with opportunities to work across regulatory-driven

Qualifications

• Bachelor's degree in a related field required; Master's preferred.
• FRM or CFA certification is a plus.
• Strong analytical and quantitative skills for model validation.
• Specialty in credit risk models and compliance models preferred.
• Bilingual Mandarin (oral and writing) highly preferred.

Responsibilities

• Assist independent model validation for models in the inventory and produce validation reports.
• Support remediation of model validation findings and monitor progress.
• Communicate validation findings with model developers/owners/users and coordinate remediation activities.
• Assist in maintaining model inventory and conducting annual model review/attestation processes.
• Assist EUC control framework maintenance and enhancement.

Skills

Analytical thinking

Quantitative skills

Model risk understanding

Communication

Team collaboration

Education

Bachelor's degree

Master's degree in Financial Engineering/Math/Statistics/CS

FRM or CFA

Job description

Bank of China Limited, New York Branch is seeking an Associate in Model Risk Management to support the validation and governance of financial models. The role involves assisting in independent model validation, remediation tracking, and contributing to EUC control efforts.

The candidate should have a Bachelor's degree, with internships in risk management preferred, and strong analytical skills. Mandarin bilingual ability is highly preferred, with opportunities to work across regulatory-driven