Model Risk Audit Manager

Hamlyn Williams; New York (NY); On-site; USD 150,000 - 190,000; Full time

Job summary

Hamlyn Williams is seeking a VP Audit Manager to lead internal audit coverage of model risk management. This role involves assessing design effectiveness and managing audits within a top-tier international bank, providing an opportunity to shape governance frameworks and improve audit processes with your expertise.

Benefits

Medical insurance

Vision insurance

401(k)

Qualifications

• 8+ years of internal audit or model risk experience in banking or capital markets.
• Strong understanding of financial models and model risk governance frameworks.
• Professional certifications (CPA, CIA, CFA, or FRM) are a plus.

Responsibilities

• Lead audits focused on model development, validation, governance, and usage.
• Develop and execute risk-based audit programs, ensuring compliance with standards.
• Supervise audit staff and co-sourced professionals.

Skills

Internal audit

Model risk assessment

Stakeholder management

Report writing

Presentation skills

Education

Bachelor’s degree in Accounting, Finance, Math, Economics

Job description

3 days ago Be among the first 25 applicants

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This range is provided by Hamlyn Williams. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$150,000.00/yr - $190,000.00/yr

Direct message the job poster from Hamlyn Williams

We’re partnered with a top-tier international bank that is seeking a VP Audit Manager to lead internal audit coverage of its Model Risk Management (MRM) framework. This role is central to assessing the design and effectiveness of model governance, validation, and risk oversight across capital markets and banking activities.

Key Responsibilities:

• Lead audits focused on model development, validation, governance, and usage in alignment with SR 11-7 and internal policies
• Evaluate the effectiveness of controls over model lifecycle management, including model risk tiering, change management, and performance monitoring
• Develop and execute risk-based audit programs, ensuring compliance with IIA standards and internal audit methodology
• Communicate audit objectives, findings, and recommendations clearly to stakeholders and senior leadership
• Participate in risk assessments, continuous monitoring, and annual audit planning activities for model risk and related areas
• Track and validate remediation efforts related to internal findings or regulatory feedback
• Support departmental initiatives, process improvement efforts, and special projects across the audit function
• Supervise audit staff and co-sourced professionals, providing coaching, feedback, and oversight of workpapers

Skills & Experience Needed:

• 8+ years of internal audit or model risk experience within banking or capital markets
• Strong understanding of financial models used in credit risk, market risk, liquidity, ALM, or capital planning
• Hands-on knowledge of model risk governance frameworks and regulatory expectations (e.g., SR 11-7, OCC 2011-12)
• Ability to assess quantitative methodologies and communicate technical findings in a clear, business-focused manner
• Excellent stakeholder management, report writing, and presentation skills
• Proven ability to manage audits from planning through reporting, within tight timelines
• Bachelor’s degree in Accounting, Finance, Math, Economics, or a related quantitative field
• Professional certifications (CPA, CIA, CFA, or FRM) are a plus

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Banking and Investment Banking

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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