Model Risk Management Consultant

Madison-Davis; New York (NY); Hybrid; USD 110,000 - 190,000; Full time

Job summary

Madison-Davis, LLC is seeking an experienced Model Risk Management Consultant to support and enhance its model risk governance framework. The role involves maintaining the model inventory, updating policies, and preparing senior leadership reports.

Collaboration across business units and support functions is essential. The ideal candidate will have at least five years of experience in model governance, validation, or related quantitative disciplines, with strong attention to detail and

Qualifications

• 5+ years of experience in model governance, validation, development, or quantitative audit.
• Strong organizational skills and attention to detail.
• Ability to collaborate with stakeholders across the organization.

Responsibilities

• Support development and refinement of the model risk management framework.
• Maintain model inventory and coordinate corrections.
• Review and update model risk policies and procedures.
• Prepare management reports and dashboards for senior leadership.
• Assist with validation planning and follow-up activities.
• Track notices and coordinate follow-up actions.
• Contribute to model risk training and tooling enhancements.
• Provide guidance to model validators using the platform.
• Collaborate with business lines to promote governance practices.

Skills

Model governance

Model validation

Quantitative auditing

Policy development

Stakeholder collaboration

Tools

Model risk platform

Job description

Title: Model Risk Management Consultant

Office Status: Hybrid

Pay Rate: Not specified

Contract Length: Not specified

ABOUT THE ROLE

Our client is seeking an experienced model risk professional to support and enhance its model risk management framework. This individual will work across business units and key support functions, helping maintain model governance processes, oversee inventory accuracy, and contribute to reporting, policy development, and ongoing framework improvements. The ideal candidate will have at least five years of experience in model governance, model validation, model development, quantitative audit, or a related discipline. Strong organizational skills, attention to detail, and the ability to collaborate with stakeholders across the organization are essential.

RESPONSIBILITIES

• Support the ongoing development and refinement of the organization's model risk management framework.
• Maintain the model inventory, including recording newly identified models, performing data quality reviews, and coordinating necessary corrections.
• Review and update model risk policies, procedures, and supporting documentation.
• Prepare management reports, dashboards, and presentation materials for senior leadership and model risk governance committees.
• Assist with validation planning and monitor follow-up activities to support timely completion.
• Track outstanding notices and coordinate follow-up to ensure appropriate actions are addressed.
• Support the development and delivery of model risk management training.
• Contribute to enhancements of model risk management tools and related processes.
• Provide guidance and operational support to model validators using the model risk management platform.
• Collaborate with business lines and key support teams to promote consistent model risk governance practices.