Model Risk Management VP — Validation & Governance

Bocusa; New York (NY); On-site; USD 110,000 - 230,000; Full time

Job summary

Bocusa is seeking a VP in Model Risk Management to lead model validation efforts and ensure compliance with regulatory standards. The role involves conducting validation on credit risk models and enhancing the EUC control framework. The ideal candidate will hold a Bachelor's degree and preferably a Master's in a relevant field, with at least 6 years of experience in financial modeling. A strong understanding of SR11-7 regulations and strong analytical skills are essential for this position. Compensation ranges from $110,000 to $230,000 annually, commensurate with experience.

Qualifications

• Minimum 6 years of financial modeling/analytical experience.
• Strong analytical and quantitative skills to validate models effectively.
• Knowledge of supervisory guidance on model risk management.

Responsibilities

• Conduct model validation mainly on credit risk related models.
• Support and drive implementation of model risk management framework.
• Contribute to EUC control framework maintenance and enhancement.

Skills

Analytical skills

Critical thinking

Problem-solving

Knowledge of SR11-7

Education

Bachelor's degree

Master's in Financial Engineering or related field

Job description

Bocusa is seeking a VP in Model Risk Management to lead model validation efforts and ensure compliance with regulatory standards. The role involves conducting validation on credit risk models and enhancing the EUC control framework. The ideal candidate will hold a Bachelor's degree and preferably a Master's in a relevant field, with at least 6 years of experience in financial modeling. A strong understanding of SR11-7 regulations and strong analytical skills are essential for this position. Compensation ranges from $110,000 to $230,000 annually, commensurate with experience.