Model Risk VP

Social Capital Resources; New York (NY); On-site; USD 130,000 - 155,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Disability insurance

Paid paternity leave

Job summary

A top-tier bank in Midtown, Manhattan is seeking a Model Risk VP for a permanent position. In this role, you will manage model risk policies and procedures, conduct validations, and ensure compliance with regulatory requirements. The ideal candidate will have 5+ years of relevant experience and proficiency in risk modeling tools and programming languages.

Qualifications

• 5+ years experience with risk modeling and model validation.
• Prior experience working at a bank is necessary.
• Demonstrated knowledge of model risk management regulatory requirements (FRB SR11-7).

Responsibilities

• Maintain effective model risk management policy and procedures.
• Conduct independent model validation.
• Identify and act on risk management responsibilities.

Skills

Risk modeling

Model validation

Microsoft Office

SQL

SAS

Python

R

Regulatory requirements knowledge

Education

Bachelor's degree in Finance or related field

Job description

22 hours ago Be among the first 25 applicants

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Social Capital Resources provided pay range

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

Base pay range

$130,000.00/yr - $155,000.00/yr

Top-Tier Bank in Midtown, Manhattan is seeking a Model Risk VP for a permanent position!

Responsibilities:

• Maintain effective and efficient model risk management policy and procedures, as well as conducts the independent model validation.
• Responsible for demonstrating risk awareness by following all policies, procedures, and internal control in the daily routine.
• Responsible for maintaining the Model Risk Management framework, including supporting the Model Risk Management Policy and Procedure, the Model Inventory and the repository of model-related documentations.
• Act as a risk manager with the responsibility for identifying, acting on, and escalating risks and is held strictly accountable for the failure to discharge their risk management duties.

Qualifications:

• 5+ years experience with risk modeling and model validation
• Prior experience working at a bank is necessary
• Computer proficiency in Microsoft Office and programming languages like SQL/SAS/Python/R
• Demonstrated knowledge of model risk management and associated regulatory requirements (FRB SR11-7)

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

Referrals increase your chances of interviewing at Social Capital Resources by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Disability insurance

Paid paternity leave

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