Model Risk Manager

Role summary

[Company] is hiring a Model Risk Manager to lead independent model validation and oversight. Reporting to the [Chief Risk Officer / Head of Model Risk], you will validate models, maintain the model inventory, and ensure sound model risk management aligned to [SR 11-7 / internal MRM policy].

Key responsibilities

• Model validation. Perform independent validation of models, covering conceptual soundness, data, and performance.
• Model inventory. Maintain the enterprise model inventory and risk tiering, including AI and machine learning models.
• Ongoing monitoring. Define and review ongoing performance monitoring, including drift and stability.
• Governance. Maintain model risk policy, standards, and the model lifecycle governance process.
• Documentation. Review model documentation and challenge assumptions and limitations.
• Reporting. Report model risk to the [Model Risk Committee / Risk Committee].
• Regulatory. Support regulatory exams and respond to findings.

Required qualifications

• [5 to 10] years in model risk, quantitative analytics, data science, or validation.
• Strong quantitative background and an understanding of machine learning methods.
• Familiarity with model risk management expectations such as SR 11-7.
• Ability to write and review rigorous validation documentation.

Preferred qualifications

• Advanced degree in a quantitative field.
• Experience validating machine learning or generative AI models.
• Experience in a regulated industry such as [financial services / insurance / banking].

About the team

[Describe the model risk function, the model landscape, and how machine learning fits the current book of models.]

[Salary range. Postings with salary ranges perform significantly better on GRC Careers, and several states require them.]