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Bank of ChinaPosted 4 months ago

Enterprise Risk Management Department-Model Risk Management VP

$110,000–$110,000 year

On-siteNew York City, New York, United States or New York, United States

Full TimeSenior LevelMasters DegreeEnterprise

Job Summary

Conduct independently and drive the team to perform model validation on credit risk, compliance risk, market risk, interest rate risk, and liquidity risk models, producing validation reports and coordinating remediation of findings. Support and drive the team to implement model risk governance activities, maintain the model inventory, and conduct annual model review/attestation processes to ensure alignment with regulatory expectations. Contribute to EUC control framework maintenance and enhancement by collaborating with relevant stakeholders. Communicate validation findings and remediation activities with model developers, owners, users, and senior management while responding to requests from Regulatory and Internal Audit. Execute multi-tasks around model risk governance to add business value in the validation process.

Required Qualifications

  • Bachelor's degree
  • Minimum 6 years of financial modeling/analytical experience
  • Demonstrate strong analytical and quantitative skills to understand and validate models effectively
  • Demonstrate strong critical thinking and problem-solving skills with the ability to exercise sound and balanced judgment
  • Demonstrate knowledge of SR11-7, supervisory guidance on model risk management, and other relevant banking regulations from regulators including OCC and FRB

Desired Qualifications

  • Master's degree in Financial Engineering, Financial Mathematics, Mathematics, Statistics or Computer Science major preferred
  • FRM or CFA preferred

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