Model Risk Governance Specialist - Temp to Perm

Model Risk Governance Specialist - Temp to Perm

New York, NY
11463914
10-09-2018
or
Intermedia Group has the following open position:

Title:            Model Risk Governance Specialist
Location:    Midtown Manhattan
Type:          Temp to Perm

 
IMPORTANT: WE CAN ONLY WORK WITH CANDIDATES ON A W2-BASIS / NO CORP-CORP APPLICANTS WILL BE CONSIDERED / NO H1-B HOLDERS

Summary
The Bank's America’s Model Risk Management (AMRM) unit is responsible for the management of enterprise-wide model risks associated with the Bank's development, deployment, maintenance and use of quantitative models. Model risk occurs in two fundamental ways: the error in estimation of a measure such as price, valuation or risk, and in the potential misapplication or use of a model or its output. In order to manage model risk in these aspects, the Bank has developed and implemented a comprehensive framework across its three lines of defense. The first line of defense being the business units that build, maintain and use models, the second line is the AMRM – responsible to establish and maintain the framework – includes the independent validation of all models and managing model risk in aggregate at the enterprise level, and lastly the third line is the independent audit function which reviews the effectiveness of the framework. 

Responsibilities
  • Understand the comprehensive vision on managing model risk and contribute to the Bank's culture to exceed best practices on model hygiene.
  • Lead a project to enhance the Annual Model Certification process by working with stakeholders across the bank to ensure robust data quality and creating a business requirements document for systems enhancements.
  • Communicate with model validators, senior model risk managers, and other members of the AMRM Framework & Governance team regarding quality assurance program requirements, results of reviews, and opportunities for improvement that may be achieved through training, job aides, templates, enhanced procedures or system enhancements.
  • Assist in issue remediation projects related to the model governance program. Present solutions to remediate external or internal issues. Establish consensus across the AMRM team on remediation language. Update relevant documents including model validation report templates.
  • Participate as needed in ‘special projects’ (e.g. system enhancements, process improvement, streamlining documentation templates, etc.).
  • Perform second line model operational controls and implementation testing as part of the model validation process.
  • Assist in gathering required documentation, logistical coordination and finding / Matters Requiring Attention (MRA) remediation for AMRM reviews by internal and external examiners as well as the Comprehensive Capital Analysis and Review (CCAR) submission.
INTERESTED APPLICANTS
 
IMPORTANT: WE CAN ONLY WORK WITH CANDIDATES ON A W2-BASIS / NO CORP-CORP APPLICANTS WILL BE CONSIDERED / NO H1-B HOLDERS


Qualifications
  • Model Risk Governance
  • Banking
  • Experience managing Risk (operational or market or credit)
If you are interested please contact:

Mervin Hernandez
Intermedia Group, Inc.
212 248-0100
mervin@intermediagroup.com
www.intermediagroup.com

Recruiter Contact

Mervin Hernandez | Recruiter
mhernandez@intermediagroup.com
Intermedia Group Inc. | New York, NY
Main: (212) 248-0100
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