Develop and improve policies and guidelines related to model risk management within the organization, including the creation of related documentation standards
Job Summary
Develop and improve policies and guidelines related to model risk management within the organization, including the creation of related documentation standards.
Coordinate with model owners, developers, validators, and users to ensure that developed and used models are accurate, comply with legal requirements, and adhere to internal bank standards.
Prepare model risk reports to committees and senior management, addressing key issues and suggesting improvements.
Matching Summary
Develop and improve policies and guidelines related to model risk management within the organization, including the creation of related documentation standards.
Skills & Requirements
Must-have
Develop and improve policies
Oversee and manage model risk
Define model taxonomy
Establish central model inventory
Coordinate with model stakeholders
Conduct model tiering and risk assessments
Oversee model monitoring and validation
Nice-to-have
Proficient with dashboard business tools
Good judgment and logic
Ability to multi-task
Strong personality
Perform well under pressure
Continuous improvement of best practices
Key Requirements
Bachelor's or Master's degree
Excellent interpersonal skills
Good knowledge of financial analysis
Computer literacy
Proficiency in common desktop business applications