Model Risk Management Senior Associate

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• Model Risk Management Senior Associate
• Location: Jersey City, NJ or Dallas, TX (Hybrid)
• Experience Level: Mid-Senior
• Experience Required: 6+ Years
• Education Level: Bachelor’s Degree (preferred)
• Industry: Financial Services
• Job Function: Finance
• Compensation: Up to $145,000
• Relocation Assistance: Not Available
• Visa Sponsorship: Not Eligible
• Total Positions: 1
• Role Overview
• This position is responsible for overseeing enterprise-wide model risk management, ensuring
• compliance with regulatory guidelines (SR 11-7), and supporting the organization’s efforts to
• monitor, validate, and mitigate model risks. The role involves hands-on validation of models,
• performance monitoring, and collaboration with key stakeholders to ensure effective challenge
• and issue resolution.
• Key Responsibilities
● Model Validation and Reporting:
○ Perform hands-on model validations and reviews, producing high-quality
• validation reports.
○ Prepare and present model validation results to the Model Risk Governance
• Council (MRGC).
○ Evaluate and monitor the Model Performance Monitoring (MPM) plan for all
• models.
● Collaboration and Governance:
○ Work with model owners, developers, and users on all aspects of validation and
• issue resolution.
○ Partner with the Project Management Office (PMO) to maintain a viable
• validation schedule.
○ Collaborate with the Operations & Management Assurance (OM&A) team to
• uphold high-quality validations and reviews.
● Risk Management and Compliance:
○ Challenge model methodologies and performance during governance reviews.
○ Ensure compliance with regulatory requirements, including SR 11-7 and CCAS
• rules.

○ Align day-to-day responsibilities with risk and control processes, escalating
• issues appropriately.
● Technical Expertise:
○ Demonstrate proficiency in programming languages such as SQL, Python, R,
• SAS, or C/C++.
○ Apply knowledge of financial markets, products, and model risk management
• practices.
• Qualifications
● Experience: Minimum of 6 years in model validation, development, or related fields.
● Education: Bachelor’s degree preferred or equivalent professional experience.
● Key Skills:
○ Strong understanding of regulatory requirements for model risk management (SR
• 11-7).
○ Proficiency in financial markets, risk assessment, and technical programming.
○ Excellent communication and collaboration skills to work across diverse teams.
○ Commitment to fostering transparency, learning, and teamwork.
• About the Role
• This role offers the opportunity to work in a dynamic financial environment, ensuring models are
• sound and aligned with regulatory standards. The position emphasizes collaboration,
• continuous improvement, and innovation in model risk management practices.
• If you have expertise in model risk management and are ready to contribute to a critical function
• within the financial services industry, this role provides a rewarding opportunity to make an
• impact.

Requirements

● Experience: Minimum of 6 years in model validation, development, or related fields.
● Education: Bachelor’s degree preferred or equivalent professional experience.

Benefits

- Paid time off

- Medical, dental, vision insurance

- Life insurance

- 401k