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