Head of Model Risk Governance, Managing DIrector - Boston, MA, United States - myGwork LGBTQ Business Community

Description

This inclusive employer is a member of myGwork – the largest global platform for the LGBTQ+ business community.

State Street's Model Risk Management (MRM) is seeking a Head of Model Risk Governance (MD) who will lead the Model Risk Governance team within the Model Risk Management group.

The Head of Model Risk Governance plays a crucial role in promoting risk excellence culture, partnering with stakeholders in ensuring the robustness of Model Risk Management framework.

As the Head of Model Risk Governance, you will work with Head of Model Risk Management to
Continue to enhance the firm-wide model risk management (MRM) framework including policies and procedures, risk metrics & measurements, assessment of emerging risk, risk reporting and training in ensuring compliance with SR 11-7 and global regulatory requirements
1LOD senior management, business risk management executives, etc.) across legal entities to enhance the oversight and control of the adherence to the MRM policy
Collaborate with internal stakeholders across business units and legal entities to enhance alignment in implementing MRM policy and promote MRM best practices
Support audits and regulatory examinations and activities, as well as remediation efforts
Recruit, train and develop Model Risk Governance professionals based in US and Poland, while fostering a culture of collaboration
Manage the firm-wide model inventory and annual certification process to ensure its completeness and accuracy
Manage the model finding inventory while engaging stakeholders to ensure appropriate remediation actions are executed in a timely and effective manner
Support Global Head of Model Validation and Head of Model Risk Governance Technology in transforming and reengineering the current operating model

A proven leader with strong written/verbal communication skills and the ability to build effective partnership across business lines and legal entities
An experienced model risk management expert with deep understanding of regulatory requirements regarding model risk management (such as SR 11-7, TRIM, etc.) A self-motivated strategic thinker with track record in developing innovative solutions, driving for transformation and accelerating impact
An excellent people and project manager exemplified by the ability to develop and retain talents while driving for high quality results
A thought-leader in quantitative modeling or model risk management field

8+ years of model risk management or relevant risk management experience in a banking environment supporting regulatory and audit exams, as well as the closures of regulator or audit findings
~ Past experience in managing a global risk management (E.g., model risk governance, or model validation team, etc.)
~ MS or PhD in Financial Engineering, Statistics, Math, or related field
~ Deep knowledge of model life cycle management or past model development/ validation/ governance experience in a broad range of areas (such as stress tests, market/credit risk, asset valuation, compliance, etc.) Experience with Archer (a governance, risk, and compliance system) and model risk governance infrastructure a plus
~ Working knowledge in AI model governance or validation a plus

If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility.

Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader.

You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.