Senior Manager of Model Validation and Approval - Jersey City - beBeeModel

    beBeeModel
    beBeeModel Jersey City

    1 week ago

    $120,000 - $200,000 (USD) per year *

    Job title: Model Validation Associate Director

    Description

    Your Responsibilities

    • Hands-on Validations and Reviews: Perform hands-on validations, write quality model validation reports, and provide model approvals.
    • Collaboration with PMO: Collaborate with the Project Management Office (PMO) to maintain a viable model validation schedule, coordinate and oversee model validation, and review performed by the model validators to ensure timeliness, quality, and effective challenge.
    • Model Owner Collaboration: Work with the model owner, model developer, and model user on all aspects of model validation and issue resolution.
    • Model Risk Governance Council Presentations: Prepare model validation and review presentations to the Model Risk Governance Council (MRGC) meetings for model approval, model issue tracking and resolution.
    • OM&A Team Collaboration: Collaborate with the Operations & Management Assurance (OM&A) team to ensure the highest quality of validation, annual review, and Model Performance Monitoring (MPM) reports.
    • Auditor and Regulator Collaboration: Collaborate with the auditors and regulators on all aspects of model validation.
    • Monthly MRGC Review Meeting: Challenge the model performance and methodologies at monthly MRGC review meeting.
    • Ad-hoc Analysis: Perform ad hoc analysis to identify model limitations and performance issues. Recommend action plan for remediation.
    • Review MPM Metrics: Review Model Performance Monitoring (MPM) metrics and plans according to firmwide Model Performance Monitoring (MPM) standards and opine on the appropriateness of the metrics and plans.
    * This salary range is an estimation made by beBee
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