Vice President - Model Risk Manager

  • Negotiable
  • Miami, FL, USA
  • Permanent, Full time
  • Michael Page International - US
  • 05 Dec 18

The Model Risk Vice President will be responsible for the overall Enterprise Risk of all the Models and the proper processes from a risk and methodology perspective.

My Client is a leading financial institution.


The Candidate will be responsible for:

  • Maintain Model Risk Management Framework, Identify Risks and Advise on Mitigation Strategies:
  • Maintain the Enterprise's model inventory and model documentation library and validation review schedule.
  • Conduct independent model validations to manage and mitigate the risks that arise from the use of models
  • Prepare rigorous work papers documenting the validation review and analysis.
  • Discuss findings and their risk severity with model owners and assist with remediation recommendations.
  • Track findings assigned and validate them to ensure they are properly addressed in a timely manner.
  • Prepare presentations for Risk Committees
  • Facilitate risk profiling process for assigned business units.


The ideal candidate will have:

  • Advanced degree in Finance or FRM/PRM certifications with quantitative background required.
  • Must have 5-10 years of experience in banking in a risk management role and a strong working knowledge of programming (Excel/VBA) and relational databases.
  • Experience with risk tools including SAS, Moody's, Actimize, Intex, SNL, Bloomberg API, or other BSA/AML and Fraud detection systems is preferred.
  • Model validation experience with a DFAST or CCAR institution is strongly preferred.

Job Offer

Competitive pay and benefits with competitive bonus