Model Risk Manager

  • USD140000.00 - USD160000.00 per year
  • Manhattan, NY, USA Manhattan NY US
  • Permanent, Full time
  • Michael Page International - US
  • 13 Jun 18 2018-06-13

The Model Risk Manager works closely with model owners and developers through the model life-cycle, and works collaboratively to address findings and improve the overall quality of the analytical tools used across the Bank.

My client is a leading banking institution in Manhattan.


Manage model risk across the model life-cycle including model validation, ongoing monitoring, and periodic model reporting. This includes:

  • Prepare written analysis of validation work.
  • Provide effective challenge to model assumptions, methodology selection and model implementation.
  • Manage stakeholder interaction with model owners and developers during the model life-cycle.


The Ideal candidate must have the following:

  • Advanced degree in a quantitative discipline (Statistics, Mathematics, Computer Science, Engineering etc.) with 3+ years of relevant experience is required.
  • Understanding of supervisory guidance on Model Risk Management is required.
  • Strong programming skills in one or more of the following: R, Python and SQL.
  • Excellent verbal and written communication skills; must be able to communicate effectively, professionally and with tact with all levels of personnel whether in person, on the phone or via email.
  • Ability to work independently as well as collaborate with colleagues.
  • CCAR/DFAST, CCEL, credit risk, BSA/AML modeling experience is a huge plus

Job Offer

Competitive pay along with bonus and competitive benefits.