Senior Model Risk Management & Governance Specialist - Financial Models, AI/ML, AML, Scorecards, and Regulatory Compliance

Model Risk Management requirements:

Responsible for managing the execution of validation activities for financial models, acquisition and portfolio management scorecards, AML models and anti-fraud tools in accordance with the governance framework, policies and procedures, and provide recommendations for continuous model enhancements across the enterprise. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

• Manages independent model validations and effective challenge of financial and account management models such as balance sheet/ALM, revenue, expense, credit loss, economic capital, regulatory capital, treasury, interest rate, acquisition scorecards, ML/AI models, AML models, and operational risk models.
• Interprets model validation test results and establish required action plans with model owners/developers and provide value-added recommendations to model owners/developers.
• Maintains current/develop new analytical reports and presentations for senior management, executive committees and regulatory exams.
• Actively participates in the production, maintenance and compliance with model validation policies, standards and procedures.
• Proactively identifies emerging model risk issues impacting the Company and communicates to model developers, senior management and the DFS Model Governance Committee.
• Maintains standardized model validation documentation, and keeps up to date with regulations, regulatory exam requirements and regulatory guidance.
• Interacts with external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model validation process.

Model Governance:

• Model Risk validation folks with hands on experience statistical modeling or model validation experience.
• Tools knowledge to Validate Models
• Independent testing and Challenge of Model Design
• Blend of above both skillsets, with a focus on Reporting and Housekeeping of Models for Maintenance.
• Question Data performance and assumption Before and After Model deployment
• Cut across different Lines of Business, a good understanding on Banking , Fair Lending Policies , Credit Card, Finance etc is a significant Plus.
• 2+ years experience in SQL/PostgreSQL, Python, VBA, Tableau ,Snowflake, Teradata, JIRA with minimum 1 year experience in MIS reporting within financial services.