Model Risk Governance Specialist

Montreal - Canada

Monthly Salary: Not Disclosed

Posted on: 3 hours ago

Vacancies: 1 Vacancy

Job Summary

Overview:

TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail Banking and Services and Corporate and Institutional Banking

Position: Model Risk Governance Specialist

Location: Montreal QC H3A 2A6

Duration: 5 Months

Job Type: Temporary Assignment

Work Type: Onsite

Shift: 08:00 am to 05:00 pm

Job Description:

RISK Independent Review & Control (RISK IRC) is a special unit within the RISK organization and reports directly to the Group Chief Risk Officer.
The independent review arm of the department provides second line of defense for the use of various types of models and accordingly is in charge of model risk management.
RISK IRC is composed of several model validation groups and a model governance team.
The model governance team maintains the model inventory and helps ensure the application of the model risk management standards under the umbrella of the Federal Reserve Board letter SR11-7.

In detail:

The Model Risk Governance Specialist is responsible for the following activities:
Ensure compliance with all relevant regulatory requirements and internal standards related to model risk management under the guidance of the Head of RISK IRC Americas.
Prepare and present regular reports on model risk status issues and mitigation efforts to senior management.
Coordinate and engage the model validators to ensure that model risk management practices are integrated into the model development and validation processes.
Provide training and guidance to stakeholders on model risk management principles and best practices.
Maintain an updated model inventory in accordance with model risk management (MRM) decisions.
Manage the recommendations inventory and engage with the validators and implementation managers to ensure their adequate and timely resolution.
Coordinate the annual model attestation with Business Lines and the effective challenge exercise to ensure the completeness and accuracy of the model inventory.
Maintain and update when necessary model risk policies standards and procedures to ensure consistent and effective model risk management.

The strengths and skills that will help you succeed:

List of required competencies:

Bachelors or Masters degree in Finance Economics Mathematics Statistics or a related field.
3 years of experience in model risk management preferably within the financial services industry.
Ability to work in a fast-paced environment and manage multiple deadlines at once.
Strong sense of ownership and accountability.
Excellent analytical and organizational skills.
Ability to engage various stakeholders and deliver clear reports.
Strong verbal and written communication skills.
Good synthesis skills and critical thinking capabilities.
Highly efficient with Word PowerPoint Outlook and Excel.
Knowledge of English is required.

Preferred qualifications:

In addition to the minimum requirements it is desirable for the candidate to be able to demonstrate:

Programming skills (Python).
Knowledge of AI models governance or validation.
Knowledge of regulatory guidance on model risk management and banking regulation.
Knowledge of databases and systems for model inventory management.
Experience in interacting with model validators or internal auditors.
Experience in writing policies and procedures.

TekWissen Group is an equal opportunity employer supporting workforce diversity.

Overview: TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail Bank...