Model risk manager jobs1/14/2024 ![]() Proactively maintains effective partnerships with the model validation analysts, model owners, business level risk management teams and auditors, internal and external to execute sound model risk governance and resolve all issues in a timely manner. ![]() Executes MRM scheduling including the identification of model governance activities, scheduling of model validations, monitoring of timelines and management of project documentation. Updates and monitors compliance with the Model Governance Policy, the MRM Policies and Procedures, and Vendor Model Policies, including gap analysis and road map to the target state for each model. Promotes a strong model risk control culture and develop communication strategies to improve model risk awareness. Manages model development and model validation documentation, implementation and ongoing monitoring processes ensuring satisfactory documentation for existing and for new models. Manages the re-development and maintenance of the model inventory ensuring the inventory is complete, accurate, and consistent with the intent of the Model Governance Policy. Manages the model inventory and the periodic model inventory attestation process including model definition, risk rating and model process rationalization. Responsible for providing support to the development of controls for a sound and robust MRM framework within NYCB. ![]() Oversees the MRM process, controls and compliance with model governance policies and procedures, as per regulatory guidelines. Reports regularly to the Model Risk Manager on the compliance of the model risk management program, including policies and procedures, with respect to its progress, working issues, and challenges. ![]() This analyst will review the complex models used within the organization, all model documentation protocols, the development and maintenance of model risk reporting, and the maintenance of the model inventory. This includes participation in the implementation of MRM standards, policies, and procedures, performing ongoing monitoring of the execution of MRM processes managing model inventory & periodic attestation, and identifying & reporting on aggregate model risk. Our teams integrate with clients’ broader corporate information network to deliver on the critical mandates.Senior Model Risk Management (MRM) Governance AnalystĪ Senior Model Risk Management (MRM) Governance Analyst supports the implementation and execution of a bank wide model governance program for MRM, in conformance with regulatory guidelines. The CoE leverages WNS’ proven capabilities as a BPM leader in the areas of analytics, technology, process re-engineering and project management to provide end-to-end solutions in banking, financial risk modeling, and model risk management. The WNS Model Risk Management Centre of Excellence (CoE) helps clients with every aspect of the modeling ecosystem by addressing the imperatives of Basel guidelines, CCAR and D-FAST requirements, along with the local regulatory needs. So risk practitioners now need to ensure the efficacy of risk models while addressing growing regulatory compliance requirements of conducting regular model validations and reviews, and meeting use-test requirements. With the extended use of analytics to measure and monitor risks, use of statistical models has become crucial, leading to model risk management. Risk management (as a function) has since become an integral part of financial decision-making, in contrary to the earlier siloed approach. The risk management landscape has evolved considerably over the years due to an increasing focus on regulatory requirements, especially after the financial crisis of 2008.
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