Model Risk Governance Specialist
2 days ago
Duration: 5 Months with possibility of extension Job Description The position at a glance 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. 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: Bachelor’s or Master’s 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: 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. #J-18808-Ljbffr
-
Model Risk Governance Specialist
6 days ago
Montreal (administrative region), Canada Cynet Systems Inc Full timeJob Description The Model Risk Governance Specialist ensures that the organization’s models meet regulatory and internal model risk management requirements. This role is responsible for maintaining accurate model and recommendation inventories, coordinating issue resolution with validation and implementation teams, and preparing regular model risk status...
-
Model Risk Governance Specialist
6 days ago
Montreal (administrative region), Canada KYYBA Inc Full timeModel Risk Governance Specialist @ KYYBA Inc Description: 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...
-
Model Risk Governance Specialist
6 days ago
Montreal, Quebec, Canada Procom Full timeModel Risk Governance SpecialistOn behalf of ourbankingclient, Procom is seeking aModel Risk Governance Specialistfor acontract position. This role involves a hybrid work arrangement at our client's office inMontréal, Quebec.Model Risk Governance Specialist - Job Description:TheModel Risk Governance Specialistwill lead various strategic initiatives to...
-
Model Risk Governance
6 days ago
Montreal (administrative region), Canada KYYBA Inc Full timeA financial services provider based in Montreal is looking for a Model Risk Governance Specialist. You will ensure compliance with regulatory requirements and internal standards related to model risk management. Responsibilities include preparing reports, coordinating with model validators, and providing training on best practices. The ideal candidate holds...
-
Model Risk Governance Specialist
4 days ago
Montreal, Quebec, Canada Infotree Global Solutions Full timeJob Title: Model Risk Governance SpecialistDuration: 5 Months with possibility of extensionLocation: Montréal, QC H3A 2A6Job Description:The position at a glanceRISK 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...
-
Model Risk Governance Specialist
4 days ago
Montreal, Quebec, Canada Infotree Global Solutions Full timeJob Title: Model Risk Governance SpecialistDuration: 5 MonthsLocation: Montréal QC H3A 2A6Job Description:The position at a glanceRISK 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...
-
Strategic Model Risk Governance Lead
6 days ago
Montreal (administrative region), Canada Cynet Systems Inc Full timeA financial services organization in Montreal is seeking a Model Risk Governance Specialist to ensure compliance with model risk management requirements. The role involves maintaining model inventories, preparing status reports for management, and coordinating validations. Candidates must have a Bachelor's or Master's degree in a relevant quantitative field...
-
Model Risk Governance Specialist
2 days ago
Montreal (administrative region), Canada Infotree Global Solutions Full timeA leading consulting firm in Canada is seeking a Model Risk Governance Specialist. This role involves ensuring compliance with regulatory requirements and preparing reports on model risk. Applicants should have a Bachelor's or Master's degree in a related field and at least 3 years of experience in model risk management. Strong analytical and communication...
-
Model Risk Governance Specialist
1 week ago
Montreal, Quebec, Canada eTeam Full time**Job Title: Model Risk Governance SpecialistLocation: Montreal, QC (Hybrid)Duration: 05 MonthPay rate: $70/hr - $75/hrThe position at a glance**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...
-
Model Risk Governance Specialist
1 week ago
Montreal, Quebec, Canada KYYBA Inc Full timeDescription: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...
