Job Description

The Inspection Group, as the Bank’s periodic control function (i.e., third line of defense), independently assesses the effectiveness of the permanent control function (i.e., first and second lines of defense) to identify, measure, monitor, and control risks. The Senior Model Audit Manager will support the ERM Audit Director and work closely with a wide range of bank’s officers, including the Chief Risk Officer, the Chief Financial Officer, the Market Risk Manager, the Controller and Treasurer, the Head of Model Validation Group or the Head of Operational Risk in addition to the General Auditor. The Senior Model Audit Manager will provide an effective challenge over the model risk management activities of both the first and second lines of defense, the model developers, owners, users/operators, validators and governance team. This necessarily includes challenges to model validations, up to and including re-performance, as needed. This also includes determining the integrity of management information systems relevant to model risk. The Senior Model Audit Manager will both supervise and perform audit assignment(s) that assess the strengths and weaknesses of model risk management related controls so that business objectives are met; risks are sufficiently mitigated; policies, procedures and standards are followed; and regulatory expectations are met – particularly in respect of CCAR and the DFA Enhanced Prudential Standards. Essential Job Functions Evaluates and formulates improvements in risk assessment process including model development and process redesign. Ensures that improvements are applied to all bank programs and are in compliance. Administers continuous monitoring and auditing programs. Applies all changes and improvements. Qualifications Education Required Education or Equivalent Experience Bachelor’s Degree required Master’s/Advanced Degree preferred Required Experience 10+ years in Audit or Risk Additional Information All your information will be kept confidential according to EEO guidelines. Direct Staffing Inc #J-18808-Ljbffr Jobleads-US

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