Model Risk Management

ResponsibilitiesConduct independent validation of AI/ML models used in Wealth segment and CardX subsidiaries to ensure they perform as expected, comply with MRM standards, and align with their design objectives and business purposesIdentify potential limitations and weaknesses of the models and assess the potential impact from those identified model risksCollaborate with model developers and users to identify and mitigate model risks and compliance issues.Review and monitor model risks throughout the entire model lifecycle, including model implementation, ongoing monitoring, and periodic validationDocument validation results and findings and communicate outcomes to senior management and Risk Management CommitteeStay up to date with industry best practices, regulatory requirements, Generative AI, and emerging modeling methodologies and techniquesQualificationsBachelor’s degree in quantitative fields such as Mathematics, Statistics, Data Science, Computer Science, Computer EngineeringMinimum of 3 -5 years of experience in model risk management, model development, quantitative risk management, internal audit, or related fieldsStrong analytical and problem-solving skills, with a high level of attention to detailGood communication and presentation skills, with the ability to effectively convey complex information to stakeholdersAbility to work collaboratively with stakeholders at all levels across the organization