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Head of Model Risk Governance

  • Location: New York City
  • Salary: tc $250 - 300k
  • Job type: Permanent
  • Job reference: SNHeadModelRiskGovernance
  • Sector: Quant Analytics
Job Description

Our client is  one of the largest insurance and asset management groups in North America, in the top 100 of the Fortune 500 and provides life insurance, wealth management, estate and retirement planning, and investment services to customers throughout the world.

Model Risk Management (MRM) is a core component of the firms Enterprise Risk function, and Movel Risk Governance one of the 2 pillars of MRM.  There is currently an opportunity for a Head of Model Risk Governance to join the team.  

The Head of Model Risk Governance  will report to the Head of Model Risk Management and be responsible for implementing firm-wide model risk governance standards and procedures.  Collaborating with the business units, the actuarial function and other Risk Management colleagues, he/she will be responsible for maintaining and updating comprehensive model inventories, risk policies and model control standards appropriate for the risk profile of the company and consistent across all businesses.  Working with the Head of Model Risk Management, this individual will also be responsible for developing and maintaining model risk reporting for Senior Management and the Board.

 

Requirements

  • BA or advanced degree in Econometrics, Statistics or other quantitative discipline

  • Minimum 10 years of experience in Model Governance, Model Risk Management or Quantitative Risk

  • Experience in risk, finance and regulatory aspects

  • Experience in drafting documentation and reports for executives and regulators

  • Exceptional interpersonal skills and ability to collaborate successfully

  • Proven success as a trusted partner who implements change and positively influences change adoption by end users

  • Proven track record and demeanor to handle highly confidential and sensitive matters in a changing environment

  • Experience with both insurance and banking institutions a plus

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