- Work closely with customers to facilitate and consult on their Model Risk Management
- Assistin the design, development, and implementation of model governance processes to ensure all models are managed in accordance with the regulatory requirements across different jurisdictions such as SR 11-7 (FRB)
- Adviseproduct development and data science teamson the customer's MRM policy/procedures expectations
- Coordinate with product developmenton thetimely delivery of model documentation to the model validation, and work closely with other internal stakeholders to ensure the smooth execution of various processes and projects
- Ensure the model inventory is complete and meta data regarding models is accurately captured in the model inventory management system
- Conduct training sessions to educate our larger organization about the model risk management program and related expectations
- Maintain an up-to-date knowledge of new trends in analytics and suggestenhancements to the program so that model risk can be appropriately managed
- Research industry best practices around model risk management (from a vendor perspective) and identify areas where current program can be enhanced
- Provide guidance to internal stakeholders pertaining to model development, validation, implementation, performance monitoring, usage, retirement standards, guidelines, and procedures
- 10+ years experience in a risk management or an audit role at a large financial institution or agency and experience with MRM and Banking / AML regulatory compliance requirements
- 10+ years experience with MRM governance and enterprise-wide risk management
- A strong knowledge of control design, implementation, testing, and documentation
- An in-depth knowledge of relevant regulations such as SR 11-7, SR 15-18/19, SS1/23, and Basel Final rules
- Confident, articulate, and professional communication abilities
- Familiarity with AI/ML model 2/interpretability toolkits for enabling explainable models involving decision trees, Random Forest, XGBoost, LightGBM, etc. would be considered an asset
- A bachelor's degree, or master's degree in any STEM field (engineering, math, computer science, etc.) would be an asset
- Assisting customers through model validation successfully and in a timely manner during a customer's onboarding project
- Our customer and internal partners see you as a trustworthy resource, with whom they can share their concerns and celebrate their successes
- You are consistently bringing new ideas to the team and working on process improvements
Verafin – Model Risk Management Lead - St. John's, Canada - Nasdaq
Description
Verafin is a cutting-edge software company focused on delivering next generation fraud and money laundering solutions to financial institutions across North America. Our rapid growth and continuing success mean we have an opening for a Model Risk ManagementLead to join our team.
As the Model Risk Management Lead , you will be responsible fordeveloping and maintainingCorporate Model Risk Management Policy and Procedures in supporting the biggest financial institutions in North America In this role you will champion the model governance framework across the business, while maintainingthe corporate model inventory and model risk technological tools. We are looking for a self-motivated specialist in Model Risk Management to provide exceptional service and build rapport with key internal and external contacts as you complete complex customer projects.
Role Responsibilities:
Essential Skills & Qualifications
What does success look like in this role?
This role will close on April 7th at 11:59pm NST
Come as You Are
Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.