Model Risk Management

4 weeks ago

New York, United States Kroll Bond Rating Agency Full time
Position Title: Model Risk Management - Senior Director

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-Time

Location: New York, New York, United States

Summary/Overview:

KBRA (Kroll Bond Rating Agency, LLC) is seeking to bolster our Model Risk Management efforts in the New York office.

KBRA relies on credit rating methodologies, models, and analytical tools for its rating process. KBRA's Credit Policy department is seeking to reinforce its governance and oversight to mitigate these risks, particularly with respect to models and analytical tools. The successful candidate will be part of a dynamic team that strives to meet the financial modeling needs of a growing organization and will have various methodology- and model-related responsibilities.

Job Responsibilities:
  • Work with model developers and rating teams to provide oversight of and guidance on:
    • Validation of proposed models;
    • Controls around model usage and restrictions/limitations;
    • Ongoing model performance and testing; and
    • Adherence to model policy requirements and methodologies.
  • Interface with regulators and/or stakeholders to respond to any methodology- or model-related inquiries.
  • Coordinate Model Risk Management meetings; prepare meeting agenda; collect/organize meeting materials and track action items.
  • Maintain model and analytical tool inventory.
Successful candidates will possess the following:
  • Bachelor's degree in a subject with quantitative elements. An MBA or MS is highly desired.
  • A minimum of seven (7) or more years of relevant model risk management or financial audit experience.
  • Two (2) or more years of experience in data science, modeling, or related field is helpful.
  • Significant experience using, developing, and validating models.
  • Strong verbal, written and presentation skills are essential.
  • Ability to interface with other functional areas within the firm and/or external parties on model-related issues.
  • Strong proficiency with R and/or Python and the use of a scripted query language is preferred.
Salary Range:

The anticipated annual base salary range for this full-time position is $175,000 to $225,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

KBRA Benefits
  • A hybrid work schedule (Tuesday, Wednesday, and Thursday)
  • Competitive benefits and paid time off
  • Paid family and disability leave
  • 401(k) plan, including employer match (100% vested)
  • Educational and professional development financial assistance
  • Employee referral bonus program
  • Cell phone reimbursement

About Us:

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

More Info
KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law.

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