Model Risk Audit Consultant for Global Banking Group

5 days ago


New York, New York, United States Michael Page Full time

**Job Opportunity:**

We are seeking a seasoned Model Risk Audit consultant to join our client, a leading global banking group based in the United States. As part of their internal audit department, this role will be responsible for handling model risk audits.

About the Company:

The company is a full-service global banking group with a significant presence in the United States. They are expanding their audit function to achieve strategic objectives, including attaining "best in class" audit coverage and strengthening methodology.

Responsibilities:

  • Develop and execute audit plans to ensure scope, approach, resourcing, and logistics are appropriately planned
  • Lead and manage a team of staff at various levels, motivating them to provide high-quality results
  • Assist in developing and maintaining the IA Model Risk coverage program to align with regulatory requirements
  • Execute testing of Model Risk audits and individual model assessments
  • Contribute to the completion of the annual model risk audit plan
  • Communicate effectively with model risk business partners
  • Analyze information to identify risks and trends
  • Enhance both audit skills/capabilities and subject matter knowledge of model risk/validation/development
  • Advise stakeholders and senior management on major plans, projects, and structural changes impacting their business
  • Collaborate with regulators, external auditors, consultants, Executive/Senior Management, and other control functions like Compliance, Risk Management, and Finance

Requirements:

  • 6+ years of experience in model audit, model risk, model validation, or model development
  • Strong expertise in BSA/AML models
  • Past working experience within Internal Audit is preferred but not required
  • A flexible management style with experience developing yourself and others
  • Excellent written and spoken communication skills to articulate complex information to varied audiences
  • A track record of making complex business decisions with authority, considering long-term risks and implications
  • A comprehensive understanding of risk management and proven experience ensuring compliance with relevant regulatory processes

Offered Salary: $120,000 - $150,000 per year (dependent on experience)

Benefits: Extensive work-from-home flexibility and a dynamic work environment.



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