BDO USA · 9 hours ago
Director, Model Risk Management
Detroit, MI
Full-time
Hybrid
Director/Executive
$260K/yr - $300K/yr
15+ years expBDO USA is a leading accounting and advisory organization focused on delivering exceptional and sustainable outcomes. The Director of Model Risk Management will lead complex engagements, manage a team, and contribute to business development while ensuring high-quality client service.
AccountingConsultingFinancial Services
Responsibilities
Executes the office’s business development plan in collaboration with the MRM team, building and maintaining relationships with key executives and stakeholders to support growth across business lines and industries
Leads and manage MRM services across a wide range of model families, including:
Credit Risk Models: CECL, Basel, CCAR, loss forecasting, and stress testing
Market & Balance Sheet Models: Valuation models and Asset Liability Management (ALM) models
Compliance & Monitoring Models: BSA/AML compliance and fraud detection
Oversees engagements from initiation to completion, including project setup, administrative coordination, team management, client communications, and presentations
Critically reviews model functionality, evaluating methodologies and assumptions, and documenting conclusions
Ensures quality controls, regulatory expectations, and BDO risk management procedures are consistently adhered to in all client deliverables
Actively participates in internal and external client meetings, contributing to project execution, knowledge sharing, and relationship building
Supervises the day-to-day workload of VCMA – QFAS staff on assigned engagements, reviewing work products for accuracy, completeness, and quality
Ensures staff are trained on relevant models, methodologies, and best practices to strengthen technical capabilities
Evaluates staff performance, provide constructive feedback, and assist in setting professional development goals and objectives
Delivers periodic feedback and complete formal performance evaluations in a timely manner
Serves as Career Advisor and mentor to designated staff, supporting career growth, professional development, and engagement within the practice
Other duties as required
Qualification
Required
Bachelor's degree, required
Fifteen (15) or more years of experience within financial institution, finance regulators, independent advisory firms, banks, or other financial services firm, required
Experience with managing a team of model developers or validators, required
Experience in developing, validating or auditing a variety of models including but not limited to valuation models, CCAR/CCEL/BASEL loss forecasting, stress testing and other credit risk models, BSA/AML compliance models, Fraud, Asset Liability Management (ALM) models, etc., required
A combination of industry experience with hands on knowledge of different vendor models and advisory experience with proven track record of practice development, required
Expertise in understanding the model risk management regulatory landscape, such as SR 11-7, required
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Prior experience with Capital IQ or Bloomberg, required
Prior experience with programming languages such Macro/VBA, R, Python, SAS, SQL, and other industry software, required
Preferred
Master's degree and PhD, with a focus in Finance, Financial Engineering, Actuarial Science, Risk Management, Mathematics, Computer Science, Statistics, Economics, preferred
Head of model development department or model validation department, preferred
CFA, FRM, QRM, ASA or other valuation industry credentials, preferred
Benefits
Employee Stock Ownership Plan (ESOP)
Flexibility and opportunities for advancement
Company
BDO USA
BDO USA renders taxation, audit, assurance, advisory, and business outsourcing services to companies across all sectors of the economy.
10001+ employees
H1B Sponsorship
BDO USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (92)
2024 (101)
2023 (119)
2022 (151)
2021 (105)
2020 (199)
Funding
Current Stage
Late StageTotal Funding
$1.3BKey Investors
Apollo
2023-08-15Debt Financing· $1.3B
Leadership Team
Wayne Berson
CEO and BDO Principal
Catherine Moy
Chief People Officer
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