Bank of China USA · 3 weeks ago
Enterprise Risk Management Department-Model Risk Management Associate
New York, NY
Full-time
Onsite
Entry Level
$42K/yr - $90K/yr
1+ years expBank of China USA is one of the largest banks in the world, providing stable and reliable financial services globally. They are seeking an Associate for their Model Risk Management team to assist in model validation and governance activities, ensuring compliance with regulatory expectations.
Banking
Responsibilities
Assist the team on conducting the independent model validation for models defined in the model inventory and produce model validation reports
Support the team on reviewing the remediation of model validation findings
Communicate with model developers/owner/users regarding validation findings and remediation activities
Assist the team to implement the activities defined in model risk management framework and ensures that the Bank’s model risk management framework continues to align with regulatory expectations
Assist the team to maintain model inventory and conduct annual model review/attestation processes
Assist the team on maintaining model inventory and conduct annual model review/attestation processes
Assisting the team in EUC control framework maintenance and enhancement
Qualification
Required
Bachelor's degree required
Minimum 1 year of Risk management work or internship experience
Demonstrate strong analytical and quantitative skills to understand and ability to validate models effectively
Demonstrate knowledge of SR11-7, supervisory guidance on model risk management, and other relevant banking regulations from regulators including OCC and FRB
Preferred
Master's degree in Financial Engineering, Mathematics, Statistics or Computer Science major
Specialty in credit risk models and compliance models
FRM or CFA
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China 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 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
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