Bank of China USA · 3 weeks ago
Enterprise Risk Management Department-Model Risk Management AVP
New York, NY
Full-time
Onsite
Mid, Senior Level
$65K/yr - $150K/yr
5+ years expBank of China USA is one of the largest banks in the world, and they are seeking an AVP in their Model Risk Management team. The role involves implementing and enhancing the model risk management framework, conducting model validation, and contributing to the EUC control process.
Banking
Responsibilities
Drive and support the improvement on model risk management policy, procedure, and standards
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 and proactively enhance the internal BAU process
Maintain model inventory and conduct annual model review/attestation processes
Facilitate the bank wide model risk related activities e.g. risk assessment in new product launching, model risk aggregation/assessment and model risk management trainings to internal stakeholders
Contribute in EUC control framework maintenance, execution and enhancement
Collaborate will relevant stakeholders to carry out the activities defined in EUC control framework
Drive the implementation and enhancements of EUC control in the Bank
Collaborate with all internal stakeholders and perform as the 2nd line of defense for model Risk
Conduct or support the independent model validation for models defined in the model inventory and produce model validation reports
Coordinate the remediation of model validation findings and provide guidance of the finding owners
Communicate with model developers/owner/users and senior management regarding validation findings and remediation activities
Qualification
Required
Bachelor's degree required
Minimum 5 years of Model risk management experience
Demonstrate strong analytical and quantitative skills to understand and 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 preferred
Specialty in credit risk models and compliance models preferred
FRM or CFA preferred
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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