HW3 · 1 week ago
Vice President – Model Risk Management
NYC Metro Area
Full-time
Onsite
Senior Level, Lead/Staff
$200K/yr - $230K/yr
8+ years expHW3 is a commercial bank seeking a Vice President of Model Risk Management to enhance its enterprise Model Risk Management framework. The role involves supporting model governance, performing validations, and ensuring regulatory compliance while collaborating with various stakeholders.
RecruitingStaffing Agency
Hiring Manager
Adara Kelly
Responsibilities
Support and enhance the Model Risk Management framework, policies, and procedures
Maintain and oversee a comprehensive enterprise model inventory, including tiering and lifecycle governance
Ensure alignment with SR 11-7, CECL, and other applicable regulatory guidance
Perform independent validations and reviews of models across the bank, including:
Credit & CECL/ALLL
BSA/AML
ALM, liquidity, stress testing, capital, and other decision-support models
Assess conceptual soundness, data integrity, methodologies, assumptions, and performance monitoring
Challenge model limitations and use cases; recommend remediation where appropriate
Document validation results and present findings to senior management, committees, and regulators
Qualification
Required
8+ years of experience in model risk management, model validation, or quantitative risk within a banking environment
Strong knowledge of regulatory frameworks (SR 11-7, CECL, capital, stress testing, ALM)
Experience working with regulators and internal audit
Strong quantitative and analytical skill set
Proficiency in tools such as Python, R, SAS, SQL (MATLAB a plus)
Excellent written and verbal communication skills with the ability to explain technical topics to senior stakeholders
Preferred
Strong data and reporting capability; experience with BI tools and dashboards preferred
Advanced degree in a quantitative discipline preferred (Finance, Economics, Statistics, Data Science, etc.)
Company
HW3
HW3 is a global recruitment consultancy that offers staffing and recruitment services within regulated industries.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$7MKey Investors
Meraki Capital
2024-07-30Series Unknown· $7M
Leadership Team
Nick Vaughan
Founder & CEO
Mark DePanfilis
Client Growth Partner
Company data provided by crunchbase