Ford Motor Company · 14 hours ago
Director of Model Risk Management
United States
Full-time
Hybrid
Director/Executive
10+ years expFord Motor Company is a global automotive leader committed to building a better world. The Director of Model Risk Management will oversee and manage all aspects of model risk, developing and implementing a comprehensive framework that aligns with regulatory expectations and industry best practices.
AutomotiveAutonomous VehiclesManufacturingTransportation
No H1B
Responsibilities
Direct the development and execution of the Bank’s model risk management program to align with the Bank’s governance framework and risk appetite, and comply with Bank policy and federal/state law and regulation
Establish and maintain effective model risk management program standards, procedures and processes for model development, documentation, validation, implementation, and use, which align with Bank policy and regulatory guidance Stay abreast of industry trends, regulatory changes, and emerging risks related to model risk management
Establish and maintain a robust model inventory, ensuring accurate and complete documentation of all models used within the organization and develop and implement a model risk-based rating framework
Develop and oversee the implementation requirements for the inventory of Bank-wide models
Oversee the independent validation of all models, ensuring that they are conceptually sound, statistically robust, fit for their intended purpose, and all validation activities and conclusions are adequately documented consistent with Bank policies and procedures
Manage the validation process, including planning, execution, documentation, and reporting of validation findings
Establish a severity rating framework, reporting on, and approving remediation plans and compensating controls for issues raised in model validations and elsewhere Develop and implement processes for ongoing model monitoring, including back testing, sensitivity analysis, and benchmarking
Prepare a consolidated view of model risk across the Bank, including significant individual model risk and model risk in the aggregate, the state of compliance with and recent and outstanding exceptions and ensure that model performance is regularly reported to senior management and relevant committees
Establishing a process for periodic review of all models and ensuring that reviews are conducted in accordance with the established process
Act as the primary contact for regulatory examinations, internal audits, and external audits of the credit risk management programs. Respond to exams and audit concerns and coordinate corrective action of all related findings
Oversee activities of the model risk management team, develop personnel, and collaborate effectively with model owners, developers, business stakeholders, and other department heads to deliver on specific objectives and initiatives
Communicate model risk management policies, procedures, and expectations to stakeholders across the organization
Represent the Bank in civic and community reinvestment functions
Qualification
Required
Master's degree or PhD in a quantitative field such as mathematics, statistics, economics, finance, or a related discipline
Minimum of 10+ years of experience in model risk management, model development, and/or model validation within the financial services industry
Strong understanding of model risk management principles and regulatory requirements
Experience with a wide range of models used in banking, including credit risk models (PD, LGD, EAD), pricing models, and stress testing models
Proven experience leading and managing a team of quantitative professionals
Strong analytical and problem-solving skills
Excellent communication and interpersonal skills, with the ability to effectively communicate complex technical concepts to both technical and non-technical audiences
Proficiency in statistical modeling software (e.g., SAS, R, Python)
Strong understanding of data management principles and data quality
Deep understanding of the banking industry, including lending practices, risk factors, and regulatory environment
Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
Strong ethical behavior and the ability to work with sensitive information
Excellent leadership skills and the ability to train and develop employees, and align them to specific objectives
Benefits
Immediate medical, dental, vision and prescription drug coverage
Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
Vehicle discount program for employees and family members and management leases
Tuition assistance
Established and active employee resource groups
Paid time off for individual and team community service
A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
Paid time off and the option to purchase additional vacation time.
Company
Ford Motor Company
We don't just make history -- we make the future.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$16.23BKey Investors
US Department of EnergySoros Fund Management
2025-07-29Post Ipo Debt· $3B
2023-08-17Post Ipo Debt· $4B
2023-06-22Debt Financing· $9.2B
Leadership Team
James Farley
Chief Executive Officer
Efrat Barit
COO
Recent News
2026-01-25
2026-01-24
Company data provided by crunchbase