Head of Model Risk Management (MRM)

Tasks

• Assess data relevance conceptual soundness implementation controls and monitoring
• Chair model approval meetings
• Challenge model design assumptions limitations and usage
• Coordinate model risk management committee
• Define model risk management framework
• Ensure independent model review before use
• Escalate material model risks to senior management
• Interface with regulators and internal audit on model risk
• Lead and develop model risk management teams
• Maintain model identification inventory tiering validation monitoring remediation rules
• Monitor regulatory developments and ensure timely framework updates
• Oversee model lifecycle governance and documentation
• Oversee remediation plans and issue resolution
• Produce model risk exposure reporting

Perks/Benefits

• N/A

Skills/Tech-stack

AI Governance | Independent Review | Microsoft Excel | Microsoft PowerPoint | Microsoft Word | Model Risk Management | Model Validation | Model risk | Ongoing Monitoring | Python | Quantitative Analysis | R | Regulatory Compliance | Remediation planning | Risk Management | Risk Reporting | Risk governance | Stakeholder management | Statistical modeling