AVP/VP - Financial Model Management

A critical component of the role is to understand financial planning processes and models to forecast revenue, balance sheet, expenses and capital.

The team will be supporting across the following 3 areas:

- Governance

- Framework

- Model Inventory

Responsibilities:

Model Inventory - Support the NY Lead in the following:

- Manage Model Inventory Attestation and monitoring processes by ensuring satisfactory introduction of new models.

- Provide advisory on Model/Non-model Assessment process.

- Facilitate consistency in Model Sponsorship across MS, MG, MLE (Central FP&A or Businesses for EUCs, ICAAP, Treasury).

- Facilitate on Follow-up Actions from Inventory Attestation.

- Provide quantitative (Financial Forecast) Assessment for completeness.

- Provide qualitative Assessment covering different Model lenses.

- Establish Model/Non-model Assessment process (Implementation of consistent Model Definition across Quantitative and Qualitative Areas).

- Provide assessment of unexplored modeling areas including Treasury, IPV / Valuation Adjustments, Enterprise Valuation, Vendor Models, AI/ML model Objects.

- Coordinate Training Implementation with MRM using LMS

- Design Model Reviewers Qualification

- Establish consistent Model Review Process for internal review, EUC review, Systems Review,

Keyword Search-based review

- Review & Challenge Charter, Scope, Responsibilities, Participants, Frequency and Escalation

- Streamline MRM Data Quality Template

- Facilitate consistent practices of documentation, request for policy dispensation, compensating controls and overlays.

Governance - Support in the following

- Establish the 1 Line of defense (LoD) Model Governance Forum's Charter, Scope, Responsibilities, Participants, Frequency and Escalation path to Peer Committees (e.g. MRM & Senior Committee).

- Manage and mitigate 1LoD model risk and maintain model hygiene.

- Engage with all Finance Functions (Treasury, Tax, Controllers, Financial Analysis & Planning, Capital Planning etc), and Key Stakeholders.

- Actively facilitate timely stakeholder responses for Model Risk Management activities.

- Evaluate, improve, monitor and assist in Reporting to Senior Management, Committees and Auditors, as needed.

- Report Model related Current / Emerging issues and mitigations.

- Design Committee Presentation Templates and Dashboard Reporting.

- Assess and Report on Finance Model Risk Appetite.

- Govern issues centrally and Monitor Path to Satisfaction (Green).

- Coordinate the remediation of Finance-wide Breaches and Dispensations.

- Proactive Management of Model Risk by establishing and executing Monthly Reporting Dashboard for Key Areas.

- Capture and report Model Performance Statistics for OPA threshold breaches

Framework - Support in the following :

- Establish Framework for consistent application of Procedures & Guidelines across Finance Organization.

- Oversee adherence to MRM processes, controls and compliance with model governance policies and procedures.

- Provide user training for Procedures & Guidelines

- Establish Model Strategy for Quantitative/Qualitative Model Development Centralization.

- Prepare Quarterly Inventory Confirmation for BAU Quarterly processes i.e. Business Planning Models.

- Coordinate Quantitative Assessment for downstream/upstream models

- Participate in regular Management Control Assessment (MCA) Process and Qualitative Model Oversight.

- Establish Finance 1LoD Control Framework and perform regular Controls testing across Model Life Cycle.

- Provide Centralized coordinated feedback for MRM P&P Revisions.

- Facilitate MRM discussion for consistency of MRM practices.

- Provide advisory on Optimizing MRM requirements and scope.

- Provide coordination for Audit/Regulatory Reviews/Controls Exams.

- Response to Audit/Regulatory Reviews/Exams.

- Coordinate remediation and closure of Audit and Regulatory Issues.

- Liaison with other Policy Teams as required.

- Participate in CCAR, Capital Planning Process and Business Planning process as required.

Qualifications:

- Minimum of 8 - 13 years of relevant finance/business/accounting/MIS experience in financial services along with demonstrated experience working with technology to build software solutions for Risk, finance and/or front office solutions.

- Degree in Economics, Finance, Engineering or technology-oriented disciplines

- Financial statement/product knowledge.

- Business Analyst skills with some program management and organizational skills.

- Demonstrated analytical skills, including the ability to synthesize quantitative and qualitative models.