Model Risk Management Role - Investment Bank

Model Risk Management with a leading investment bank

- Model Risk Management comprises Model Validation Teams and the Model Governance Team.

- Model Governance oversees technology supporting the function, development and distribution of risk and performance indicators, regulatory communications, cross-functional initiatives, development of policies and procedures, and reporting.

- Model Validation Teams validate the integrity and comprehensiveness of Risk, Valuation, Algorithmic Trading, and Finance Models.

- Development and delivery of recurring KPI and KRI Reporting

- Coordination and tracking of actions within Validation Teams

- Execution of monthly control and monitoring processes owned by Model Risk

- Implementation of new control processes and subsequent enhancements

- Delivery of BAU and ad-hoc reporting, including design proposals for new reporting

- Preparation of responses to auditors, internal teams, and regulators

- Support of the Model Inventory system through documentation of user feedback, provision of user training and support, and UAT testing of enhancements and bug fixes

- Preparation of updates to team procedures

- Management and assembly of monthly Model Risk Management Committee slide decks