Senior Manager - Model Risk Management Services - Consulting Firm

Excellent opportunity with leading MNC Consulting for Model Risk Management - Manager

Position Title : Senior Manager, Model Risk Management Services

Job Description :

- Our National Financial Services Advisory practice is looking for a Senior Manager to join the Model Risk Management services.

- The candidate will be a member of the MRM leadership team and will be responsible of leading the MRM activities of the MRM SSC group. This leader will be responsible for achieving the ope-rationalization and automation of statistical testing in support of model validation and development engagements.

- To achieve these goals, the incumbent will foster internal collaboration, design leading industry practices in model risk management, the ability to drive new model risk service offerings and manage simultaneous client engagements.

- The position requires an in depth understanding of the OCC 2011-12/ SR11-07 regulatory guidance on Model Risk Management and an extensive hands-on experience with model development methodologies and validation techniques.

- The candidate should have previous consulting experience, expertise in writing client proposals and ability to successfully manage client relationships.

The responsibilities will include :

- Lead work in model risk management governance, model development and validation projects across financial services industry. Particularly related to the areas of CCAR, DFAST, and BASEL regulations.

- Design and implement model validation methodologies, training and use cases.

- Build network across the industry and enable collaboration and reuse of model risk management practices and expertise across the firm's.

- Design, develop new modeling approaches and look for opportunities for commercialization of modeling expertise.

- Consistent deliver on client engagements to drive client satisfaction, revenue growth and advance the model risk practice.

- Be recognized as a model risk management SME, design and deliver trainings.

Required skills, experience and qualifications:

- Advanced Degree (PhD) in Statistics, Econometric, Applied Math, Quantitative Finance or related disciplines Strong analytical and quantitative skills

- Big 4 or related consulting experience

- Demonstrate deep understanding and command practical experience in the areas of model risk management including model development and model validation.

- Experience with different model families: Credit risk models, PD, LGD, dual credit risk rating models, IRB, ALLL, time series, linear regression and forecasting models.

- Understanding of OCC 2011-12/ SR11-07, CCAR, DFAST and BASEL regulations.

- Superior competence and is a credible source for external clients and internal colleagues.

- Practical experience designing and developing analytical models.

- Management experience, ability to lead multiple client engagements

- A minimum 10 years of experience in model risk management, model validation, model testing and 5 years of experience in financial services.

- Ability to conceptualize practical work to design framework and methodologies.

- Hands on expertise with modeling software. Strong SAS expertise is a plus.

Certifications :

- Associate in Risk Management (ARM) certification highly desired.