Manager Model Risk

Full-time hybrid role based in Newark, DE (3 days onsite).

About the role

The position entails managing model risk frameworks, ensuring compliance, and assessing financial models. Proficiency in data analysis and programming is essential.

Responsibilities

• Manage and mentor a team responsible for model risk.
• Implement and maintain a model risk management framework.
• Oversee validation and testing of financial models.
• Assess model effectiveness and suggest improvements.
• Report model risk findings to senior management.

Requirements

• Strong knowledge of quantitative analysis and risk assessment.
• Familiarity with regulatory requirements.
• Proficiency in programming languages such as a general-purpose programming language.
• Excellent analytical and problem-solving skills.
• 5 years of experience in model risk management or a related field.

Skills

• General-purpose programming language
• Statistical packages

Pay

$126,000–$139,000 per year.