Model Risk Control Specialist

What You'll Do

• Draft and maintain comprehensive model documentation across the model lifecycle for Financial Crime Compliance models
• Establish and execute ongoing model monitoring controls, partnering with quantitative analysts and subject matter experts
• Support model tuning and optimization for Trade Surveillance, Transaction Monitoring, and Sanctions screening models, including ML/AI-enabled approaches where applicable
• Oversee and challenge model testing performed by developers and vendors, including design of challenger models or compensating controls as needed
• Perform and/or manage periodic assessments and above-/below-the-line testing to evaluate model performance and sustainability
• Conduct research on emerging modeling approaches and regulatory expectations, performing gap analyses and recommending enhancements to existing controls
• Lead root-cause analysis for model performance anomalies and drive remediation planning with stakeholders
• Manage model governance processes, including model inventory updates, change tracking, and reporting to senior management, Model Risk Management, and Internal Audit

What You'll Bring

• Ability to build and maintain clear, audit-ready model documentation across the model lifecycle
• Understanding of Financial Crime Compliance concepts and model use cases (e.g., AML/transaction monitoring, sanctions screening, trade surveillance)
• Experience in ongoing model monitoring, performance analysis, and issue investigation (including root-cause analysis)
• Experience partnering with quantitative/analytics teams to support testing, tuning, and optimization of models (including vendor-developed solutions)
• Knowledge of model risk governance expectations and standards (e.g., SR 11-7 / OCC 2011-12) and experience supporting validation and exam requests
• Ability to translate complex technical concepts into clear materials for non-technical stakeholders and senior management
• Experience in producing metrics, management reporting, and tracking model changes through governance forums
• Proficiency in data and analytical tools (e.g., SQL, Python, Excel); familiarity with visualization tools (e.g., Power BI, Tableau) is a plus

Salary Range

$70,000 and $125,000 per year.