Remote Model Governance Developer Jobs

Requirements

• Annual Model inventory performed on a timely basis
• Liaise with 1st line subject matter experts to understand model objective/inputs/significant assumptions/design
• Independent Model Validation to ensure soundness
• Model Governance & Policy to maintain and update the Model Risk Management (MRM) framework and policies
• Performance Monitoring to develop a dashboard reflective of recent actual vs expected model output

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Engage in typical model validation activities
• Perform additional model review activities
• Apply in-depth understanding of the drivers of balances and revenues
• Liaise with Risk and Finance professionals
• Maintain model risk control apparatus of the bank
• Stay updated on the latest developments in the coverage area

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Training Budget

Skills

Requirements

• Ensure model owner compliance with MRM procedures and standards
• Document model policies, methodologies, and processes
• Maintain and recommend enhancements to the Model Inventory tracking and Model Risk Assessment
• Validate that appropriate level of documentation is completed for each model or non-model tool
• Lead internal and external model validations
• Stress testing, back testing, replication testing and effective challenge of the Bank's models during internal validations

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Advanced degree (Masters or PhD) in Math, Statistics, Physics, Economics or other quantitative fields
• Perform high quality, risk-focused audit testing
• Tests model development and model validation processes
• Operates as a team member or independently and has responsibility for specific procedures and results
• Ensures testing (or other tasks as applicable to a specialty) is adequately thorough and accurate
• Identifies existing and emerging risk/ control themes
• Prepare draft audit reports and follow-up of audit actions
• Maintain up to date knowledge of industry best practice and regulatory requirements

Benefits

• 401k Matching
• Certification Support
• Flexible Hours
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

Skills

Requirements

• Experience in Model Development, Model Validation, Model Risk Management, or Model Risk Audit
• Demonstrated interest in model governance and regulatory frameworks
• Demonstrated interest in and exposure to automation, AI, and machine learning applications
• Strong communication, stakeholder management, and analytical skills
• Ability to work in a fast-paced environment and prioritize multiple tasks

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Training Budget

Skills

Requirements

• Conduct model validations on the Bank's models, both in-house and vendor models, based on regulatory guidelines, the Bank's model risk management policy and procedure, and the industry's leading practices.
• Evaluate model assumptions and weaknesses, data relevancy and completeness, conceptual soundness, modeling methodology, outcome analysis, etc.
• Prepare a model validation report that meets the Model Risk Management's expectations, based on the evaluation of the model, including backtesting, sensitivity testing, benchmarking, etc. and include a conclusion based on the review.
• Assist in model validation findings monitoring, reporting, and evaluating the corrective actions.
• Conduct model annual reviews including process verification, performance monitoring, degree of changes, etc.

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Lead comprehensive AI security and risk assessments
• Develop and maintain AI risk taxonomies
• Establish and refine AI governance controls
• Provide guidance to business and engineering teams
• Partner closely with AI system developers
• Participate in design reviews
• Advise on secure model architectures

Benefits

• 401k Matching
• Certification Support
• Company Retreats
• Conference Budget
• Dental Insurance
• Disability Insurance
• Employee Assistance Program
• Employee Discounts

Skills

Requirements

• Lead comprehensive AI security and risk assessments
• Develop and maintain AI risk taxonomies
• Establish and refine AI governance controls
• Provide guidance to business and engineering teams
• Partner closely with AI system developers
• Participate in design reviews
• Advise on secure model architectures

Benefits

• 401k Matching
• Certification Support
• Company Retreats
• Conference Budget
• Dental Insurance
• Disability Insurance
• Employee Assistance Program
• Employee Discounts

Skills

Requirements

• Minimum 5 years of experience in model risk management, analytical risk management or finance in banking or insurance.
• Proven ability to apply both strategic and analytic techniques to provide business solutions and recommendations.
• Ability to work effectively in a collaborative team environment.
• Solid analytical, quantitative, and problem-solving skills, the ability to interpret data, reach conclusions and take action.
• Excellent attention to detail and accuracy, with emphasis on controls, evidence, and auditability.

Benefits

• 401k Matching
• Employee Assistance Program
• Flexible Hours
• Health Insurance
• Paid Time Off
• Remote Work

Skills

Requirements

• Support the governance and lifecycle management of models/system in scope
• Collaborate with regional model owners and model users to embed a Model Governance lens across all models/systems
• Ensure compliance with enterprise and local/regional Model Risk Management (MRM) policies
• Conduct independent assessments of model design, intended use, limitations, assumptions, and ongoing performance
• Update and maintain high-quality model documentation
• Monitor model issues, findings, and remediation plans to ensure timely closure and sustainable controls
• Partner with Tuning & Optimization teams to ensure proposed model testing and tuning are methodologically sound and well-supported
• Support regulatory exams, internal audits, and remediation projects related to model governance, documentation, and model risk management

Benefits

• 401k Matching
• Certification Support
• Flexible Hours
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

Skills

Requirements

• Collaborate in the evolution and consolidation of the model governance framework
• Fortify the inventory of models and its control framework
• Promote the automation of processes related to the inventory and controls of models
• Support functional implementation of the new tool for model management
• Adapt the model of governance and internal processes to comply with the AI Act

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Perform model validation activities across different stages of the model life cycle
• Provide effective challenge to model developers
• Communicate model risk findings to stakeholders
• Assess model's capabilities, stress points and limitations
• Assess the associated model risk and the controls in place to mitigate identified risks

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Conduct thorough and independent model validations to ensure models align with business objectives and design objectives.
• Verify that models are performing as expected, identify potential limitations, and assess potential impact.
• Perform annual reviews and review on-going monitoring reports to ensure that models are performing as intended.
• Collaborate with the global MRM team and act as their point of contact in India.
• Work collaboratively with the global MRM team and act as their point of contact in India.

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Execute design effectiveness (DE) and operating effectiveness (OE) testing of controls related to Data Governance and AI Governance
• Develop and document test steps and test scripts aligned to approved testing methodologies and risk frameworks
• Perform reperformance testing, sampling, and evidence validation to assess control execution
• Apply professional judgment to determine control effectiveness and identify control gaps
• Lead and conduct walkthroughs with control owners and stakeholders to understand end-to-end processes related to in-scope control activities
• Analyze and assess business and governance artifacts, including data governance policies, standards, and procedures, data lineage and data quality documentation, AI governance artifacts

Benefits

• 401k Matching
• Certification Support
• Flexible Hours
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Professional Development

Skills

Requirements

• Undergraduate degree or equivalent combination of training and experience
• Minimum of eight years related work experience
• At least four years of model governance experience
• Graduate degree preferred
• Sponsorship for visa
• Hybrid working model

Benefits

• 401k Matching
• Certification Support
• Flexible Hours
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

Skills

Requirements

• Help set up and maintain the model governance framework covering the entire model life cycle
• Contribute to the sound management of model risk throughout the model life cycle
• Update the annual model risk assessment and suggest improvements to the methodology as needed
• Maintain an inventory of models and obtain the required information from stakeholders
• Participate in annual planning to support model governance and propose an annual plan to update the inventory

Skills

Requirements

• Help set up and maintain the model governance framework covering the entire model life cycle
• Contribute to the sound management of model risk throughout the model life cycle
• Update the annual model risk assessment and suggest improvements to the methodology as needed
• Maintain an inventory of models and obtain the required information from stakeholders
• Participate in annual planning to support model governance and propose an annual plan to update the inventory

Skills

Requirements

• Develop and maintain model governance documentation and performance monitoring
• Support the design, development, implementation, and maintenance of the MRM analytics and reporting capabilities
• Explore and assess new technologies and tools that can optimize MRM processes and effectiveness
• Develops tools, visualizations, and dashboards to provide insights at scale to inform risk profile and solves for analytical needs
• Collaborates with cross-functional partners, data, and product owners to gather insights, understand risk reporting strategies and business needs
• Maintain a strong month end data process which includes multiple layers of presentations and stakeholder review
• Must maintain a deep understanding of model risk

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Flexible Hours
• Remote Work
• Employee Discounts
• Wellness Programs

Skills

Requirements

• Supports the creation and maintenance of the Bank-wide model inventory and model risk rating.
• Assists the SVP MRM Officer in performing independent validation and testing of Bank-wide risk models in accordance with MRM Policy as well as Model Validation Standards, Procedures and Templates.
• Evaluates the conceptual soundness of model specifications; the reasonableness of assumptions and reliability of inputs; the completeness of testing performed to support the correctness of the implementation; the robustness of numerical aspects; the suitability and comprehensiveness of performance metrics and risk measures associated with use of models.
• Assesses and measures the potential impact of model limitations, parameter estimation error or deviations from model assumptions; compares model outputs with empirical evidence and/or outputs from model benchmarks.
• Documents and presents observations to SVP MRM Officer and to model owners and users; recommends management action plans, and tracks remediation progress.

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Bachelor's degree in finance, Economics, Accounting, Business Administration, or a related discipline
• Minimum three years of experience in model risk management, risk governance, audit, compliance, or a related field
• Working knowledge of model risk management concepts, governance frameworks, and control environments
• Experience working with GRC platforms, risk assessment, and data management
• Strong analytical and problem-solving skills
• Ability to communicate complex ideas effectively
• Collaborative team player with strong interpersonal skills

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Professional Development
• Retirement Plan
• Wellness Programs

Skills

Requirements

• Conduct thorough and independent model validations to ensure models align with business objectives and design objectives.
• Verify that models are performing as expected, identify potential limitations, and assess potential impact.
• Perform annual reviews and review on-going monitoring reports to ensure that models are performing as intended.
• Collaborate with the global MRM team and act as their point of contact in India.
• Support all aspects of the global Model Risk Management (MRM) program.

Benefits

• 401k Matching
• Health Insurance
• Paid Time Off
• Performance Bonus
• Remote Work
• Training Budget

Skills

Requirements

• Support the creation and maintenance of the Bank-wide model inventory and model risk rating.
• Assist the SVP MRM Officer in performing independent validation and testing of Bank-wide risk models.
• Evaluate the conceptual soundness of model specifications.
• Assess and measure the potential impact of model limitations.
• Document and present observations to SVP MRM Officer and to model owners and users.
• Evaluate and monitor model performance reports on an on-going basis.
• Provide on demand support during regulatory exams of MRM and periodic reviews performed by Internal Audit.

Benefits

• 401k Matching
• Health Insurance
• Dental Insurance
• Disability Insurance
• Employee Assistance Program
• Flexible Hours
• Paid Time Off

Skills

Requirements

• Understanding of modelling techniques or quantitative background, their applications, and associated risks.
• Knowledge of relevant regulations and ethical guidelines.
• Experience in corporate governance will be considered as a plus.
• Strong communication skills, with the ability to explain complex concepts to technical and non-technical audiences.
• Participation in end-to-end modelling, framework and governance initiatives/projects and change management.
• Perform reviews of model risk topics (e.g. model identification, model waivers, etc.) and provide advice, ensuring quality and consistency.
• Interact with Model owners and other stakeholders, fostering accountability and ownership of model risk within the 1st line of defence.

Benefits

• Flexible Hours
• Gym Membership
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

Skills

Requirements

• Understanding of modelling techniques or quantitative background, their applications, and associated risks.
• Knowledge of relevant regulations and ethical guidelines.
• Experience in corporate governance will be considered as a plus.
• Strong communication skills, with the ability to explain complex concepts to technical and non-technical audiences.
• Participation in end-to-end modelling, framework and governance initiatives/projects and change management.
• Perform reviews of model risk topics (e.g. model identification, model waivers, etc.) and provide advice, ensuring quality and consistency.
• Interact with Model owners and other stakeholders, fostering accountability and ownership of model risk within the 1st line of defence.

Benefits

• Flexible Hours
• Gym Membership
• Health Insurance
• Home Office Budget
• Learning Budget
• Paid Time Off
• Remote Work

Skills